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At times during these gilt decades government did help, or at least try to: the Interstate Commerce Act of 1887 established the first regulatory commission with power over a segment of industry; the Sherman Anti-Trust Act of 1890, named for Senator John Sherman, “the Ohio Icicle,” made a gesture at restoring competition to American business life. B
... See moreRobert A. Caro • Master of the Senate: The Years of Lyndon Johnson III
Right before the Princeton battle, Washington informed Philadelphia financier Robert Morris that “we have the greatest occasion at present for hard money to pay a certain set of people who are of particular use to us . . . Silver would be most convenient.” 19 Washington considered Morris, a huge man with a ruddy complexion and a genial personality,
... See moreRon Chernow • Washington
power as possible, Lincoln happily agreed. At this point in time, Sherman felt more comfortable as a number two. He felt he had an honest appreciation for his own abilities and that this role best suited him. Imagine that—an ambitious person turning down a chance to advance in responsibilities because he actually wanted to be ready for them. Is tha
... See moreRyan Holiday • Ego Is the Enemy
It’s the Land, Stupid: How the Homebuilder Cartel Drives High Housing Prices
Matt Stollerthebignewsletter.com
Those were not empty words. In 1852 Fillmore’s secretary of state, Daniel Webster, gave speculators carte blanche to sail to the guano-laden Lobos Islands off the coast of northern Peru and scrape them clean, promising naval protection and dispatching a warship for that purpose. It was a bold yet dangerous plan, as Peru claimed sovereignty over the
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