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Henry Carey.

The Thinker Who Explains Trump’s Tariffs

Henry Charles Carey is arguably the most influential economist in American history.
"Made in U.S.A." sticker

The Return of Political Economic Nationalism

The populist turn in our politics is best understood as a revival of old categories of political economy.
The North American Trust Company building in Havana, Cuba.

The Imperial Fed

Colonial currencies and the pan-American origins of the dollar system.
President Madison ending the Embargo Act cartoon

James Madison and the Debilitating American Tendency to Make Everything About the Constitution

The U.S. Constitution was the reason for Madison and Hamilton's breakup.

'Trade Wars Are Good'?

Three past conflicts tell a very different story.
Donald Trump and Theresa May
partner

Protectionism 100 Years ago Helped Ignite a World War. Could it Happen Again?

Abandoning free trade doesn't just hurt the economy. It threatens peace and stability across the globe.
U.S Custom House.

Lessons from Early America’s Tariff Wars

The 1790s debate shows that, even when they aim at moral goods, tariffs abet cronyism and corruption.
Barack Obama and Chinese president Xi Jinxing looking away from each other.

The Bipartisan Origins of the New Cold War

Starting with Obama, American presidents embraced the idea of arresting China’s rise, opening the door to Trump’s trade wars and hawkishness.
A hand reaches for stacks of coins and bills, superimposed on photos of factory smokestacks.

Profit, Power, and Purpose

The greatest challenge presented by modern corporations, small as well as large, involves purpose.

Hamilton’s System

Who is the father of American capitalism?
Bill Clinton presenting the V-chip, 1996.

Cold Controls

“National security” and the history of US export controls.

Whose Century?

One has to wonder whether the advocates of a new Cold War have taken the measure of the challenge posed by 21st-century China.

The Mind Behind Early American Protectionism

Before free trade became a consensus, Friedrich List argued that U.S. industry should be put first.
Pat Buchanan surrounded by balloons at a campaign rally.

The Year the Clock Broke

How the world we live in already happened in 1992.
Donald Trump holding up a bill he signed.
partner

Ceding Power to the Executive is Backfiring on Free-Trade Advocates

Liberal Democrats sidestepped Congress to bring free trade to the U.S. Now, Trump is able to do the same thing to destroy it.
partner

The Truth About Trade Wars: Everyone Loses, and the Damage Is Hard To Undo

President Trump is repeating the mistakes of the Great Depression.
Melania Trump wearing a Dior pantsuit.

The 1968 Fashion Show, the History Lesson Melania Missed

What the First Lady could learn from the fashion show that was supposed to showcase America First fashion.
Donald Trump in the Oval Office, with a portrait of Andrew Jackson in the background.

The Man Who Put Andrew Jackson in Trump’s Oval Office

Historian Walter Russell Mead has become the favorite Trump whisperer for everyone from Steve Bannon to Tom Cotton.

Literacy Tests and Asian Exclusion Were the Hallmarks of the 1917 Immigration Act

One hundred years ago, the U.S. Congress decided that there needed to be severe limits on who was coming into the country.
A bread line on New York's Lower East Side in 1930.

Trump Tariffs Conjure Specter of Smoot-Hawley Act, a Depression-Era Blunder

The 1930 tariff bill hurt exporters and provoked other countries to enact their own tariffs as the U.S. economy grappled with the Great Depression.
A worker removes the U.S. Agency for International Development sign from its headquarters on February 7.

Seeds of Mistrust

Musk and Trump are capitalizing on decades of confusion and broken promises to lay waste to a crucial agency.
Harris carved in stone next to Mount Rushmore.

Kamala Harris Must Grapple with America’s Founding Fathers

To achieve a new political settlement, she has to resolve a tension dating from the Revolution.
President Eisenhower sitting beside President Gamal Abdel Nasser of Egypt at the Waldorf-Astoria Hotel in New York, September 26, 1960

The Foreign Policy Mistake the U.S. Keeps Repeating in the Middle East

In 2024, the U.S. faces some of the same challenges in the region that it did in 1954.
Charles Lindbergh addressing a rally of the America First Committee in 1941.

Stop Saying "Isolationist"

It's misleading, invidious, and it obscures what's actually bad and scary about right-wing nationalist foreign policy.
Law and Political Economy Project

Recovering the Left-Wing Free Trade Tradition

Free trade has been defended primarily by neoliberals who cared little about social justice or democracy. An examination of its history paints a different picture.
Joe Biden speaking as the president elect.
partner

What Biden’s Attachment to An American Century Might Mean

Biden’s vision may conflict with promoting purported American values such as democracy and human rights.

How "America First" Ruined the "American Dream"

Author Sarah Churchwell on the entangled history of America’s most loaded phrases.

End of the American Dream? The Dark History of 'America First'

When he promised to put America first in his inaugural speech, Donald Trump drew on a slogan with a long and sinister history.
Ron Paul.

Libertarians Have More in Common With the Alt-Right Than They Want You To Think

After the alt-right march on Charlottesville, Matt Lewis pointed out the existence of a “libertarian to alt-right pipeline."

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