Graduation cap on pile of money
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Policymakers Created the Student Loan Industry — and The Debt Crisis

While they never intended for more than 45 million Americans to have this much debt, policymakers in the 1960s made fateful choices.
Two hooded KKK members

The Ku Klux Klan Was Also a Bosses’ Association

The KKK violently resisted the revolutionary gains of the Civil War and Reconstruction, and sought to keep the black masses toiling in submission.
Chemical plant worker

Where Would We Be Without the New Deal?

A new history charts the forgotten ways the social politics of the Roosevelt years transformed the United States.
Tommie Smith holding shoe
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Amateurism, Sneaker Money, and the Forgotten Protest of the 1968 Games

One of the most audacious examples of product placement at the Olympics was staged by John Carlos and Tommie Smith.
Truman in car with dollar signs on eyes.

The Truman Show

How the 33rd president finagled his way to a post–White House fortune — and created a damaging precedent.

The US Tax Code Should Not Allow Billionaires to Exist

The recent ProPublica exposé shows we need to attack the wealth and power of the rich — and that means massively increasing taxes on them.
Map of Pittsburgh Coal Company rate schedules

Coalminers and Coordination Rights

In the two decades before the Hepburn Act’s enactment, two entities vied for the right to coordinate the price and distribution of coal.

The Five-Day Workweek is Dead

It’s time for something better.
Picture of a parent holding a child in a run-down room

The US Hasn't Changed How it Measures Who's Poor Since LBJ Began His War

Newer measures of poverty may do a better job of counting America's poor, which is necessary to helping them.
Rural Electrification Administration (REA) erects telephone lines in rural areas.

The Legacy of the Rural Electrification Act and the Promise of Rural Broadband

The history of rural electrification demonstrates why vital public utilities cannot be left to the machinations of the market.
Picture of Richard Nixon from National Archive.

The Day That Richard Nixon Changed U.S. Economic Policy Forever

Fifty years ago, in response to rising inflation, he rejected several long-standing practices. His Keynesian turn holds lessons for today’s economy.
Three drawings of the Veiled Prophet, a figure in robes and a pointed hat, holding a staff and a pistol.

The End of the Veiled Prophet

After over a century, the unelected mascot of St. Louis is finally losing its place in public life.

Redlining, Race, and the Color of Money

Long after the end of explicit discrimination in the housing market, the federal government continued to manage risk for capital, perpetuating inequality.
Newspaper headline stating "Mrs. Sarah Corleto to become nurse"

How an Embalming License Freed Sarah Corleto from an Abusive Husband

She used her work to live an autonomous life in a time when women were often trapped by socially constructed gender roles and systematic oppression.
Restaurant with 'Help Wanted' sign
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‘Help Wanted’ Signs Indicate Lack of Decent Job Offers, Not People Unwilling to Work

The 19th-century antecedent to today’s complaints of labor shortage.
shelves full of old medicine bottles

The US Drug Industry Used to Oppose Patents – What Changed?

Patent medicine used to be associated with fraud and profiteering. What shifted the industry's positions on medical ethics and intellectual property?

The Hidden Stakes of the Infrastructure Wars

The fight over the American Jobs Plan reflects a long history of competing visions of public works—and, most of all, who should benefit from rebuilding.
Cover page of the August 1957 issue of Nation's Business, featuring a clamp tightening in on dollar signs.

Preferred Shares

Treasury Secretary Janet Yellen said America faces an economic crisis fifty years in the making. But how can we name the long crisis, much less explain it?
A map marking The Bahamas with a pin of its flag.

In the 1930s, the Bahamas Became a Tax Problem for Treasury

When struggling with tax enforcement, rich countries have long tried to shift blame to poor countries.
Collage-style design of Milton Friedman and his work

The End of Friedmanomics

The famed economist’s theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin.
Women heating a kettle on a gas stove

How the Fossil Fuel Industry Convinced Americans to Love Gas Stoves

And why they’re scared we might break up with their favorite appliance.
Photo of economist Albert Hisrchman surrounded by abstract drawings

We Don't Know, But Let's Try It

For economist Albert Hirschman, social planning meant creative experimentation rather than theoretical certainty.
President Truman with Sadie Alexander and the Committee on Civil Rights.
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The Ideas of the First Black Economics PhD Offer Solutions to Our Problems Today

Full employment could solve job discrimination and inadequate wages.
A promotional postcard for Prudential Insurance Company of America, c. 1958

Our Insurance Dystopia

Private insurance companies have long dominated the provision of social security in the United States, but resistance is growing.
Auto workers on strike outside a General Motors plant in Detroit, September 1970.

When Americans Took to the Streets Over Inflation

In the 60s and 70s, spiraling prices for staples like meat and gasoline wreaked havoc on the U.S. economy, thanks to political and policy mistakes.
Image of 1896 $1 silver certificate.

Can the 'Tubman Twenty' Help Bring Americans Together?

The new note comes 125 years after the free silver movement tried—and failed—to use currency to forge a national identity.
Newsies smoking at Skeeter's Branch.

Lewis Hine, Photographer of the American Working Class

Lewis Hine captured the misery, dignity, and occasional bursts of solidarity within US working-class life in the early twentieth century.
Mitch McConnell
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The Fissure Between Republicans and Business is Less Surprising Than it Seems

Business groups have always worked with both parties to support globalization and free trade.

It’s Time to Break Up the Ivy League Cartel

Democracy requires something more than a handful of super-rich universities.
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?