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A Symposium on Destin Jenkins’s The Bonds of Inequality: Debt and the Making of the American City
B. Highsmith, The Bondholders’ Veto: Fiscal Federalism and Local Democracy

September 9, 2021

B. Highsmith

Among many culprits behind this “conservative logic of financialization,” one stands out: the withdrawal of centralized fiscal transfers from higher levels of government. Without access to state and federal funds, cities became dependent on the market to meet even their most basic responsibilities.
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B. Highsmith, The Bondholders’ Veto: Fiscal Federalism and Local Democracy

A Symposium on Destin Jenkins’s The Bonds of Inequality: Debt and the Making of the American City
N. J. Ramos, The Myth of Fair Share/Equal Share Bond Projects

August 12, 2021

N. J. Ramos, Drexel University

Destin Jenkins’s focus on municipal bond financing in The Bonds of Inequality contributes to a growing field of literature demonstrating how monetary and financial policy play a significant role in reinforcing racial inequality.
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N. J. Ramos, The Myth of Fair Share/Equal Share Bond Projects

Spring 2021
R. Carrillo, Boots on the Rails: The National Security State, Racial Subordination, & the Myth of “Instrument Independence”

July 6, 2021

Raul Carillo, LPE Project & Yale Law School

Since at least the early 1990s, when discussing the administrative, operational, and technical properties of central bank independence (CBI), many economists, including former Federal Reserve Board (Board) Governor and MIT economist Laurence Mayer,
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R. Carrillo, Boots on the Rails: The National Security State, Racial Subordination, & the Myth of “Instrument Independence”

Current Scholarship
M. Glass & S. Vanatta, The Frail Bonds of Liberalism: Pensions, Schools, and the Unraveling of Fiscal Mutualism in Postwar New York

Michael R. Glass & Sean H. Vanatta

Between 1940 and 1965, state-level officials changed the relationship between two pillars of the postwar social contract: secure retirement and modern public schools.
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M. Glass & S. Vanatta, The Frail Bonds of Liberalism: Pensions, Schools, and the Unraveling of Fiscal Mutualism in Postwar New York

Current Scholarship
Who’s to Blame for Lost Silver and Gold? Laments of Financial Troubles in Spain 1588

Stephen Mayeaux

One of the first to catch my eye was a set of documents from the Cortes, the legislative body of Spain. Published in 1593, Acts of the “Cortes” held in the village of Madrid in the year 1588 gives us a look at matters the Cortes considered important enough to address. Among other interesting subjects, these documents show concern over the kingdom’s financial difficulties.
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Who’s to Blame for Lost Silver and Gold? Laments of Financial Troubles in Spain 1588

Current Scholarship
Criminals and Coins: Understanding 17th Century Spanish Economy through Counterfeit Currency

Nina Perdomo

This document is a highlight of the Herencia: Centuries of Spanish Legal Documents collection because it explores the case of Goyeneche, charged with counterfeiting Spanish coin, while allowing modern readers to gain insight into the economic status of Spain in the 1600s.
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Criminals and Coins: Understanding 17th Century Spanish Economy through Counterfeit Currency

Current Scholarship
Will the Growth of Uber Increase Economic Welfare?

Hubert Horan

The urban car service firm Uber is currently the most highly valued private startup company in the world, with a venture capital valuation of over $68 billion based on direct investment of over $13 billion from numerous prominent Silicon Valley investors. Uber’s investors are not merely seeking a share of a still-competitive urban car service industry, but are openly pursuing global industry dominance and its huge valuation is based on expectations that it will be successful.
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Will the Growth of Uber Increase Economic Welfare?

Current Scholarship
Modern Capitalism’s Multiple Pasts and Its Possible Future: The Rise of China, Climate Change, and Economic Transformation

R. Bin Wong

Few have pondered the possible relevance of the ideologies and institutions of political economies in different world regions before the modern era and how the spread of modern capitalism has shaped their contemporary approaches to the future.
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Modern Capitalism’s Multiple Pasts and Its Possible Future: The Rise of China, Climate Change, and Economic Transformation

Current Scholarship
The Student Debt Crisis is a Crisis of Non-Repayment

Marshall Steinbaum

Think of the student debt crisis as an overflowing bathtub. On the one hand, too much water is pouring in: more borrowers are taking on more debt. That is thanks to increased demand for higher education in the face of rising tuition, stagnant wages, diminishing job opportunities for those with less than a college degree, and the power of employers to dictate that would-be hires have the necessary training in advance. On the other hand, the drain is clogged and too little water is draining out: those who have taken on debt are increasingly unable to pay it off.
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The Student Debt Crisis is a Crisis of Non-Repayment

Current Scholarship
Inconsistent Definitions of Money and Currency in Financial Legislation as a Threat to Innovation and Sustainability

Leander Bindewald

External shocks, like the climate catastrophe or the COVID-19 pandemic, as well as intrinsic fallacies like the securitization of bad debt leading up to the financial crisis in 2008, point to the need for updating our monetary and financial systems.
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Inconsistent Definitions of Money and Currency in Financial Legislation as a Threat to Innovation and Sustainability

Current Scholarship
Written Testimony in a Senate Hearing on Building a Stronger Financial System: Opportunities of a Central Bank Digital Currency

Lev Menand

Written Testimony of Lev Menand for the hearing entitled "Building a Stronger Financial System: Opportunities for a Central Bank Digital Currency" before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Subcommittee on Economic Policy.
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Written Testimony in a Senate Hearing on Building a Stronger Financial System: Opportunities of a Central Bank Digital Currency