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United States Capitol

America Is Headed Toward Collapse

How has America slid into its current age of discord? Why has our trust in institutions collapsed, and why have our democratic norms unraveled?
by Peter Turchin via The Atlantic on June 2, 2023
Senators Cory Booker and Chuck Grassley conversing.

How Washington Bargained Away Rural America

Every five years, the farm bill brings together Democrats and Republicans. The result is the continued corporatization of agriculture.
by Luke Goldstein via The American Prospect on May 24, 2023
American flag sign that reads "NWRO," "I support a guaranteed adequate income for all Americans"

Escape from the Market

Far from spelling the end of anti-market politics, basic income proposals are one place where it can and has flourished.
by Simon Torracinta via Boston Review on May 19, 2023
Bill Clinton in the background, another man in the foreground.

What the 1990s Did to America

The Law and Economics movement was one front in the decades-long advance of a revived free-market ideology that became the new American consensus.
by Henry M. J. Tonks via Public Books on May 17, 2023
The Federal Reserve building under ominous black clouds.

The Federal Reserve Exists to Protect The Economic Status Quo

What is the Federal Reserve, and who put it in charge? Is there no other way to fight inflation? Just what the hell is going on here?
by Rob Larson via Current Affairs on May 15, 2023
Milton Friedman (L) and James Tobin (R)

The Forgotten Case Against Milton Friedman

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation.
by Seth Ackerman, Thomas Palley via Jacobin on May 13, 2023
Migrants in line for U.S. Customs and Border Protection, barbed wire in the foreground.
partner

Biden’s Border Policies Target Haitians. That’s No Accident.

The long history undergirding our harsh bipartisan migration policies.
by Leslie M. Alexander via Made By History on May 11, 2023
Political cartoon of the Lincoln Administration, reading "Running the 'Machine'", 1864.

Blues, Grays & Greenbacks

How Lincoln's administration financed the Civil War and transformed the nation's decentralized economy into the global juggernaut of the postwar centuries.
by Nicholas Guyatt via New York Review of Books on May 4, 2023
The cover of the United Nations FAO-Unesco Soil Map of the World, 1974.

The Earth for Man

Redistributing land was once central to global development efforts—and it should be today.
by Jo Guldi via Boston Review on May 3, 2023
From left to right portraits of Ronald Reagan, George W. Bush and Donald Trump.
partner

The 40-Year Path that Left the GOP Unable to Balance the Budget

First, the GOP became the party of tax cuts and now it won't touch entitlements — which makes a balanced budget nearly impossible.
by Monica Prasad via Made By History on April 26, 2023
Jimmy Carter at a podium against the backdrop of an American flag.

Is Jimmy Carter Where Environmentalism Went Wrong?

Carter’s austerity was part of a bigger project. It didn’t really have much to do with environmentalism.
by Kate Aronoff via The New Republic on April 18, 2023
Luigi Einauldi, present of Italy in 1948, seated at his desk

The Dawn of Austerity

An interview with the author of "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism."
by Nick Serpe, Clara Mattei via Dissent on February 17, 2023
President Bill Clinton speaks about the North American Free Trade Agreement at a town hall meeting in 1993.

The Logic of Capitalist Accumulation Explains Neoliberalism

Gary Gerstle’s new book tackles important questions of the last century about democracy, economy, and war. But it fails to answer a basic question.
by Colin Gordon via Catalyst on February 6, 2023
Graph of tax rates on top marginal earned income vs. long term capital gains, 1918-2020.

Why Is Wealth White?

In the 20th century, a moral economy of “whites-only” wealth animated federal policies and programs that created the propertied white middle class.
by Julia Ott via Southern Cultures on January 30, 2023
Painting of soldiers on the front.

How They Paid for the War

In World War II, the US had a planned economy. Its principles were similar to MMT.
by Sam Levey via Strange Matters on January 27, 2023
Bill Clinton presenting the V-chip, 1996.

Cold Controls

“National security” and the history of US export controls.
by Ella Coon via Phenomenal World on January 18, 2023
The cover of "Sectionalism and American Political Development: 1880-1980"

Sectional Industrialization

Political scientist Richard Bensel explains the feedback loops between policy commitments of political elites and the regional distribution of political power.
by Justin H. Vassallo, Richard Franklin Bensel via Phenomenal World on January 7, 2023
1877 political cartoon of a skeleton descending on a railroad, reading "the rioters' railroad to ruin."

Strikers, Octopi, and Visible Hands: The Railroad and American Capitalism

The railroad company remains a site for Americans to grapple with key questions about the nature of American capitalism.
by Scott Huffard via Clio and the Contemporary on December 20, 2022
Donald Trump supporters storm the US Capitol on January 6, 2021.

The Failure of Reconstruction Is to Blame for the Weakness of American Democracy

A new book argues that the American right emerged out of a backlash to multiracial democracy following the Civil War.
by Matthew E. Stanley via Jacobin on December 8, 2022
Photograph of protesters and text from a 1944 edition of "Are You An American?"

The Failure of a Public Philosophy

How Americans lost faith in the possibility of self-government.
by Win McCormack via The New Republic on November 23, 2022
Former Federal Reserve Chairman Paul Volcker in front of a red arrow made of money pointing upwards.

The Messy True Story of the Last Time We Beat Inflation

The usual narrative about the "Volcker shock" leaves a lot out — and policymakers risk learning the wrong lessons.
by Alex Yablon via Vox on November 2, 2022
Illustration of Economists in Different Positions in the Government

May God Save Us From Economists

Over the last half-century, economics has infiltrated parts of the federal government where it has no business intruding.
by Timothy Noah via The New Republic on October 25, 2022
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.
by Andrew Donnelly via Public Books on September 20, 2022
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.
by Jeffrey Rogers Hummel via Reason on September 17, 2022
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."
by Thom Hartmann via HNN on September 11, 2022
Collage of various Republican faces and symbols.

The Long Unraveling of the Republican Party

Three books explore a history of fractious extremism that predates Donald Trump.
by Kim Phillips-Fein via The Atlantic on September 6, 2022
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.
by David Dayen, Lindsay Owens via The American Prospect on August 31, 2022
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.
by Paul Allin, Diane Coyle, Tim Jackson via The Conversation on August 18, 2022
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.
by Meg Jacobs via Made By History on August 9, 2022
FDR signing a bill into law.

On Economics And Democracy

High unemployment is extremely dangerous.
by Zachary D. Carter via In The Long Run on July 29, 2022
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