![]() ![]() This is plausible history, if not authoritative, novel or deeply analytical. In her telling, policymakers of the 1920s weren't so incompetent as they're often made out to be-everyone in the 1930s was floundering and all made errors-and WWII, not the New Deal, ended the Depression. ![]() , Shlaes is sensitive to the dangers of government intervention in the economy-but also to the danger of the government's not intervening. Thus the spotlight plays not only on Andrew Mellon, Wendell Wilkie and Rexford Tugwell but also on Father Divine and the Schechter brothers-kosher butcher wholesalers prosecuted by the federal National Recovery Administration for selling "sick chickens." As befits a former writer for the Wall Street Journal ![]() Shlaes brings to the tale an emphasis on economic realities and consequences, especially when seen from the perspective of monetarist theory, and a focus on particular individuals and events, both celebrated and forgotten (at least relatively so). Rather than telling a new story, she tells an old one (scarcely lacking for historians) in a fresh way. This breezy narrative comes from the pen of a veteran journalist and economics reporter. ![]()
0 Comments
Leave a Reply. |