The 2008 financial crisis led to more and more frequent political attacks on central banks. The recent spotlight on central bank independence is reminiscent of the fiery debates amongst Germany's political elites in 1949 on the same issue; debates that were sparked by the establishment of West...

Why has democracy flourished in the Federal Republic of Germany despite that country's troubled past? Exhaustive research in German historical archives illuminates the pivotal role played by the veterans of the Christian trade unions of the Weimar Republic, the only group to participate in both...