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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.
Image of Jerome Powell speaking at a conference.

Vectors of Inflation

Inflation hawks and inflation doves alike have learned the wrong lessons from the monetary policies of Paul Volcker and Alan Greenspan.
A Coca-Cola billboard in Moscow in 1997.

Capitalism Triumphed in the Cold War, but Not by Making People Better Off

In the wake of economic crises, liberal democracies proved most adept at imposing austerity.
"Thinking like an Economist" light blue book cover

The ‘Economic Style’ as Red Scare Legacy

The rise of the “economic style of reasoning” in the 1960s cannot be properly understood without attending to the political fallout of earlier decades.
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.
Puerto Rican protests for statehood
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The U.S. Having Territories Perpetuates Inequality and Colonialism

Caribbean islands as U.S. territories within an American empire has since the start sparked fierce debates.
Kamala Harris, Joe Biden, and Barack Obama walking together

How to Tell the History of the Democrats

What connection does the party of Thomas Jefferson and Andrew Jackson have to the party of Barack Obama and Kamala Harris?
1861 engraving of Slaves for sale, a scene in New Orleans.

An Enduring Legacy: Financial Institutions, the Horrors of Slavery, and the Need for Atonement

Historian Daina Ramey Berry's April 2022 congressional testimony on the role of banks and insurers in US slavery.
Photograph of prison warden T. M. Osborne and two other men in a penitentiary hallway.
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Were Early American Prisons Similar to Today's?

A correctional officer’s history of 19th century prisons and modern-day parallels. From Sing Sing to suicide watch, torture treads a fine line.
Black and white drawing of early 19th century naval vessels.

The Insurers’ Wars

When Thomas Jefferson’s administration was debating whether to declare war against Britain, it came up against America’s wealthy and influential marine underwriters.
Collage of photos of Andrew Mellon, Ethel Mars and E.W. Scripps.

The Great Inheritors: How Three Families Shielded Their Fortunes From Taxes for Generations

A century of tax avoidance later, the dynasties created in the 1900s are going strong.
Advertisement during the 1918 Influenza Pandemic.

Political Accountability and the 1918 Influenza Pandemic

Why do some political incumbents adopt aggressive measures to slow the spread of infectious diseases while others do not?
Picture of Barack Obama and W.E.B Du Bois.

A Prophet and a President

Why black biography matters.
illustration of Joe Biden and upside-down Capitol building

Is a Democratic Wipeout Inevitable?

Even when the president’s party passes historic legislation, voters don’t seem to care.
A construction machine lifts giants stacks of paper money.

The U.S. Is Politically Bankrupt

For political reasons, powerful people don’t want the country to pay its bills. History shows all that could go wrong.
The word "bipartisanship" with the "bi" scribbled out.

The Case for Partisanship

Bipartisanship might not be dead. But it is on life support. And it’s long past time we pulled the plug.
View from the Empire State Building, August 1975.

A Crisis Without Keynes: The 1975 New York City Fiscal Crisis Revisited

An analysis of the factors that contributed to NYC's massive financial crisis in the 1970s, and the austere solutions that perpetuated it.
Job seekers wait to be called into the Heartland Workforce Solutions office in Omaha last summer.
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How Cruelty Became the Point of Our Labor and Welfare Policies

Why do so many politicians think people only work if threatened or forced into doing so?
President Franklin Roosevelt
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A Stronger Welfare State Is the Key to Saving Democracy From Extremism

Democrats’ policies aim to address societal problems to make fascism and socialism less attractive.
Postcard depicting the Montefiore Hospital in Pittsburgh

The Rise of Healthcare in Steel City

On deindustrialization, the care economy, and the living legacies of the industrial workers’ movement.
A collage with photos of Barack Obama.

The Limits of Barack Obama’s Idealism

“A Promised Land” tells of a country that needed a savior.
Black and white photo of a family sitting around the television together

A Brief History of Consumer Culture

Over the 20th century, capitalism preserved its momentum by molding the ordinary person into a consumer with an unquenchable thirst for more stuff.
James Baldwin smoking at a table in the South of France in November 1979.

The Socialism of James Baldwin

By the end of his life, inspired by the radicalism of the Black Panthers, Baldwin was again ready to proclaim himself a socialist.

Sadie Alexander Was a Trailblazing Economist and Activist

This op-ed celebrates the life and legacy of economist, attorney, and civil rights advocate Sadie Tanner Mossell Alexander.
Reagan in car

What the Rise of Reagan Tells Us About the Age of Trump

Rick Perlstein's "Reaganland" charts the conservative counter-revolution that moved the US to the right.
Free Banking Era five dollar bank note from Michigan.

When the Secret Service Was Only Interested in Money

In certain corners of the internet, you can actually buy money, but these bills are relics of the Free Banking Era that reigned from the 1830s to the 1860s.

Cousins Like Us: Black Lives and John Maynard Keynes

Reflections on the famous economist through the prism of the author's own mixed-race family.
Harry Sternberg’s 1947 visualization of fascism as a three-headed monster.

What We Don’t Understand About Fascism

Using the word incorrectly oversimplifies history—and won't help us address our current political crisis.

The Death and Rebirth of American Internationalism

As the 2020 presidential election nears, internationalists are plotting their return. But they still haven’t learned from the failure of liberal universalism.

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