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The Real History of Race and the New Deal

Material benefits trumped FDR's terrible civil rights records.
by Matthew Yglesias via Slow Boring on December 11, 2020

From Keynes to the Keynesians

Socialised investment and the spectre of full employment.
by Tim Barker via Verso on December 4, 2020
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.
by Stephen Campbell via The Economic Historian on November 12, 2020
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.
by Noam Maggor, Anton Jäger via Phenomenal World on October 1, 2020
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.
by Ryan Grim via The Intercept on August 4, 2020

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.
by Lawrence B. Glickman via Washington Post on August 3, 2020

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.
by Adam Tooze via London Review of Books on July 22, 2020
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.
by Christopher W. Shaw via Made By History on July 21, 2020
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.
by George Selgin via Alt-M on June 12, 2020

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.
by Noah Smith via Bloomberg on May 15, 2020

Daniel Webster, Yankee National Conservative

What 'the forgotten man of American conservatism' has to say about current debates on the right.
by Joseph S. Laughon via The American Conservative on May 12, 2020
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.
by Sergio Correia, Stephan Luck, Emil Verner via The Economic Historian on May 12, 2020
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.
by Destin Jenkins via Made By History on April 27, 2020

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.
by Michael S. Rosenwald via Retropolis on April 18, 2020
partner

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

While assisting businesses, Congress must also continue to help consumers.
by Stephen Leccese via Made By History on March 26, 2020
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.
by Nicholas Mulder via Foreign Policy on March 26, 2020

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.
by Marshall Steinbaum via Boston Review on March 25, 2020

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.
by Tim Barker via Dissent on March 10, 2020
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.
by Roger Backhouse via Aeon on February 10, 2020

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.
by Branko Marcetic via Jacobin on January 29, 2020

The New China Scare

Why America shouldn’t panic about its latest challenger.
by Fareed Zakaria via Foreign Affairs on December 9, 2019
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.
by Robert Manduca via Boston Review on December 6, 2019

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

Matt Stoller charts the shifts in American attitudes toward corporate consolidation.
by Kyle Sammin via National Review on October 15, 2019

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.
by Adrian Chen via The Nation on October 14, 2019
Alan Greenspan holding his right hand up to speak under oath, with an eagle seal on the wall behind him.

When Alan Met Ayn: "Atlas Shrugged" and Our Tanked Economy

We owe at least part of the 2008 financial crisis to Ayn Rand's philosophy of objectivism.
by Maria Bustillos via Popula on October 11, 2019

Grover Cleveland and the Democrats Who Saved Conservatism

They stood against Tammany Hall, the centralized presidency, and profligate spending. Today's Right should give them another look.
by Daniel Bring via The American Conservative on August 28, 2019

The Myth of the Welfare Queen

The right turned Linda Taylor into a bogeyman. But her real life was much more complicated.
by Bryce Covert via The New Republic on July 2, 2019

Fear and Loathing of the Green New Deal

What the backlash to the emergency legislation reveals about the age-old pathologies of the right.
by Kim Phillips-Fein via The New Republic on May 29, 2019

The American Revolution’s Starving, Barefoot, Heroic Troops

Our young nation was very poor, the war was very expensive, and Congress and the states wanted everyone else to pay.
by Jay Cost via National Review on May 27, 2019

Fiscal Fright in NYC

A review of Kim Phillips-Fein’s "Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics."
by Michael R. Glass via The Metropole on May 15, 2019
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