Booker’s idea isn’t new and it’s not wholly his own. Much of the intellectual heft behind baby bonds stems from a 2010 paper published in The Review of Black Political Economy, in which left-leaning economists Darrick Hamilton of The New School in New York City and William “Sandy” Darity of Duke University in Durham, North Carolina, propose “a bold progressive child development account type program that could go a long way toward eliminating the racial wealth gap.”
Department of African & African American Studies
