The reason we, and everyone else, went off the gold standard is that it was a giant failure.
“This is where Freud would come in. This reluctance to part with something that is precious to you, this insistence on discipline. He identified a personality that was what he called parsimonious to the point of avarice, and you and I have probably heard the term anal retentive”
I do wish people would stop using the term “gold standard” to mean anything other than “rigid zealotry invoked to justify austerity and policy failure.” (Sorry to make an example of you, @NPRinskeep , I just happened to see yours today.) Our Congressfolk need to learn better.
@NPRinskeep I mean, also, never forget

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Eric Rauchway

Eric Rauchway Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @rauchway

18 Sep
I reviewed Woodward & Costa's PERIL. I think its stuff on Biden is as interesting, if less juicy, than its stuff on Trump.

"'Who thinks democracy is a given?” [Biden] asked … 'If you do, think again.'"…
A lot of the Trump stuff leaked before publication because it tells us yet more about January 6 and the plan to derail certification. But the Biden stuff, which is the stuff of ordinary politics, is consequential too.
There is, in specific, quite a lot of material on Biden and Manchin, which is of current interest.
Read 5 tweets
15 Sep
Saying Elder got 47% is misleading; he got 47% of people who answered the second question (who should replace). Remember, Newsom asked that you vote “no-and-go”—no on the recall and nothing on the second question. Looks like about 45% of the total voters did that. Which means…
About 4m voters didn’t vote on the second question. Elder got 2.4m votes. So he lost overwhelmingly to the nonvotes. And he didn’t get 47%, he got 47% of 55%, or about 26%.
(Those of you who are screaming at your monitors that @jonrog1 has been proved right again, I hear you.)
Read 6 tweets
29 Aug
"Gov. Ron DeSantis has crisscrossed the state…promoting a treatment for people who already have COVID-19. But the last time he held an event specifically to encourage getting vaccinated was four months ago. Instead, he’s downplayed the vaccines…"…
If you wanted a test case for a large state that made a strong push to vaccinate people, you should look elsewhere.
"Florida shows that even a state that made a major push for vaccinations — Florida ranks 21st among states and Washington, D.C., in giving people of all ages at least one shot — can be crushed by the Delta variant"

that's in the NYT article

what is 21st, a participation trophy?
Read 11 tweets
17 Aug
People often say this, and I know where they’re coming from, but:

a) those majorities were largely illusory; white Southern Democrats were often hostile to the New Deal—even within the first 100 days;

b) the 1930s press was super hostile to the New Deal.
So I’m not trying to dunk on you, Doug Lakey, but I do want to address this point; the distinction is nowhere near that clear.
Just briefly, on the media point, this is an entirely representative bit of work from a Hearst paper. Image
Read 4 tweets
7 Jul
When he was asked while running what differentiated his policies from Hitler's, he said, "you tell me."
"Kelly “told the president that he was wrong, but Trump was undeterred”, emphasizing German economic recovery under Hitler during the 1930s.
“Kelly pushed back again…and argued that the German people would have been better off poor than subjected to the Nazi genocide.”"
I see there is a denial of this in the article.
Read 8 tweets
8 May
What history should you read about the New Deal to inform the present moment?
With the caveat that I *will* forget something, so forgive me now: I would skew toward more recent work, reflecting as it does the most thorough reading and scholarship …
So first I’ll return the favor: @JasonScottSmit6 ’s essay, “triumph of the mixed economy,” in @huret_romain , @NelsonLichtens1 , and @JCVINEL ’s 2020 collection, which pushes (appropriately) hard on the “triumph” theme:…
@JasonScottSmit6 @huret_romain @NelsonLichtens1 @JCVINEL Lots of older work on the New Deal inexplicably misses this point, and I think it’s good for us to get used to reframing our understanding of the 1930s in light of the data.
Read 20 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!