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New Deal hampered recovery by causing businessmen to fear policy changes that might render their investments unprofitable.) Insull's Monstrosity The 1935 Revenue Act wasn't the only measure that had businessmen and investors shuddering that August. Less than a week after it became law, FDR signed the still-more controversial Public Utility Holding Company Act, granting the SEC the power to break up the nation's utility holding companies. On the eve of the Depression, Paul Mahoney explains, most U.S. electric and gas companies were directly controlled by trusts or holding companies. Groups of ...

Some politicians promise an El Dorado if you vote them into power. Others tell stories, some true and some not so, to get the voters to believe them. In modern times, we've seen how charismatic leaders cast their spell on the electorate and lead them to an unknown world as did the Pied Piper of Hamelin. One can relate to these fables by looking at the recent history of the United Kingdom.   On January 30, 2020, the UK left the EU after 45 years, having been influenced by the leaders of the "Leave" movement, including the current British Prime Minister Boris Johnson. Previously, on June 23, ...