Fiscal and monetary policy wonks will admire Garten’s skillful narrative and thorough research.
A densely detailed and highly charged account of the Nixon administration’s abandonment of the gold standard.
Scratch a certain kind of old-school conservative, and you’ll hit a nerve that’s still raw over the restructuring of U.S. currency to tie it to the open market and not to the fixed exchange rate linked to a government stockpile of gold. Even Nixon himself wasn’t sold on the idea, though some of his economic advisers successfully argued that the fixed rate led to trade protectionism and discouraged international partners from developing the economic robustness that would allow them to shoulder their fair share of the burden of, say, maintaining NATO. By 1971, writes Garten, dean emeritus of the Yale School of Management, “the dollar–gold problem seemed too big and too complex, and no one was sure how to fix it without causing major global upheavals.” Hence the weekendlong secret meeting at Camp David that brought together economic strategists of varying ideological stripes. One was Arthur Burns, head of the Federal Reserve, once a strong Nixon ally who became dismayed by the president’s politicization of the economy. Though Nixon resisted Keynesian wage and price controls that some of those advisers would propound, he eventually realized “that only mandatory regulations would suffice.” While sometimes succumbing to the thick prose of the dismal science, Garten delivers incisive portraits of key players such as John Connally, secretary of the treasury; George Schultz, who “foreshadowed more than anyone else the Thatcher-Reagan revolution of extensive deregulation that was less than a decade away”; and Pete Peterson, who “captured Nixon’s attention by focusing on the decline of U.S. competitiveness and the measures necessary to reverse the nation’s deteriorating position.” In the end, although it meant that the U.S. acknowledged that it was not the sole arbiter of the world economy and surrendered some political power as well, the Camp David meeting and restructuring of the economy was “an impressive achievement.”
Fiscal and monetary policy wonks will admire Garten’s skillful narrative and thorough research.Pub Date: July 6, 2021
ISBN: 978-0-06-288767-2
Page Count: 448
Publisher: Harper/HarperCollins
Review Posted Online: May 3, 2021
Kirkus Reviews Issue: May 15, 2021
An instructive history with a disturbing coda: If you want to learn about evolution, go to college.
Fox News commentator Jarrett’s account of the iconic 1925 Scopes Monkey Trial turns out to be a satisfying traditional history that celebrates the good guys.
Although widely derided, the flurry of post–World War I state laws forbidding public schools from teaching evolution enjoyed a great deal of popular support. Concerned about the effect on academic freedom, the American Civil Liberties Union ran a news release seeking a volunteer to test the newly enacted Tennessee law. The trial took place in the small town of Dayton only because local boosters believed it “would put [the town] on the map.” They persuaded high school teacher John Scopes to offer himself as defendant. News of the case made headlines, and a mass of journalists descended on the city along with celebrities, including William Jennings Bryan and legendary lawyer Clarence Darrow. With a churchgoing jury and biased judge who began the proceedings by declaiming the first chapter of Genesis, the outcome was never in doubt, but Jarrett remains firmly for the defense, praising Darrow’s and colleagues’ arguments in favor of First Amendment freedoms and opposing religious bigotry and government interference in education. To Darrow’s frustration, the judge ruled that the trial was solely to determine whether Scopes broke the law, so he refused to allow the defense to call scientists and theologians to inform the jury that evolution was not equivalent to atheism. After several frustrating days, Darrow grew discouraged, and many reporters left before he hit the jackpot cross-examining Bryan, who had volunteered to prove the literal truth of everything in the Bible and did a terrible job. Despite an upbeat conclusion, Jarrett admits that there is less in Darrow’s triumph than meets the eye. Disbelief in evolution remains common, so school boards (and publishers anxious to sell them science textbooks) treat the subject with kid gloves.
An instructive history with a disturbing coda: If you want to learn about evolution, go to college.Pub Date: May 30, 2023
ISBN: 9781982198572
Page Count: 304
Publisher: Threshold Editions/Simon & Schuster
Review Posted Online: May 1, 2023
Kirkus Reviews Issue: June 1, 2023
A revelatory meditation on shattering journeys.
Bearing witness to oppression.
Award-winning journalist and MacArthur Fellow Coates probes the narratives that shape our perception of the world through his reports on three journeys: to Dakar, Senegal, the last stop for Black Africans “before the genocide and rebirth of the Middle Passage”; to Chapin, South Carolina, where controversy erupted over a writing teacher’s use of Between the World and Me in class; and to Israel and Palestine, where he spent 10 days in a “Holy Land of barbed wire, settlers, and outrageous guns.” By addressing the essays to students in his writing workshop at Howard University in 2022, Coates makes a literary choice similar to the letter to his son that informed Between the World and Me; as in that book, the choice creates a sense of intimacy between writer and reader. Interweaving autobiography and reportage, Coates examines race, his identity as a Black American, and his role as a public intellectual. In Dakar, he is haunted by ghosts of his ancestors and “the shade of Niggerology,” a pseudoscientific narrative put forth to justify enslavement by portraying Blacks as inferior. In South Carolina, the 22-acre State House grounds, dotted with Confederate statues, continue to impart a narrative of white supremacy. His trip to the Middle East inspires the longest and most impassioned essay: “I don’t think I ever, in my life, felt the glare of racism burn stranger and more intense than in Israel,” he writes. In his complex analysis, he sees the trauma of the Holocaust playing a role in Israel’s tactics in the Middle East: “The wars against the Palestinians and their Arab allies were a kind of theater in which ‘weak Jews’ who went ‘like lambs to slaughter’ were supplanted by Israelis who would ‘fight back.’” Roiled by what he witnessed, Coates feels speechless, unable to adequately convey Palestinians’ agony; their reality “demands new messengers, tasked as we all are, with nothing less than saving the world.”
A revelatory meditation on shattering journeys.Pub Date: Oct. 1, 2024
ISBN: 9780593230381
Page Count: 176
Publisher: One World/Random House
Review Posted Online: Aug. 2, 2024
Kirkus Reviews Issue: Sept. 1, 2024
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