Public History

Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for over 30 years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last 50 years - writing about personalities as much as policy - based on his knowledge and observations of every Fed chairman since 1951.

The crash of a U.S. reconnaissance plane into the Colombian jungle on February 13, 2003, set off a series of events that, five years later, would bring three South American countries on a collision course toward war, pit a giant government contractor against its employer - the U.S. government - and catapult a 40-year-old guerrilla army to the international stage as one of the most active and successful terrorist organizations in the world.

The public hearings in the summer and fall of 2022 about the tragic events of January 6, 2021 (J6) were the prosecution presenting its case against Donald J. Trump. But he was not afforded a defense. This book provides that defense. Do not miss how dangerous this precedent was. What if this were you? How would you like it if primetime hearings were held prosecuting you, aired on all major networks, but without you ever being able to present a defense on such a grand scale? But this book presents the other side, so the listener can make an informed decision about J6 and Trumps role in it.

"Give me liberty," demanded Patrick Henry, "or give me death!" Henry's words continue to echo in American history, and that quote, and the speech it comes from, remains one of the two or three known to almost every American. The other speeches that have become part of our American collective consciousness all have one theme in common: liberty.

In the 1930s, battered and humbled by the Great Depression, the US financial sector struck a grand bargain with the federal government. Bankers gained a safety net in exchange for certain curbs on their freedom: transparency rules, record-keeping and anti-fraud measures, and fiduciary responsibilities. By the free-market era of the 1980s and 90s, however, Wall Street argued that rules embodied in New Deal-era regulations to protect consumers and ultimately taxpayers were no longer needed - and government agreed.

In the 25 years after 1989, the world enjoyed the deepest peace in history. In The Rise and Fall of Peace on Earth, the eminent foreign policy scholar Michael Mandelbaum examines that remarkable quarter century, describing how and why the peace was established and then fell apart. Mandelbaum argues that the widespread peace ended because three major countries put an end to it with aggressive nationalist policies aimed at overturning the prevailing political arrangements in their respective regions.

The Illicit Global Economy: What Everyone Needs to Know® answers the key questions about how illicit global markets are structured and operate, how they intersect with state institutions and practices, how they interact with the legal economy, and how they shape and are shaped by domestic and international politics.

The record of any American President attracts attention, but Barack Obama, the first African-American president in the nation's 240-year history, is of special interest. Obama came into office as the economy was careening into the worst downturn since the Great Depression. On the political front, he would be challenged by the intense congressional polarization faced by Bill Clinton and George W. Bush, exacerbated by the rise of the Tea Party movement.

This book offers a series of problems in thinking that require no special knowledge and no mathematics. The problems are designed to let readers find out about their personal style of thinking, its weaknesses and strengths, and the potential methods that they never use. Being right is not always important - an error can lead to the right decision.

In Draining New Orleans, renowned geographer Richard Campanella recounts the epic challenges and ingenious efforts to dewater the Crescent City. With forays into geography, public health, engineering, architecture, politics, sociology, race relations, and disaster response, he chronicles the herculean attempts to "reclaim" the city's swamps and marshes and install subsurface drainage for massive urban expansion.

During the five full years of his presidency (1964 - 1968), Lyndon Johnson initiated a breathtaking array of domestic policies and programs, including such landmarks as the Civil Rights Act, Head Start, Food Stamps, Medicare and Medicaid, the Immigration Reform Act, the Water Quality Act, the Voting Rights Act, Social Security reform, and Fair Housing.

The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.

Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment - paired with rampant nepotism and cronyism - on a country’s economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.

Best-selling author Newt Gingrich proposes a bold vision ofthe future: America is on the cusp of a renaissance, a new birth of technological and scientific innovation that will dramatically transform the prosperity and quality of life of every American. Our biggest enemy? Special interest groups, powerful lobbyists, and government bureaucrats who aredetermined to squash, control, or prevent these innovations - and permanently change the future of America.

Silicon Valley is imperializing the planet. With nearly bottomless supplies of cash and ambition, a small group of companies have been gradually seizing symbolic and practical civic leadership in America and worldwide. But Silicon Valley does not answer to the electorate; nor have they been voted into office. And the perils of their influence are only now making themselves known.

Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts - and, in repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in 18th-century Britain, a cut in the tax on tea massively increased revenue. Two leading authorities on taxation provide a fascinating and informative tour through these and many other episodes in tax history, both preposterous and dramatic....

American military bases encircle the globe with nearly 1,000 locations in foreign lands. These bases are usually taken for granted or overlooked entirely. But, in an eye-opening account, Base Nation shows that the worldwide network of bases brings with it a panoply of ills - and actually makes the nation less safe in the long run.

Deeply sourced within Obama's economic team, Noam Scheiber is uniquely qualified to profile the squad of elite administration insiders who have set and managed the president's economic policies from before the start of his term in office, through the crisis, and into our current prolonged recovery. These are people we know - or think we know: Obama, Geithner, Summers, Orszag, and a host of others.

Success in war ultimately depends on the consolidation of political order. Nadia Schadlow argues that the steps needed to consolidate a new political order are not separate from war. They are instead an essential component of war and victory.

According to business reporter Charles Gasparino, President Obama is faking his outrage at Wall Street, and his calls for new policies to rein in banks that are "too big to fail" are just pabulum. In reality, Obama has climbed into bed with Wall Street CEOs, giving them what they want so they will support his liberal, big-government agenda.