Inflationist From the Start

11/20/2015 - History Professor Eric Rauchway in The Wall Street Journal.

Roosevelt’s decision to float the dollar was one of the most portentous policy decisions in the long struggle to escape the dark hole of the Great Depression.

In “The Money Makers,” Eric Rauchway—a historian at the University of California, Davis—presents a close-to-the-ground account of the political and intellectual forces that drove the decision. Mr. Rauchway’s prose is lucid and unpretentious, and his explanations of technical monetary issues are smoothly integrated with the flow of the story.

Read the full review in The Wall Street Journal.