From Independent Institute <[email protected]>
Subject The Lighthouse: Black Republicans vs. FDR | The Fed at War | FDA Will Make You Sick
Date November 1, 2023 6:42 PM
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Crump, the white Democratic Party boss of Memphis, was cozy with FDR. J.B. Martin, a black business owner and local Republican Chairman, organized...

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November 1, 2023 • Weekly Newsletter
How Boss E.H. Crump Used the Memphis Police to Suppress a Black Republican Challenge to FDR ([link removed])
David T. Beito (AIER)
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Crump, the white Democratic Party boss of Memphis, was cozy with FDR. J.B. Martin, a black business owner and local Republican Chairman, organized a multiracial rally for Roosevelt’s opponent Wendell Willkie. Crump fumed that “Negroes might as well learn their places,” and used city police to retaliate against Martin. Guess how FDR’s Justice Department responded to Martin’s plea for legal help... READ MORE » ([link removed])
The New Deal’s War on the Bill of Rights ([link removed])
The Untold Story of FDR’s Concentration Camps, Censorship, and Mass Surveillance ([link removed])
By David T. Beito
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The Federal Reserve at War ([link removed])
Judy Shelton (Wall Street Journal)
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How will the central bank respond to instability in markets caused by global turmoil? The Fed might take a page from its emergency actions during the 2008 financial crisis and Covid—but such aggressive moves have serious consequences. READ MORE » ([link removed])
Crisis and Credit Allocation ([link removed])
The Effect of Ideology on Monetary Policyduring the Great Depression and the Great Recession ([link removed])
The Independent Review, Spring 2023
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Decongestant Drug Doesn’t Work? Neither Does the FDA ([link removed])
Raymond J. March (Inside Sources)
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Autumn heralds the arrival of pumpkin spice and flannel shirts—and the start of the flu season. But the FDA is a about to make that a whole lot worse. Which of your go-to medicines are about to get pulled? READ MORE » ([link removed])

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Another Black Monday May Be Around the Corner ([link removed])
Steve H. Hanke, John Greenwood, OBE (Wall Street Journal)
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The Fed’s huge inflationary boost to the money supply, stemming from pandemic stimulus, set the stage for what is now a sustained decline in the money supply. As a result, the economy is in real danger. It’s hard to ignore the disturbing parallels with the 1987 stock market debacle. READ MORE » ([link removed])
The Midas Paradox ([link removed])
Financial Markets, Government Policy Shocks, and the Great Depression ([link removed])
By Scott Sumner
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