Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first...

"This book chronicles the "mania" for land speculation that swept the new United States, as the nation's elite founders rushed to profit off Native American dispossession. A story of statecraft, capitalism, ambition, and corruption, it offers a new account of the consequences of U.S....