Peter Dreier

Peter Dreier teaches politics and chairs the Urban & Environmental Policy Department at Occidental College. His latest book is The 100 Greatest Americans of the 20th Century: A Social Justice Hall of Fame (Nation Books, 2012).

Recent Articles

Which Woman Should Adorn the $10 Bill?

A shortlist of agitators, activists, and other influential top contenders.  

Public Domain
Public Domain I n a speech last year in Kansas City, President Barack Obama said he received a letter from a nine-year-old girl that included a list of possible women to put on America’s paper bills and coins, “which I thought was a pretty good idea." In March of this year, Barbara Ortiz Howard and Susan Ades Stone started a campaign called Women on 20s to demand that the government replace former President Andrew Jackson’s image on the $20 bill with a woman from history. Now, the Obama administration is following through, although not in the way that the two women and the many followers they galvanized had hoped. Last week, Treasury Secretary Jack Lew announced that in 2020—the 100th anniversary of the 19th Amendment granting women the right to vote—a woman will appear on the $10 note, not the $20 bill. Lew explained that the $10 bill was already scheduled to be redesigned to deal with counterfeiting threats. The new currency will feature state-of-the-art security and composition...

A Big Test for Janet Yellen

The Fed has a lot of power to hold big banks accountable. A grassroots coalition wants Yellen to use it. 

AP Photo/Manuel Balce Ceneta
AP Photo/Manuel Balce Ceneta Federal Reserve Chair Janet Yellen speaks during a news conference following a Federal Open Market Committee meeting in Washington, Wednesday, June 17, 2015. A coalition of California community groups and a local legal aid agency have come up with a novel way to hold a major L.A. area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices. The California Reinvestment Coalition (CRC) and Neighborhood Legal Services of Los Angeles County (NLSLA) have asked Janet Yellen—chair of the Federal Reserve, the country’s top bank regulator—to halt a planned takeover of Pasadena-based OneWest Bank by the New Jersey-based CIT Group until these banks pay reparations for the damage they caused. CRC and NLSLA have suggested a price tag of $3 billion to create and preserve affordable housing in Los Angeles County. For a decade up to 2008, banks lived high on the hog as federal regulators looked...

How the Bankers Destroyed the Dream

The mortgage collapse was an entirely avoidable crisis—a brew of elite financial lobbying and bad policy. 

AP Photo/Paul Sakuma, file
(AP Photo/Paul Sakuma, file) In this May 28, 2009 file photo, a foreclosed home is shown in Mountain View, Calif. More than 13 percent of American homeowners with a mortgage are either behind on their payments or in foreclosure as the recession throws more people out of work, the Mortgage Bankers Association said Thursday, Aug. 20, 2009. Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business By Jennifer Taub 416 pp. Yale University Press $30 I n the early 2000s, the media regularly turned to David Lereah, chief economist for the National Association of Realtors. He provided consistently optimistic predictions about rising housing prices and labeled those who disagreed a “Chicken Little.” In 2006, at the peak of the housing bubble, he published a book entitled Why the Real Estate Boom Will Not Bust—And How You Can Profit from It . Within a year, the housing bubble popped. Between 2006 and 2012, housing prices...

Progressive Midterm Victories You Didn't Hear About -- And Some That Could Still Happen

Across the nation, voters passed measures against fracking and abortion restrictions, and for the minimum wage, paid sick leave, public safety and gun reform. 

(AP Photo/Tony Gutierrez)
(AP Photo/Tony Gutierrez) Topher Jones, from left, of Denton, Texas, Edward Hartmann, of Dallas and Angie Holliday of Denton, Texas, hold a campaign sign supporting a ban outside city hall, Tuesday, July 15, 2014, in Denton, Texas. A North Texas city became the first in the state to ban hydraulic fracturing when voters passed a ballot measure on November 4, 2014. T uesday’s Republican wave of election victories did not reflect public opinion or the public mood. Instead it was the result of the GOP’s triumph in changing the rules of democracy to favor big business and conservative interest groups, including the triumphs of corporate money and voter suppression. But while Democrat candidates were going down to defeat, liberals and progressive won some impressive but little-publicized victories on important issues—including minimum wage hikes—especially in red and purple states, suggesting that voters are not as conservative as the pundits are pontificating. One of the most significant...

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