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US entry into WWI assured a decisive Allied victory, but it also assured a victory for politically-connected US bankers who used the new Federal Reserve System to send newly-printed money to the Allies which quickly returned back to the US in the form of military-industrial

Scott Lincicome Earlier this week, we published two new essays for Cato’s Defending Globalization project: “Globalization Helps Women Thrive,” by Christine McDaniel, explains that trade and foreign investment have boosted economic opportunity, living standards, and equality for women around the world. “Changing the Trade and Development Consensus,” by