Bear Stearns certainly evokes the crash of 1929 and the Great Depression that followed it. Politicians are already making analogies to Herbert Hoover, the demon of that period, and Franklin Roosevelt, the angel. Amity Shlaes argues that while the 1930s do have plenty to tell us, the real challenge isn't deciding who resembles Hoover -- it is figuring out how to avoid a whole era of mistakes.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.