Graphic of money breaking the chains holding black hands.

There’s No Freedom Without Reparations

A movement to secure payments for descendants of enslaved people rages on.
Picture of a man mopping a gas station bathroom floor.

Believe It or Not, Gas Station Bathrooms Used to Be Squeaky Clean. Here's What Changed.

Spotless bathrooms used to be a crucial selling point for gas stations.
Chains with ivy on it

Endowed by Slavery

Harvard made headlines by announcing that it would devote $100 million to remedying “the harms of the university’s ties to slavery.”
Debt written on a blackboard
partner

How We All Got in Debt

Consumer debt shapes American lives so thoroughly that it seems eternal and immortal, but it’s actually relatively new to the financial world.
Images of European Immigrants arriving to America on Ellis Island.

The Myth of the Rapid Mobility of European Immigrants

Ran Abramitzky and Leah Boustan on the data illusion of the rags-to-riches stories.
A line of cars waiting their turn at a filling station in Portland, Oregon, 1973.

The Price of Oil

The history of control and decontrol in the oil market.
Curt Flood of the Saint Louis Cardinals, May 1966. Flood challenged Major League Baseball’s “reserve clause” barring players from changing teams.

A People’s History of Baseball

Communists fighting the color line. Baseball players resisting owners. Baseball's untold history of struggles against racial injustice and labor exploitation.
A cave in Kansas formerly used to store government cheese.

Why Did the U.S. Government Amass More Than a Billion Pounds of Cheese?

The long, strange saga of government cheese.
The Marriner S. Eccles Federal Reserve Board Building under construction.

“Supreme Court of Finance:” Democratic Legitimacy and the Development of the Federal Reserve System

What degree of legitimacy by voters does a public institution need in a democracy, and how much independence do experts in such an institution need to do their job?
Poster with women pledging to "pay not more than top legal prices" and "accept no rationed goods without giving up ration stamps"

Politics and the Price Level

On inflation, institutions, and the governance of the price level.
Reflection on glass of a bitcoin symbol and a downward trending stock market graph.
partner

Digital Currencies Are Repeating the Problems of 19th-Century Paper Money

History’s lessons for the volatile digital currency markets.
Empty shelves in a grocery store, specifically an aisle for infant formula products.
partner

Lessons From World War II Can Help us Navigate the Baby Formula Shortage

Children from poor families or with special formula needs are most at risk.
A 1948 color-coded map of Robeson County identifying racially segregated schools.

Financing Schools

On school funding and America’s kleptocratic public school divide.
Interior of car dealership.

Why Car Shopping is So Bizarre in the United States

The reasons have to do with the complexity of the transaction, but also with the industry’s explosive growth in its early years.
Henry Holt, a farmer near Black River Falls, Wisconsin, in 1937, who was moved off land by the Resettlement Administration.

How the Government Helped White Americans Steal Black Farmland

There was once a thriving Black middle class based on farm ownership. But during the twentieth century, the USDA helped erase that source of wealth.
Drawings of protest sign reading "Workers of the world unite" with an asterisk, and another smaller one reading "Not You."

Redefining the Working Class

The diminished status of the non-white working class is not a matter of accident, but of design.
Cover for a book of scrip for use at American Potash and Chemical’s company stores, 1937.

Greenbacks, Chits, and Scrip

Alternative currencies flourish in desperate times and situations.
Illustration of W.E.B DuBois

W.E.B. Du Bois’s Abolition Democracy

The enduring legacy and capacious vision of "Black Reconstruction."
Crowd at Black Flag concert

The Unraveling of SST Records

Jim Ruland’s book on the legendary punk label helps explain why we lack a meaningful counterculture today.
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.
John D. Rockefeller Jr., right, was the country's biggest taxpayer in 1923, when public disclosure of tax payments was required by law. President Calvin Coolidge, left, pushed Congress to repeal the disclosure law in 1926. This photo was taken in 1925.

Americans’ Taxes Used To Be Public — Until the Rich Revolted

Thanks to the efforts of wealthy taxpayers, the "big reveal" of the 1920s was extremely short-lived.
Oil refinery

How Polluting Industries Mobilized to Block Climate Action

Since its inception, the IPCC itself has been the target of corporate obstructionism.
Men engaged in the various stages of making glass bottles in London, 1888.

Workers Have Been Fighting Automation Ever Since Capitalism Began

Automation didn’t start in the age of robots and microchips, but can be traced back to the late 19th century glass industry and its skilled glass workers.
Collage of the U.S. Capitol, a factory, and the earth, connected by coins and price tag stickers.

How the Oil Industry Cast Climate Policy as an Economic Burden

For 30 years, the debate has largely ignored the soaring costs of inaction.
Workers working on ruins after the US Civil War, circa 1865.

The Abolitionist Legacy of the Civil War Belongs to the Left

The US Civil War was a revolutionary upheaval that crushed slavery and stoked hopes of a broader emancipation against the rule of property.
Robot with group of people at poker table

The Automation Myth

To what degree can we blame automation for deindustrialization and class decomposition?
Members of the Amazon Labor Union celebrating

How Did Amazon Workers Go Against a Rich Corporation and Win? Look Back 100 Years.

We don’t need to overanalyze it. It came down to genuine solidarity that the Amazon Labor Union organizing committee built among themselves and their co-workers.
Painting of people on a fishing boat

A Cosmic Lie

A conversation about "Davos Man: How the Billionaires Devoured the World."
Painting of duel between Charles de Lameth and the Marquis de Castries.
partner

A Slap, Followed by a Duel

Dueling was a dangerous, ritualized response to a real (or perceived) slight. It may also have been a means of proving one's social and economic capital.
Max Scherzer, a member of the MLBPA bargaining committee, throws a pitch on March 21, 2022.

Baseball's Labor Wars

MLB owners’ recent lockout was an effort to reverse the gains that players had won over decades of labor struggle. The owners failed.