Economy Archives - Public Seminar

Democracy

A Republic, If We Can Afford It

Our Republic depends on both economic stability and civic participation

November 6, 2025 • by Larry Schwartz

When the Constitutional Convention of 1787 ended, Benjamin Franklin was asked what form of government the delegates had created. His reply—“A republic, if you can keep it”—was no mere quip from an aging sage. It was a warning that republics are fragile, rare, and never self-sustaining. What Franklin implied was that ...

New York City

What Makes Cities Go BANANA?

On zoning, New York City’s housing crisis, and Abundance

November 4, 2025 • by Achilles Kallergis

The nearly hundred-year-old Holland Tunnel, the first mechanically ventilated underwater vehicular tunnel, opened in 1927 after just seven years of work. By contrast, the humble subway station elevators unveiled in Williamsburg, Brooklyn, in 2020 took three years and approximately $80 million to realize. (The MTA, sensing commuter suspicion, even made ...

Economy

Panama Against Trump

A country’s fate hangs in the balance as protestors take to the streets

October 13, 2025 • by Nolan Young

As Donald Trump prepared to take office in late 2024, the American president-elect issued a stunning threat: to “take back” the Panama Canal, almost a quarter century after the United States had returned control of the canal and the zone around it to the sovereign state of Panama. Once in office, ...

Migration

Immigration Is Imperative

Without migrants, the US would be in dire economic straits

September 25, 2025 • by Purushottam Bhandare and Katerina Canyon

Donald Trump's accusation, in the 2024 presidential debate, that Haitian immigrants in Ohio were "eating pets" may have quickly proven false, but it still led to sweeping policy action. Soon after Trump was inaugurated, the administration abruptly terminated the Cuban, Haitian, Nicaraguan, and Venezuelan (CHNV) humanitarian parole programs, pulling the ...

Economy

Trump vs. the Fed

Or how history is forcing the question of a democratic politics of central banking

August 27, 2025 • by Adam Tooze

Donald Trump’s move to fire Fed Governor Lisa Cook “for cause,” escalates his long-running battle with America’s central bank. The news has triggered outrage. In the pages of the FT, David Wessel, director of the Hutchins Center for Fiscal and Monetary Policy at the Brookings Institution, warned: “President Trump seems determined to ...

North America

Elon Musk’s Cruel Moral Sentiments

What the world’s richest man has yet to learn from his study of the Bible

April 3, 2025 • by David Lay Williams

Elon Musk may or may not be “the world’s richest man” these days, depending on the wildly fluctuating value of his Tesla car company, a target for those protesting Musk’s “move fast, break stuff” approach to downsizing the federal bureaucracy through the so-called Department of Government Efficiency (DOGE). Musk’s savage cuts ...

Capitalism

Biden’s Green Protectionism

Behind rhetoric about jobs and green energy is a bid for a $650 billion industry

September 16, 2024 • by Yannis Bougiatiotis

Domestic economic commentators tend to describe Biden’s Inflation Reduction Act (IRA) and the rise of American green industrial policy along three lines. Lawrence Summers, former United States secretary of the treasury under Clinton, has criticized Biden’s protectionist policies as a “manufacturing-centered economic nationalism.” Nobel laureate Paul Krugman has supported Biden’s ...

Economy

Home Ownership and the History of Mortgages

Episode 402

November 28, 2023 • by Nicole Hemmer, Natalia Mehlman Petrzela and Neil J. Young

In this episode of Past Present, Niki, Natalia, and Neil discuss Americans’ attachment to the thirty-year mortgage...

Home Ownership and the History of Mortgages

Europe & Central Asia

There’s Nothing Natural about Turkey’s Earthquake Disaster

Erdoğan’s AKP failed to plan for a catastrophe—but did create a strategy to use this catastrophe to stay in power

February 16, 2023 • by Utku Balaban

The current crisis in Turkey is not a natural disaster but a political one. We knew that a massive earthquake would hit southeastern Turkey. For many years, several geologists have not only specified where the fault line would most likely break but also which individual settlements the ensuing earthquake would ...

There’s Nothing Natural about Turkey’s Earthquake Disaster

Politics

What You Don’t Know Can’t TIF You

Pretend something isn’t a problem and it goes away, right?

September 29, 2022 • by Pat Garofalo

TIFs date back to the 1950s, and every state except Arizona has them in one form or another. There are thousands upon thousands of TIF districts all across the country. Chances are decent you’ve heard about one in your local area....

Corporations

Seriously, What’s the Matter With Kansas?

The new Panasonic and Kansas deal could result in low-pay and no-benefit jobs

August 2, 2022 • by Pat Garofalo

But in any deal, and particularly one of this size, at a bare minimum lawmakers should demand concrete promises on jobs and pay, not vague totals and hopes and prayers that a corporation will hire workers rather than automate its processes. Panasonic could absolutely hit its payroll total with a ...

Seriously, What’s the Matter With Kansas?

Technology

The Chip Wars Heat Up

Chips with a side of CHIPS

February 7, 2022 • by Pat Garofalo

"...there’s something much bigger at work here: The Chip Wars, as I’ve dubbed them, are heating up, and revealing some of the tensions between national needs and extraction from local communities."...