Robert Brent Toplin gives Eric Rauchway’s new book a thumbs up: “There are so many books in print about President Franklin D. Roosevelt’s handling of the depression and war that it seems difficult to break new ground. Yet historian Eric Rauchway does just that in this intriguing analysis that combines familiarity with recent scholarship, impressive work in diverse archives, and original insights.”
Rauchway focuses on the relationship between FDR and Keynes and in particular the gold standard. As Toplin notes, the issues that FDR dealt with are still relevant today, especially as some on the Right are trying to return to the gold standard.
Robert Brent Toplin reviews Barry Eichengreen’s Hall of Mirrors and concludes, “He makes that valuable contribution by addressing the subject uniquely, asking what we have learned and failed to learn from the record of the Great Depression. His investigation offers many useful hints about ways policymakers can avoid repeating the mistakes of the past.” Read the entire review here:
Here is another perspective on the lessons from the Great Depression, but in this case the focus is Europe. Barry Eichengreen has some great insights into the current European situation, particularly in his observation that “Across Europe, anti-system parties of Left and Right are gaining political traction. That perverse policies and economic hard times feed political extremism is another important implication of the 1930s. It is still not too late for European policy makers – and historians – to get this lesson right.”