My new masterpiece: vibe-coded chart showing the collapse of the New Deal financial order and rise of Wall Street, by flow of deposits from small to big banks. From 1990 to 2024 NYC banks more than double their deposit share. Small banks and thrifts go from more than half of deposits to <20%.

The decline of TT Assistant Professor jobs in History, thanks to @bschmidt.bsky.social’s database of H-Net job postings observablehq.com/@bmschmidt/h...

I built a NotebookLM-like RAG (a semantic search engine) for my Zotero library, optimized for the documents I have as a historian (books, articles, scanned primary sources, Congressional docs). Try for yourself: github.com/freshaf/zote...

Stephen Miller "rejects the vision that shaped the post-1945 world, the conclusions reached by ordinary soldiers and national leaders, by preachers and poets, by the survivors of genocide and the remorseful publics that vowed never again." timothyburke.substack.com/p/a-wrong-th...

Try to play "spot the neoliberalism" here and you see something interesting: 1. with the brief but notable exception of 2000-05, housing's share of wealth was on a secular decline from the Volcker Shock through the Great Recession 2. Retirement funds become more important instead

Where’s my Zotero wrapped

What's happening in sports betting now is an even stupider version of what happened in banking and investing in the 80s/90s: regulatory arbitrage that in theory offers better consumer prices and choices but ultimately fuels social and economic instability. www.wsj.com/finance/kals...

Harry Braverman really did anticipate the dynamics that drive AI, the separation between conception and execution becoming so complete that no human is needed for the latter

New #awarded #research in #bizhis Take a look at 🧵 @hagleycenter.bsky.social @gnvbusinesshistory.bsky.social @repec-nep-his.bsky.social @businesshistory.bsky.social @womenknowhistory.bsky.social @historians.org @financialtimes.com @financewatch.bsky.social

An example of what's missing in our accounts of financialization and deregulation: an explanation of why Wall Street's #1 political priority in the 1980s is _defending_ Glass-Steagall.

Thrilled to announce that I've been awarded the 2025 John E. Rovensky Fellowship in US Business and Economic History from the University of Illinois Foundation and @businesshistoryc.bsky.social!

This is insulting, he should settle for nothing less than Ambassador to Turkey

If you're interested in a preview of my dissertation project: "Wall Street’s role isn’t just about markets...It’s about legitimacy, about how the government tries to deliver economic security without doing it directly.” global.columbia.edu/news/how-wal...

TIL the turn to cash flow vs profits in accounting and finance really began after the collapse of Penn Central

I think my teaching in the age of AI position is basically "wax on, wax off": forcing students to arbitrarily work without AI (ie blue books) forces them to learn valuable, lifelong skills (ie critical reasoning) that they would/could not otherwise. It's about karate, not waxing.

It’s very illuminating that the 2008 financial crisis was driven by the collapse in asset-backed securities, the most “safe” and “real” financial assets, backed by actual cash flows (ie mortgage payments) and even physical assets (homes). The opposite of crypto, or ‘00 dot-com 1/

Anyone interested in joining a roundtable on new directions in the history of US economic thought at the S-USIH conference in Detroit this November? Feel free to share with anyone interested, email [email protected]

Trump and Musk are unfortunately operating in the Goldilocks zone for right wing politics: cutting the administrative state as much as possible without spooking Wall Street (which depends on predictable expectations) and triggering economic chaos and a mass streets opposition