Summary:
The book presents an alternative perspective on the Great Depression, challenging the conventional wisdom about the era and the effectiveness of the New Deal policies implemented by President Franklin D. Roosevelt. It focuses on the impact of government intervention on individuals and businesses, arguing that such policies prolonged the economic downturn and hindered recovery.
Key points:
1. The Forgotten Man: Shlaes redefines the "forgotten man" as the average taxpayer who suffers most from economic downturns and government policies.
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