For the first time in modern memory, the press is drawing disturbing parallels between the current economy and the Great Depression. While the present downturn cannot yet compare with that dark period in 1930s America, renowned economic journalist and bestselling historian Amity Shlaes says that the analogy could prove accurate. Especially if the U.S. makes a series of policy mistakes that replicate those made by President Roosevelt 75 years ago.
In her acclaimed book The Forgotten Man: A New History of the Great Depression Shlaes rejects the conventional interpretation that the Depression represented capitalism's failure, and that FDR's New Deal helped Americans weather hard times. She will join me on News Talk Online on Paltalk Friday May 30 to explain.
Shlaes tells the cautionary tale of the neglected Depression-era Americans who tried to get along without public relief, who paid for the expensive projects of The New Deal, and who waited for economic relief that did not come.
A syndicated columnist, Shlaes is senior fellow in economic history at the Council on Foreign Relations.
She trained at the Wall Street Journal, where she also served on the editorial board. She is a commentator on public radio's Marketplace and her writing has appeared, over the years, in Fortune, The New Yorker, National Review, The New Republic, and Foreign Affairs. She is also the author of The Greedy Hand, a national bestseller.
Shlaes has been interviewed on NPR, Fox News Channel, CNBC, C-Span, MSNBC, Newshour with Jim Lehrer on PBS-TV, and many other programs.
To talk to Shlaes on News Talk Online on Paltalk.com at 5 PM New York time on Friday May 30 CLICK HERE. There is no charge.
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