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Herbert Butterfield, who taught history at Cambridge, had many insights on the sea changes brought about by World War I and the collapse of the Old World Order. The new order that followed, he realized, was not an improvement over what previously existed.

Jeffrey Miron Focusing on the business tax cuts, a new paper reaches five conclusions: First, large corporate tax cuts are expensive and increase the deficit substantially; specifically, the reform reduced corporate tax revenue by 40 percent. Second, taxes matter for corporate investment. Firms facing larger corporate tax cuts