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The Education of David Stockman

"None of us really understands what's going on with all these numbers."
A magnifying glass on C. Wright Mills's book "The Power Elite."

Whatever Happened to the Power Elite?

The trio of interests atop business, military, and government depicted in C. Wright Mills’s postwar critique is no longer united in setting the national agenda.
Henry Carey
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The 19th Century Thinker Who Touted Tariffs

Trump is not alone in his support for tariffs. Henry Carey also believed tariffs could help American workers.
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Tax Season and the Making of the American Fiscal State

As Americans file their taxes this tax season, the Trump administration threatens to unravel the modern fiscal state.
Franklin Delano Roosevelt

Franklin D. Roosevelt, Free Trader

A little understood part of the New Deal.
Herbert Spencer

The Man Who Believed in Nothing - Part II

Spencerism in America.

The Historical Roots of Donald Trump’s Aggressive Nationalism

What the President’s confrontations with Panama, Greenland, Canada, and Colombia suggest about his expansionist vision.
Jimmy Carter speaking in front of a row of solar panels.

Energy Is Central to American Politics. That All Started with Jimmy Carter.

We have yet to solve the problems that Carter confronted head-on as president.
The edges of two credit cards, prominently displaying the MasterCard and Visa logos.

Our Plastic Obsession

The story of credit cards is the story of industry versus regulators. Industry won.
Photo contact sheet from Ronald Reagan speech on Nicaragua in 1986.
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Letting the World Scream

The U.S., Nicaragua, and the International Court of Justice in the 1980s.
Barack Obama and Chinese president Xi Jinxing looking away from each other.

The Bipartisan Origins of the New Cold War

Starting with Obama, American presidents embraced the idea of arresting China’s rise, opening the door to Trump’s trade wars and hawkishness.
Statue of Jefferson Davis next to other leaders in Statuary Hall in the Capitol.

Many Wealthy Members of Congress are Descendants of Rich Slaveholders

Researchers measured lawmakers’ wealth and found that those whose Southern ancestors owned slaves before abolition have a higher net worth today.
Democratic donkey necktie.

The Consultants Who Lost Democrats the Working Class

The rivalry of two men tells the story of how Democrats fumbled with their traditional base—and how they can win again.
An aerial view of a forest meeting with a burnt, empty landscape.

Does the U.S. Have a Fire Problem?

Forest fires of 1910 sparked a media-driven fire exclusion policy, which has arguably worsened today's "fire problem."
Charles Gates Dawes.
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History Shows How Dangerous 'America First' Really Is

In the 1920s and 1930s, the U.S. tried America First. This philosophy helped lead to World War II.
A scale measuring the weight of gold flakes; with a quill, wax seals, lace, and jewelry.

Where Inflation Comes From

How we calculate inflation has always been a subject of debate. Small changes that might seem trivial lead to enormous changes in how well-off we think we are.
Biden's hand waving goodbye as he gets into a car.

The Democrats’ Crisis Isn’t Over

Biden’s withdrawal won’t solve all of Democrats’ problems — but it gives them a chance.
An 1863 illustration from “Le Monde illustré” of formerly enslaved people celebrating the Emancipation Proclamation.

What If Reconstruction Didn’t End Till 1920?

Historian Manisha Sinha argues that the Second Republic lasted decades longer than most histories state and achieved wider gains.
A West Village, New York pizza restaurant.

What Should Econ 101 Courses Teach Students Today?

Why introductory economics courses continued to teach zombie ideas from before economics became an empirical discipline.
Soy plantation fields.

Hating the Heartland

Do Americans in rural places really “marinate in a sense of loss and perpetual disappointment”?
Ronald Reagan campaigns in Houston ahead of the Republican Convention in 1976.
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How Abortion Took Over the Republican Party

Ronald Reagan proved instrumental to Southerners bringing their cultural conservatism to center stage for the Republican Party.
Depositors of a failed bank hold a protest during the Great Depression.

A Decisive Influence: The American Public’s Role in Financial Regulation

The history of grassroots banking politics has been overlooked — and even denied.
Book cover; painting of Founding Fathers sitting around a table

The Continental Dollar: How the American Revolution Was Financed with Paper Money

Economists and historians have been telling us the wrong story about Continental currency for two centuries.
Rep. David McKinley (R-WV) tries unsuccessfully to hail a taxi as cabbies stage a rolling protest against app-based ride-hailing services.

Uber and the Impoverished Public Expectations of the 2010s

A new book shows that Uber was a symbol of a neoliberal philosophy that neglected public funding and regulation in favor of rule by private corporations.
Mirror images of General James Longstreet.

How a Die-Hard Confederate General Became a Civil Rights–Supporting Republican

James Longstreet became an apostate for supporting black civil rights during Reconstruction.

Hamilton’s System

Who is the father of American capitalism?
Photo of college graduates throwing their caps in the air.

Borrowed to the Hilt

President Biden’s SAVE plan isn’t going to rescue the tens of millions of Americans that together owe more than $1.7 trillion.
Engraving of "We the People," in which the words "We" and "the" are painted over.

How Do We Survive the Constitution?

In “Tyranny of the Minority,” Steven Levitsky and Daniel Ziblatt argue that the document has doomed our politics. But it can also save them.
Recently freed African Americans receive rations.

The Origins of the Socialist Slur

Reconstruction-era opponents of racial equality popularized the charge that protecting civil rights would amount to the end of capitalism.
Theodore Roosevelt and Henry Cabot Lodge.

“One of the Greatest in US History”: The Friendship Between Theodore Roosevelt and Henry Cabot Lodge

The relationship between two true believers in American exceptionalism.

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