Joshua Greenberg on the Rage for Paper Money and Monetary Knowledge in Early America

Joshua Greenberg on the Rage for Paper Money and Monetary Knowledge in Early America

For many Americans, the question--What is a dollar worth?--may sound bizarre, if not redundant. Fluctuating international exchange rates, highly volatile crypto-currencies, counterfeit money, these are all things the average American hears about on the news, but rarely thinks about on a day-to-day basis. Even the most enthusiastic Bitcoin supporters will likely readily admit they prefer to conduct the majority of their daily transactions in a currency whose value is relatively stable, and backed by the government. And while fewer and fewer of those transactions take place using actual paper money, the fact is, the U.S. dollar remains the primary currency in which goods are quoted, traded, and payments settled across not only in the United States, but around the globe.

This was not the case two-hundred years ago when Americans were obliged to live and transact in a world filled with upwards of 10,000 unique bank notes tied to different banks of various trustworthiness. This number does not even include the plethora of counterfeit bills and countless shinplasters issued by un-regulated merchants, firms, and municipalities. In this month’s episode, our guest, Joshua Greenberg explains the incredible amount of monetary knowledge required of Americans to participate in this highly volatile and chaotic market economy. An extensive monetary knowledge was necessary not just for financiers, merchants, and others operating at a high-level of economic activity, but also those who may never have had the occasion to step foot inside a bank themselves, but, nevertheless were compelled to constantly evaluate for themselves the value and authenticity of the paper money being handed to them or risk losing out.

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Lane Windham on Union Organizing in the 1970s

Lane Windham on Union Organizing in the 1970s

Since the most recent election, we’ve heard a lot of news about the so-called working class. But all too often, this term seems to refer to white men instead of the diverse group of people who actually comprise the working class. Similarly, in the years since the 2008 recession, more and more attention has been given economic inequality that has grown ever larger over the past few decades. On today’s show, we speak with Lane Windham about union organizing in the 1970s and how these efforts reveal necessary context to understanding the many struggles of the actual working class, and what this history can reveal about the growth of economic inequality since the 1970s.   Lane Windham is Associate Director of Georgetown University's Kalmanovitz Initiative for Labor and the Working Poor and co-director of WILL Empower (Women Innovating Labor Leadership). She is the author of Knocking on Labor’s Door: Union Organizing in the 1970s and the Roots of a New Economic Divide.

2 Nov 201748min

Josh Davis on Activist Business in the 1960s and 1970s

Josh Davis on Activist Business in the 1960s and 1970s

Before Amazon bought Whole Foods, the shopping chain got its start as an activist business more focused on politics than profits. Join us to discuss the rise and fall of activist small business in last third of the twentieth century.

3 Okt 201742min

Steve James on Abacus Bank

Steve James on Abacus Bank

It has become well known that none of those most responsible for the 2008 recession have faced significant prosecutions or gone to prison for their actions. But one bank did face a severe prosecution in the wake of the recession. On today’s show, we speak to Steve James, the director of a new film about Abacus bank—a small bank that serves New York’s Chinatown community, and how they found themselves facing a harsh prosecution, and how they fought back.

1 Sep 201731min

Emily Hobson on the Gay and Lesbian Left

Emily Hobson on the Gay and Lesbian Left

We often talk about "economic conservatism" and "social conservatism," as if they're entirely divorced topics. Emily Hobson tells us about gay and lesbian activists from the 1960s through the 1990s who understood sexuality and anti-capitalism to be inextricably linked.

1 Aug 201748min

Nancy MacLean on the Radical Right and James Buchanan

Nancy MacLean on the Radical Right and James Buchanan

In Nancy MacLean’s new book—Democracy in Chains—she unveils a long history of efforts by right-wing officials and intellectuals to undermine democracy. She foregrounds the importance of the economist James Buchanan to this story. She shows us the historical context of how Buchanan came to be a key intellectual for those opposing school desegregation, unionization of workers, and much more.   Nancy MacLean is the William Chafe Professor of History and Public Policy at Duke University and the award-winning author of Behind the Mask of Chivalry and Freedom is Not Enough.

4 Juli 20171h 6min

Kim Phillips-Fein on the Fiscal Crisis and Austerity Politics in New York City

Kim Phillips-Fein on the Fiscal Crisis and Austerity Politics in New York City

Why do budgetary crises tend to lead to politicians and business leaders calling for governments to tighten their purse strings? How can we understand austerity as politics, not just common business sense? This week, we welcome back Kim Phillips-Fein to discuss her new book, Fear City, on the fiscal crisis in New York City in the 1970s.

1 Juni 201738min

Geoff Mann on the Keynesian Sensibility in a World of Ecological and Economic Inequality

Geoff Mann on the Keynesian Sensibility in a World of Ecological and Economic Inequality

The name John Maynard Keynes is an important one in the history of economic thought. Keynes’s ideas became popular between during the interwar period, between World War I and II, as many sought to navigate the tumult of social and political upheaval elicited by World War I and the Great Depression. But our guest today, traces a longer tradition of a Keynesian sensibility—characterized by the need to maintain society—that goes back more than 100 years before this period to the French Revolution. We speak to Geoff Mann about his new book, that considers what this Keynesian sensibility might be able to tell us about our current moment, the rise of Donald Trump, and the potential for revolutionary struggles. Geoff also wants us to understand the importance for Keynesian thinking for the dual crises afflicting so many today: economic inequality and climate change.   Geoff Mann is Director of the Centre for Global Political Economy, Simon Fraser University. He is the author of Disassembly Required: A Field Guide to Actually Existing Capitalism and Our Daily Bread: Wages, Workers and the Political Economy of the American West, and In the Long Run We Are All Dead: Keynesianism, Political Economy, and Revolution.

1 Maj 201753min

Jennifer Haigh on Fiction and Fracking

Jennifer Haigh on Fiction and Fracking

In our first interview with a novelist, we speak with Jennifer Haigh about Heat & Light, her novel about fracking in rural Pennsylvania.

1 Apr 201741min

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