Sunday, June 21, 2026

1929 by Andrew Ross Sorkin

     A detailed book about the Depression. It is interesting and I think demythologizes some of the accepted narrative. It seems Hoover did not cause the Depression and FDR didn't save the economy. FDR did change American economics and politics forever. Hoover changed the nomenclature from "panic" to "depression," possibly his biggest mistake because it implied a longer duration and more need for intervention.

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