![]() in 1927 to observe communism in action, including future FDR adviser Rexford Guy Tugwell, economist and future senator Paul Douglas and ACLU founder Roger Baldwin. She is at her best in detailing the decade-long disillusionment of a group of academics, journalists, trade-union leaders and liberal activists who sailed to the U.S.S.R. ![]() All of this requires revisionism so massive that Shlaes' powers of persuasion become as hit-or-miss as the liberal programs she criticizes. The result: the end of sizable gains, courtesy of tax-cutting policies, under Presidents Harding and Coolidge. While liberal historians unfavorably contrast Herbert Hoover with Franklin Roosevelt, Shlaes takes the former engineer to task for a similarity to his successor: an overestimation of the value of government planning. ![]() Shlaes ( The Greedy Hand, 1999, etc.), a senior visiting fellow at the Council on Foreign Relations and a columnist at Bloomberg, brings to the Great Depression a flair for revealing anecdotes and a debater’s moxie that slides into contrarianism.Īccording to the author, from the Great Crash of 1929 until 1940, government intervention made the Depression an unprecedented national calamity. ![]()
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