New Deal

Why hasn’t the 2008-14 shock produced anything like the New Deal?

Duncan Green - January 23, 2014

Ricardo Fuentes gave a staff talk this week on his big new paper (with Nick Galasso) on the links between economic and political power. What struck me was a very serious ‘dog that didn’t bark’. The 1929 collapse and the Great Depression led to profound reform in the US, with the New Deal and a sharp reversal of rising inequality. A series of shocks prompted …

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US elections: killer facts, what happens now? And Palin the poet

admin - December 26, 2008

The December issue of my favourite current affairs magazine, Prospect, has some great analysis (laced with whimsy) of the election and transition. Top billing goes to an insightful assessment of Obama’s likely direction by Michael Lind. Lind cautions against euphoria, drawing on the already over-used comparison with FDR in predicting that Obama’s first term will mostly have to be devoted to dealing with the economic crisis. Sorting …

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