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Herbert Hoover in January 1933

Herbert Hoover Did Something Donald Trump is Unwilling to Do

While Herbert Hoover was deeply critical of his successor, he put aside his differences to ensure the peaceful and democratic transition of power.
A composite photograph of South Carolina's majority-black legislature created and circulated by opponents of Reconstruction

The Austerity Politics of White Supremacy

Since the end of the Confederacy, the cult of the “taxpayer” has provided a socially acceptable veneer for racist attacks on democracy.
Black and white photo of a girl sitting with a baby carriage and dollhouse

The US Government Can Provide Universal Childcare — It’s Done So in the Past

There’s no reason we can’t have universal childcare that’s wildly popular and provides high-quality care — in fact, during World War II, we did.

Footing the COVID-19 Bill: Economic Case for Tax Hike on Wealthy

There is a strong economic case for raising taxes on the rich to help repair public finances following the pandemic.
Alexander Hamilton on the ten dollar bill

What We Still Get Wrong About Alexander Hamilton

Far from a partisan for free markets, the Founding Father insisted on the need for economic planning. We need more of that vision today.
Freight train traveling through grasslands.

Forty Years After Surface Freight Deregulation

The regulatory reforms of the railroad and trucking industries are models for evidence-based, bipartisan policymaking.

The Real History of Race and the New Deal

Material benefits trumped FDR's terrible civil rights records.

From Keynes to the Keynesians

Socialised investment and the spectre of full employment.
A political cartoon of the panic, depicting mobs, drunkards, and class struggles.

Panic of 1837

The panic of 1837 was a financial crisis in the United States that triggered a multi-year economic depression.
1912 political cartoon of the Aldrich Plan depicted as an octopus with tentacles on a bank, a factory, and a farm while spitting coins into the NYSC.

A Popular History of the Fed

On Populist programs and democratic central banking.
A pen and ink portrait of Alexander Hamilton as Treasury Secretary.

A New Hamilton Book Looks to Reclaim His Vision for the Left

In “Radical Hamilton,” Christian Parenti argues that the left should use Alexander Hamilton’s mythologized status to drive home his full agenda.

Stop Worrying About Protecting ‘Taxpayers.’ That Isn’t the Government’s Job.

Republicans are replacing the public good with a far narrower definition of it.

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.
Joe Biden and Bernie Sanders
partner

Postal Banking is Making a Comeback. Here’s How to Ensure it Becomes a Reality.

Grass-roots pressure will be key to turning the idea into reality.
A political cartoon

The New Deal and Recovery

In the series of posts to follow, I hope to introduce my readers to evidence casting doubt on the view that New Deal programs ended the Great Depression.

FDR’s New Deal Worked. We Need Another One.

Claims that the programs adopted in the 1930s lengthened the Great Depression don’t hold up.

Daniel Webster, Yankee National Conservative

What 'the forgotten man of American conservatism' has to say about current debates on the right.
Federal Reserve building.
partner

The Fed Could Undo Decades of Damage to Cities. Here’s How.

The bond market has fueled vast inequities between cities and suburbs — especially in smaller locales.

The Nation’s First Unemployment Check — $15 — and the Love Story that Led to It

During the Great Depression, the daughter of the first Jewish Supreme Court justice and the son of a prominent Christian theologian changed America.
Nurses in masks carry a patient on a stretcher to an ambulance.

Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu

We examine the 1918 flu to understand whether social distancing has economic costs or if slowing the spread of the pandemic reduced economic severity.
partner

To Be Effective, The Covid-19 Relief Bill Must Spark Consumer Spending

While assisting businesses, Congress must also continue to help consumers.
Propaganda poster from World War II showing a gloved hand holding a wrench and reading "America's answer!".

The Coronavirus War Economy Will Change the World

When societies shift their economies to a war footing, it doesn’t just help them survive a crisis—it alters them forever.

Thomas Piketty Takes On the Ideology of Inequality

In his sweeping new history, the economist systematically demolishes the conceit that extreme inequality is our destiny, rather than our choice.

It Doesn't Have to Be a War

The Trump administration appears ready to invoke the Defense Production Act to speed manufacture of essential goods like face masks.
Several stores in a 20th century shopping mall

Paul Samuelson Brought Mathematical Economics to the Masses

Paul Samuelson’s mathematical brilliance changed economics, but it was his popular touch that made him a household name.

Joe Biden Tried to Cut Social Security, Medicaid, and Medicare for 40 Years

Joe Biden was once a New Deal Democrat. Then he “evolved” and starting backing decades of Republican plans to cut Medicare and Social Security.

The New China Scare

Why America shouldn’t panic about its latest challenger.
Cartoon of people at a crossroad, with one direction pointing to "prosperity" and the other to "depression"

Selling Keynesianism

Today, we can learn a lot from the popularizing efforts that led to that consensus that Keynesianism leads to and long-lasting economic success.

Amid a Revival of Anti-Monopoly Sentiment, a New Book Traces Its History

Matt Stoller charts the shifts in American attitudes toward corporate consolidation.

How Silicon Valley Broke the Economy

The question of how to fix the tech industry is now inseparable from the question of how to fix late 20th century capitalism.

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