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Charles Gates Dawes.
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History Shows How Dangerous 'America First' Really Is

In the 1920s and 1930s, the U.S. tried America First. This philosophy helped lead to World War II.
A scale measuring the weight of gold flakes; with a quill, wax seals, lace, and jewelry.

Where Inflation Comes From

How we calculate inflation has always been a subject of debate. Small changes that might seem trivial lead to enormous changes in how well-off we think we are.
Biden's hand waving goodbye as he gets into a car.

The Democrats’ Crisis Isn’t Over

Biden’s withdrawal won’t solve all of Democrats’ problems — but it gives them a chance.
An 1863 illustration from “Le Monde illustré” of formerly enslaved people celebrating the Emancipation Proclamation.

What If Reconstruction Didn’t End Till 1920?

Historian Manisha Sinha argues that the Second Republic lasted decades longer than most histories state and achieved wider gains.
A West Village, New York pizza restaurant.

What Should Econ 101 Courses Teach Students Today?

Why introductory economics courses continued to teach zombie ideas from before economics became an empirical discipline.
Soy plantation fields.

Hating the Heartland

Do Americans in rural places really “marinate in a sense of loss and perpetual disappointment”?
Ronald Reagan campaigns in Houston ahead of the Republican Convention in 1976.
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How Abortion Took Over the Republican Party

Ronald Reagan proved instrumental to Southerners bringing their cultural conservatism to center stage for the Republican Party.
Depositors of a failed bank hold a protest during the Great Depression.

A Decisive Influence: The American Public’s Role in Financial Regulation

The history of grassroots banking politics has been overlooked — and even denied.
Book cover; painting of Founding Fathers sitting around a table

The Continental Dollar: How the American Revolution Was Financed with Paper Money

Economists and historians have been telling us the wrong story about Continental currency for two centuries.
Rep. David McKinley (R-WV) tries unsuccessfully to hail a taxi as cabbies stage a rolling protest against app-based ride-hailing services.

Uber and the Impoverished Public Expectations of the 2010s

A new book shows that Uber was a symbol of a neoliberal philosophy that neglected public funding and regulation in favor of rule by private corporations.
Mirror images of General James Longstreet.

How a Die-Hard Confederate General Became a Civil Rights–Supporting Republican

James Longstreet became an apostate for supporting black civil rights during Reconstruction.

Hamilton’s System

Who is the father of American capitalism?
Photo of college graduates throwing their caps in the air.

Borrowed to the Hilt

President Biden’s SAVE plan isn’t going to rescue the tens of millions of Americans that together owe more than $1.7 trillion.
Engraving of "We the People," in which the words "We" and "the" are painted over.

How Do We Survive the Constitution?

In “Tyranny of the Minority,” Steven Levitsky and Daniel Ziblatt argue that the document has doomed our politics. But it can also save them.
Recently freed African Americans receive rations.

The Origins of the Socialist Slur

Reconstruction-era opponents of racial equality popularized the charge that protecting civil rights would amount to the end of capitalism.
Theodore Roosevelt and Henry Cabot Lodge.

“One of the Greatest in US History”: The Friendship Between Theodore Roosevelt and Henry Cabot Lodge

The relationship between two true believers in American exceptionalism.
A Ku Klux Klan march, late 1800s to early 1900s.

Tracing the Legacy of Southern White Migration

Unlike the Southern whites who moved en masse during the 20th century, these early migrants often had direct, personal ties to the institution of slavery.
Signs at bus stops in Woonsocket, Rhode Island, telling residents about the availability of the SNAP program.
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SNAP Work Requirements Are a Triumph of Politics Over Evidence

Decades of evidence reveals that work requirements for food assistance leave people hungry and hurt the economy. But supporting them remains good politics.
Shredded "Don't Tread On Me" flag.

The Long Afterlife of Libertarianism

As a movement, it has imploded. As a credo, it’s here to stay.
Agosto Pinochet and Milton Friedman edited to appear as two sides of the same coin.

When Milton Friedman Met Pinochet

Chicago economists had free rein in Chile. The country is still recovering.
A First Republic Bank sign.
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First Republic and Our Undemocratic Bailout System

Regulators with no democratic accountability keep bailing out banks and big depositors — at the cost of billions to taxpayers.
Dilapidated traffic sign reading "School Bus Stop Ahead."
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Child Labor In America Is Back In A Big Way

The historical record says we shouldn’t be surprised.
Climate activists march to the U.S. Capitol after the “Farmers for Climate Action: Rally for Resilience” on March 7 in D.C. (Paul Morigi/Getty Images)
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Farmers Are Mobilizing for Action. It’s Not the First Time.

In the 1970s, a family farm movement famously mobilized in “tractorcades” at the Capitol to try to prevent farm foreclosures and keep farmers on the land.

At the Altar of the Fed

Celebrating the Federal Reserve as a cockpit for economic steering conceals the reality of where power lies today.
A shattered painting of Adam Smith.

The Betrayal of Adam Smith

How conservatives made him their icon and distorted his ideas.
Alexander Hamilton stands guard over the U.S. Treasury building in Washington.

The Constitutional Case for Disarming the Debt Ceiling

The Framers would have never tolerated debt-limit brinkmanship. It’s time to put this terrible idea on trial.

How the Third Way Made Neoliberal Politics Seem Inevitable

An overhyped new paradigm proved to be a slogan without a movement.
Lieutenant Governor Garlin Gilchrist, left, holding up hands with Governor Gretchen Whitmer, right, both smiling.
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Michigan Democrats Can Reignite Their State’s Vaunted Labor Tradition

A historic victory in the midterm elections will let Democrats repeal the state’s right-to-work laws and return to its labor roots.
Turbulent drawing evoking mass strikes, urban decay, gas shortages, police in riot gear, chainsaw massacre, and disco.

We’re Haunted by the Economy of the 1970s

Politicians across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny; but their solution misses the mark.
A still from "Ulitza Sezam" with the cast and puppet characters sitting around a table.

When the Muppets Moved to Moscow

A new book details the tangled tale of "Ulitsa Sezam," a "Sesame Street" spinoff that aired until visions of Russia's democratic future faltered.

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