Federal Reserve Note featuring Salmon Chase held by the National Numismatic Collection, National Museum of American History

The War with Inflation and the Confederacy

During the Civil War, the Lincoln administration demonstrated that a progressive agenda and effective anti-inflationary measures could overlap.

Puerto Rico Can Blame Its Total Blackout on Predatory Companies and Poor Decisions in Washington

Hurricane Fiona hit the island as only a Category 1 storm. But thanks to bad management, the electrical grid immediately collapsed.
Black and white photo of a waitress serving patrons at a lunch counter.

Once Upon a Time, “Waitress” Was a Union Job. Could History Repeat Itself?

While unionization in the service industry is increasingly in the news today, it is important to recognize that this is not a new development.
Photo of Abraham Lincoln in front of images of infrastructure and currency.

How the U.S. Paid for the Civil War

Lincoln's wartime governance had dire, and longstanding, economic consequences.
Lithograph entitled "A View of the Pearl Fishery" depicting enslaved persons rowing in water next to tents on the shore.

African Swimmers in American Waters

Although most enslaved people worked in the fields, captive workers with strong swimming and diving skills were also exploited by plantation owners.
Photo of Ella May Wiggins' five children.

The 1929 Loray Mill Strike Was a Landmark Working-Class Struggle in the US South

Murdered during the 1929 Loray Mill strike, Ella May Wiggins became a working-class martyr—and a symbol of labor’s fight to democratize the anti-union South.
Student loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, D.C., on Aug. 25, 2022.
partner

The 50-Year Path That Left Millions Drowning in Student Loan Debt

How new student loan programs turned students into consumers — and ignited a competition among universities that left them drowning in debt.
Ronald Reagan pointing at a graph explaining his tax policy.
partner

Inflation Opened the Door to American Neoliberalism

An excerpt from "The Hidden History of Neoliberalism."
Row of power lines

It Wasn’t Just Oil Companies Spreading Climate Denial

The electricity industry knew about the dangers of climate change 40 years ago. It denied them anyway.
The image displays two duplicate portraits of Adam Smith. One is upside down.

The Mysteries of Adam Smith

How to understand Adam Smith’s politics.
A vacant home surrounded by a chain link fence is seen in Los Angeles, February 16, 2010.

Why Obama-Era Economists Are So Mad About Student Debt Relief

It exposes their failed mortgage debt relief policies after the Great Recession.
Mary Kay Ash photo with pink filter.

How Mary Kay Contributed to Feminism – Even Though She Loathed Feminists

Ash derided women’s liberation as “that foolishness” – but her success story is very feminist.
School lunch comprised of a hamburger, brussel sprouts, cantaloupe, potatoes, and milk.
partner

The Failed Promise of Free, Universal School Lunch

Masks and social distancing are largely gone, but just as consequentially, a less visible pandemic intervention is ending: universally free school meals.
Governor Ronald Reagan speaking to an audience about the higher education system.

The Origin of Student Debt

In 1970 Roger Freeman, who also worked for Nixon, revealed the right’s motivation for coming decades of attacks on higher education.
Fired Starbucks employees in Memphis celebrate the result of a vote to unionize one of the company’s stores.
partner

Women Have Always Been Key To the Labor Movement

Solidarity between men and women workers is crucial to advancing the cause of workers in America.
Photograph of a woman pushing a shopping cart down a supermarket aisle.

The Secret Anti-Socialist History of Supermarkets

The emergence of the supermarket was used as a key piece of anti-communist propaganda early in the twentieth century against the alternative of grocery co-ops.
Robert F. Kennedy on the presidential campaign trail in 1968.

Beyond GDP: Changing How We Measure Progress is Key to Tackling a World in Crisis

Amid the global threats posed by climate change, energy costs, unemployment and inequality, the need to rethink progress is now an urgent priority.
Picture of a calculator and a shopping basket of fresh produce.

What Online Inflation Calculators Can—and Can't—Tell Us About the Past

Most of these tools are based on the Consumer Price Index, a measure of changing prices in the U.S. over time
Stock traders watching Jerome Powell in conference on screens in the New York Stock Exchange.
partner

Seeing Americans as Consumers Threatens the Fairness of Our Economy

The Federal Reserve keeps increasing interest rates to try to bring prices down — but that may erase gains by non-White workers.
Manuscript listing coins and their weights and values.

Bad Money and the Chemical Arts in Colonial America

Was coining a heinous offense that underminined public trust in currency, or a creative solution to the shortage of specie across the Atlantic world?
Woman placing groceries on conveyor belt at grocery store
partner

The Way to Fight Inflation Without Rising Interest Rates and a Recession

History shows that targeted price caps work when accompanied by a public campaign.
Facebook COO Sheryl Sandberg on stage giving a presentation below a screen showing pictures of people connected by the Facebook network.

How Capitalism—Not a Few Bad Actors—Destroyed the Internet

Twenty-five years of neoliberal political economy are to blame for today's regime of surveillance advertising, and only public policy can undo it.
Illustration of U.S. marshals guarding a freight train from a large mob.

The 1877 St. Louis Commune Was a Landmark Event for the International Workers’ Movement

The often forgotten takeover of St. Louis by workers showed that the U.S. isn't immune to Paris Commune–style eruptions of class consciousness.
FDR signing a bill into law.

On Economics And Democracy

High unemployment is extremely dangerous.
Abstract collage artwork called "the weight of scars."

A Framework to Help Us Understand the World

Out of a common history emerged racism, capitalism, and the whole world. This offers us a clue on how to change that world.
Architectural drawing of Boston Harbor from above.

Who Profits?

How nonprofits went from essential service providers to vehicles for programs shaped and approved by capital.
Book cover of "The Chinese Question The Gold Rushes and Global Politics"

Who Digs the Mines?

A new book recognizes the global character of Asian exclusion.
Illustration of a coal stove with the roof of a house, as if the whole house is a furnace.

When Coal First Arrived, Americans Said 'No Thanks'

Back in the 19th century, coal was the nation's newfangled fuel source—and it faced the same resistance as wind and solar today.
Sketch of workers with clubs attacking a national guardsman during the Great Railroad Strike, 1877.

The 1877 Class War That America Forgot

In 1877, one million workers went on strike and fought police and federal troops in cities across America.
Graph of immigrants showing a peak of western/Northern Europe in 1860, a peak of southern/Eastern Europe in 1910, and a peak of all other locations ca. 2018.

Today’s Newcomers Succeed Just As Quickly As Ellis Island Immigrants

Using records digitized in part by amateur genealogists, economists have upended conventional wisdom about which immigrants succeed and why.