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The Growth of Government, Trust in Government, and Evidence on Their Coevolution

Only one in five Americans trust the United States government to do the right thing most of the time. This is down from three in four Americans in the 1960s. What has led to the erosion of trust? Gordon, Garen and Clark find that the growth in government by politicians who are currying the favors of special interests may play a large role.

Modern Politics and the Passions

Dr. Bradshaw explores today’s political, social and moral divides with reference to the works of John Locke and Jean-Jacques Rousseau. Finding that behind these ideas are destructive forms of thinking and feeling, Bradshaw argues that to unify requires returning to the classical disciplines imbedded in Plato, Aristotle and the Christian ideal of educating the passions.

Interwar Price Level Targeting

The Great Depression may have been preventable. Using a formalized policy rule instead of relying on the Federal Reserve’s discretionary policy decisions, may have prevented the country’s worst economic crisis. Fackler and Parker analyze what could have happened if the country had adopted Irving Fisher’s recommendations in 1930.