The October 14, 2013 issue of The Weekly Standard carries my review of this book. Back in 2007, I reviewed McCraw’s biography of Joseph Schumpeter for the Standard. (See here.) McCraw sent me an e-mail of thanks, which was very decent of him. Pity that McCraw died late this past year—I think he would have enjoyed this review, which begins:
“The past few years have brought a steady stream of awful news about America’s finances…. Terms such as “debt ceiling,” “fiscal cliff,” and “sequestration” are part of our lingua franca. All this bad financial news has brought bizarre ideas out of the woodwork. Eggheads have advocated the minting of trillion-dollar coins; paranoiacs have advocated abolishing the Federal Reserve. Virginia has even considered issuing its own currency. It is enough to drive one to despair—and beyond strong drink, about the only thing that has leavened my mood is the knowledge that things have been worse in American history. Much worse…” (read more)
Full cite: Kevin R. Kosar, “The Money Men: How Immigrants Invented an American Economy,” The Weekly Standard, October 14, 2013.
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