Amity Shlaes on the Great Depression

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4.7 • 4.3K Ratings

🗓️ 4 June 2007

⏱️ 67 minutes

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Summary

Amity Shlaes, Bloomberg columnist and visiting senior fellow at the Council on Foreign Relations, talks about her new book, The Forgotten Man: A New History of the Great Depression. She and EconTalk host Russ Roberts discuss Herbert Hoover, Franklin Delano Roosevelt, the economics of the New Deal and the class warfare of the 1930s.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:12.5	I'm your host Russ Roberts of George Mason University and Stanford University's Hoover
0:17.3	Institution.
0:18.7	Our website is econtalk.org where you can subscribe, find other episodes, comment on this podcast,
0:25.8	and find links to other information related to today's conversation.
0:29.9	Our email address is mailadicontalk.org.
0:33.6	We'd love to hear from you.
0:36.9	My guest today is Amity Shlays.
0:38.9	Amity is a syndicated calmness for Bloomberg and a visiting senior fellow at the Council
0:43.6	on Foreign Relations.
0:45.2	Her latest book is The Forgotten Man, a new history of the Great Depression.
0:50.0	Amity, welcome to Econ Talk.
0:51.7	Oh, thanks for having me.
0:53.1	Amity, a standard view of the Great Depression is that Herbert Hoover was some kind of less
0:58.7	safe fare, a Milton Friedman acolyte who stood idly by as the economy plunged into depression
1:05.4	and then Franklin Delano Roosevelt came along and inspired by Keynes.
1:10.1	He spent our way out of it by putting purchasing power into the hand of consumers.
1:15.8	You take issue with both of those claims, the hands-off part of Hoover and the neat
1:19.7	story of FDR.
1:21.5	Let's start with your take on Hoover.
1:23.2	What was his philosophy?
1:25.7	I look at Hoover first, not for what his philosophy was, but for what his temperament was.
	...

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