Jacob Soll is a professor of history and accounting at the University of Southern California. He has published several books including The Information Master and The Reckoning: Financial Accountability and the Rise and Fall of Nations. His most recen...
In 2008, when the housing bubble burst and US markets crashed, a recession ensued—not just in the United States, but also around the world. Why? The power of the US dollar. The 1944 Bretton Woods Conference created the International Monetary Fund (...
March 2023 was one of the worst months for the banking industry in recent memory, and while much of the media coverage has focused on the failure of Silicon Valley Bank (SVB) and Credit Suisse, this turmoil has obscured a smaller, more interesting st...
The core mission of venture capital (VC) is to fund incredible ideas, so that those ideas may one day become realities. In many ways venture capitalists (VCs) are the most benevolent agents of the financial system: They are the ones who most directly...
The core mission of venture capital (VC) is to fund incredible ideas, so that those ideas may one day become realities. In many ways venture capitalists (VCs) are the most benevolent agents of the financial system: They are the ones who most directly...
In 1989, UK Prime Minister Margaret Thatcher spoke to the UN General Assembly on a topic that, while seemingly pedantic at the time, was of grave concern to her and scientists around the world. “Change in the future is likely to be more fundamental...
In 1989, UK Prime Minister Margaret Thatcher spoke to the UN General Assembly on a topic that, while seemingly pedantic at the time, was of grave concern to her and scientists around the world. “Change in the future is likely to be more fundamental...
When President Joe Biden took office in 2021, he immediately sought to undo much of his predecessor’s agenda. Indeed, President Biden’s victory over former President Trump can be largely attributed to a deep desire among many Americans to sto...
When President Joe Biden took office in 2021, he immediately sought to undo much of his predecessor’s agenda. Indeed, President Biden’s victory over former President Trump can be largely attributed to a deep desire among many Americans to sto...
In this year of crises, the plight of the Ever Given was, without doubt, the most absurd. While attempting to cross the Suez Canal during high winds, the massive container ship was forced to travel at an unsafe speed and subsequently run aground. Nat...
In this year of crises, the plight of the Ever Given was, without doubt, the most absurd. While attempting to cross the Suez Canal during high winds, the massive container ship was forced to travel at an unsafe speed and subsequently run aground. Nat...
There’s a certain unfortunate cynicism to calling economic progressives and Presidents Joe Biden and Barack Obama “socialists.” Fiscal conservatives have lodged this accusation against Democrats for decades. This line was recently used by Danie...
There’s a certain unfortunate cynicism to calling economic progressives and Presidents Joe Biden and Barack Obama “socialists.” Fiscal conservatives have lodged this accusation against Democrats for decades. This line was recently used by Danie...
When it comes to fiscal policy, pundits love to talk about price tags. Whether discussing President Biden’s proposed “$3.5 trillion” reconciliation bill, or the “$1.9 trillion” American Rescue Plan, right-leaning political commentators, jou...
When it comes to fiscal policy, pundits love to talk about price tags. Whether discussing President Biden’s proposed “$3.5 trillion” reconciliation bill, or the “$1.9 trillion” American Rescue Plan, right-leaning political commentators, jou...
In March 2020, Congress overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to address the recession induced by the Covid-19 crisis. While several aspects of the CARES Act, such as stimulus checks, have ...
In March 2020, Congress overwhelmingly passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to address the recession induced by the Covid-19 crisis. While several aspects of the CARES Act, such as stimulus checks, have ...
The American economy is unique for many reasons – most notably, its failure to regulate education and healthcare. In both sectors, this has led to per capita spending that is far too high, and results that are significantly lower than those of our ...
The American economy is unique for many reasons – most notably, its failure to regulate education and healthcare. In both sectors, this has led to per capita spending that is far too high, and results that are significantly lower than those of our ...
A capitalist society gives up a lot in return for efficiency and cheap rates. In the food industry, the corporations that are able to produce and distribute quickly are often able to do so at a cheaper cost due to their ability to scale, but they sac...
A capitalist society gives up a lot in return for efficiency and cheap rates. In the food industry, the corporations that are able to produce and distribute quickly are often able to do so at a cheaper cost due to their ability to scale, but they sac...
The Covid-19 pandemic sent unemployment rates soaring around the world in early 2020, with rates in the United States hitting highs since data started to be collected in 1948. And while the entire world suffered, not everyone suffered proportionately...
The Covid-19 pandemic sent unemployment rates soaring around the world in early 2020, with rates in the United States hitting highs since data started to be collected in 1948. And while the entire world suffered, not everyone suffered proportionately...
Our imagination of the American middle class is far more a social construct than an economic fact. The middle-class ethos is often characterized by a steady stream of income, occupational stability, education, and family culture. Self-identifying as ...
Our imagination of the American middle class is far more a social construct than an economic fact. The middle-class ethos is often characterized by a steady stream of income, occupational stability, education, and family culture. Self-identifying as ...
Food waste is among the most significant – and overlooked – contributors to climate change today, accounting for about eight percent of greenhouse gas emissions worldwide. Indeed, if it were its own country, food waste would have the third l...
Food waste is among the most significant – and overlooked – contributors to climate change today, accounting for about eight percent of greenhouse gas emissions worldwide. Indeed, if it were its own country, food waste would have the third l...