![]() ![]() The Forgotten Man was a bestseller in America, although Shlaes has been accused of being economical with the economic facts. ![]() FDR should have trusted in the market to right itself, she argues, while she eulogises the forgotten men (or small businessmen): those rugged individualists who funded FDR's government activism but were scapegoated by him for their trouble. The book criticizes Herbert Hoover and the Smoot-Hawley Tariff as exacerbating the Depression through government. ![]() The book is a re-analysis of the events of the Great Depression, generally from a free market perspective. In fact, she argues, Obama's - sorry - FDR's Soviet-inspired, New Deal philosophy of redistribution and state control actually prolonged the depression through over-regulation and punitive taxation (her previous book was called The Greedy Hand: How Taxes Drive Americans Crazy and What to Do About It). The Forgotten Man: A New History of the Great Depression is a book by Amity Shlaes and published by HarperCollins in 2007. Shlaes’s account of The Great Depression goes beyond the familiar arguments of liberals and conservatives to make a truly original contribution. The myth Shlaes proposes to bust is that government intervention dug America out of the great depression. The Forgotten Man is revisionist history at its bestfull of fresh insights, undogmatic judgments, and illuminating observations. E arlier this year, the American columnist Amity Shlaes wrote an article for under the heading "Cheering for Obama stimulus buys into 1930s myth", and it's hard not to see this revisionist history as a sideswipe at the Obama administration's efforts to tackle the recession. ![]()
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