Showing posts with label Amity Shlaes. Show all posts
Showing posts with label Amity Shlaes. Show all posts

Thursday, July 18, 2013

Who To Follow On Twitter: Don't Know Much About History

Of all social media platforms I consider Twitter to be my favorite in part because it's a useful way to find out things that are of interest to me on the web. But it can be a little overwhelming to know exactly who to follow. In this series, I'll share some of the feeds that have become my favorite feeds to follow. The following is a list of authors with a bent towards history as well as a couple of historical feeds that are worth a follow:

1. Eric Metaxas (@EricMetaxas)

The New York Times Bestselling author probably wouldn't consider himself a historian or biographer but he has shown himself adept at both roles. His books include Bonhoeffer, Amazing Grace, and most recently 7 Men. He is also host of Socrates in the City in New York. He is also the host of Breakpoint Radio. In addition, he's an incredibly funny guy and definitely worth a follow.

2. Amity Shlaes (@AmityShlaes)

She is the author of the excellent biography Coolidge as well as the previous bestseller The Forgotten Man about the Great Depression. She frequently shares links of a historical nature particularly connected with her books. Both books should be on your must read list. My interview with her about The Forgotten Man is here.

3. Stephen Mansfield (@MansfieldWrites)

Most recently the author of Killing Jesus as well as faith biographies of George W. Bush and Barack Obama, he is another author to definitely follow on Twitter. His tweets are often about a variety of different subjects with links to articles of note. Among books of his I would recommend are Ten Tortured Words about the Establishment Clause in the First Amendment and More Than Dates and Dead People which deals with restoring a Christian view to history.

4. Jane Hampton Cook (@janehamptoncook)

Formerly a webmistress during her time in the Bush White House, Cook has always had an interest in history. She is a frequent contributor on cable news as well as a prolific author. Her latest book is American Phoenix, a biography of John Quincy and Louisa Adams.

5. Joel C. Rosenberg (@JoelCRosenberg)

Few people understand biblical prophecy and Middle East politics as well as Joel Rosenberg. He blogs about events in the Middle East at his Flash Traffic blog. He is also the author of numerous political thrillers, all of which I would heartily recommend. His latest book is Damascus Countdown.

6. Michael Beschloss (@BeschlossDC)

He's best known as a presidential historian and author of a number of books. But he's also proprietor of one of the coolest Twitter feeds out there. Don't take my word for it: read this Washington Post profile. His accidental entry into Twitter has been one of the best feeds to come along in a while. The reason? He tweets nothing but photos many of which had never before been published. I have no idea where he finds them but they are always worth checking out.

7. Life (@LIFE)

In its heydey, LIFE Magazine was the penultimate historical photo album. If it happened, LIFE photographed it. Now the vast archives of photos is being posted on the internet. Many of them weren't even published originally in the magazine. They tweet out whenever they post a new album on their site. You could easily spend hours and hours looking through their pictures.

8. World War II Tweets (@RealTimeWWII)

Imagine what it would be like to have Twitter cover a major geopolitical event like World War II and you have what this feed is all about. Started a couple of years ago, this project documents events as they happen on a particular date. As I am writing this, they are tweeting through 1941 and intend to continue all the way through the end of the war. They also frequently post photographs that are absolutely amazing.

9. Smithsonian National Museum of American History (@amhistorymuseum)

The largest repository of historical artifacts, the American History museum is a must-see for any history buff. They also frequently blog about their collection and send out tweets about new posts. If you want to know more about American history it's definitely a feed to follow.


Thursday, February 26, 2009

Looking at the New Deal with Amity Shlaes

One of the most fascinating books I have read over the last few months is The Forgotten Man: A New History of the Great Depression. Actually, in reading the book I was amazed at how much President Barack Obama's economic policies are like that of FDR. Needless to say, that was not comforting.

Recently I had the opportunity to talk with Amity Shlaes, author of the book. Click here to read more about our conversation and what she had to say about the current economic crisis.

Monday, February 02, 2009

The New Deal Didn't Work (And Won't Work Again)

President Barack Obama has made no secret of the fact that he considers Franklin D. Roosevelt as one of his role models. President Obama's economic plans are very similar to those of FDR: increased government spending and intervention in markets to try to spur economic growth. Amity Shales, author of the excellent book The Forgotten Man, offers a terrific summary of why the New Deal didn't work.(hat tip: Nota Bennett)

The fundamental problem with President Obama's economic policies is the underlying assumption that government action can solve problems that can be more effectively and efficiently dealt with by market forces. The only guarantee with the President's proposals is that the economy will be no better off and in fact probably be in much worse shape no matter how much new spending is dressed up as "stimulus".

If the President's program actually helps the economy recover it will be the first time that increased government spending has spurred economic growth. History (and particularly the New Deal) suggest that the President's stimulus is doomed to fail.

Tuesday, November 18, 2008

"Never Allow A Crisis To Go To Waste"

The top issue on President-Elect Barack Obama's agenda on January 20 will no doubt be the economy. Over the weekend, Mr. Obama gave a hint of who he was looking for as a role model in an interview with CBS' 60 Minutes:

(CBS) Kroft: Have you been reading anything about the Depression? Anything about FDR?

Mr. Obama: You know, I have actually. There's a new book out about FDR's first 100 days and what you see in FDR that I hope my team can--emulate, is not always getting it right, but projecting a sense of confidence, and a willingness to try things. And experiment in order to get people working again.

The problem is that such experimenting that Mr. Obama is referring to could very well be rehashing old liberal ideas. Ironically, FDR did the same thing according to Amity Shlaes:

The trouble with new financial crises is that they provide pretexts for implementing old social agendas. As the president-elect's new chief of staff, Rahm Emanuel, said recently, "never allow a crisis to go to waste."

Consider President Franklin Roosevelt's New Deal, which President-elect Barack Obama invokes when he talks of "a defining moment." Like Obama today, FDR was inaugurated into trouble. He wisely addressed the financial crisis through the steps that we learned about in school. He signed deposit insurance into law, reassuring savers. He created the Securities and Exchange Commission, making the stock market more transparent and consistent. He soothed our grandparents via his radio Fireside Chats. This was the FDR we love.

But FDR also used the crisis mood to push through an unprecedented program of reforms that progressives had been hoping to put in place for years. Sen. George Norris of Nebraska, for example, had for decades argued that utilities should be in the public, not the private, sector. As far back as the early '20s, Norris wanted to build a big power project on Tennessee River. He wanted the government - and not the Ford Motor Company, which was drawing up such plans - to be in charge. FDR made Norris' progressive dream a reality by creating the publicly owned Tennessee Valley Authority. Washington won out, but it wasn't clear its power served the South down the decades.

Miss Shlaes goes on in the column to document other spectacular failures of experimentation in the New Deal including the NRA. The entire column is, of course, worth reading.

I've just started reading Miss Shlaes' book The Forgotten Man: A New History of The Great Depression. Perhaps Mr. Obama would be well served to also read it before he takes office. While some of FDR's experiments were huge successes, many were not. President-Elect Obama should be careful to not experiment with solutions simply for the sake of experimentation. Yes, voters asked for change but more importantly they want governmeent to deliver solutions and not create more problems. FDR's legacy was one of creating as many economic problems as he did solutions. Perhaps Obama can avoid repeating that legacy.

Monday, November 10, 2008

Another New Deal? Let's Hope Not

President-elect Barack Obama frequently referred to the state of the economy as the worst since the Great Depression during the most recent campaign. But adopting New Deal policies like those imposed by Franklin Roosevelt would be a mistake according to author Amity Shlaes (The Forgotten Man: A New History of the Great Depression):

The historical model that the Democrats are choosing to hold up as they ponder our financial crisis isn't Harry Truman's Fair Deal or Lyndon Johnson's Great Society. It is Franklin D. Roosevelt's New Deal. At least three economic reforms under discussion now were also central in the New Deal package. Trouble is, these reforms didn't necessarily work well when they were first tried - and some failed outright.

Roosevelt tried a stimulus package and investment in infrastructure both of which are being considered under the incoming Obama administration. But Roosevelt's leadership style was also a huge liability:

Even more than specific New Deal projects, Obama and his fellow Democrats are evoking Roosevelt's leadership style. In school, we learned that it was FDR's personality that pulled the country through the Depression. If only, the suggestion is, we can have a strong enough leader, Americans will also find recovery again. We need some "bold persistent experimentation" of the Roosevelt variety.

There is evidence, however, that FDR's very strength was a negative, because he used it to give himself a license to do true experimenting. In his second inaugural address, FDR said that he sought "an instrument of unimagined power for the establishment of a morally better world."

No one knew what it meant, and markets were terrified. Everyone feared FDR would regulate or prosecute them next. Businesses refused to invest. The 1930s' second half proved frustrating for the country: The economy was always recovering but never quite recovered. The Dow didn't get back to its 1929 level until the mid-'50s.
President-elect Obama will be under tremendous pressure come Inauguration Day to do something to fix the economy if it isn't already back on track by then. If history is any guide, repeating the failed policies of FDR is not the answer that America needs.