Today’s Economic History: Eric Rauchway’s The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace is one of the very best books to read to understand our economy today.

It tells the story of how Franklin Delano Roosevelt and the people who work for him pragmatically — experimenting with institutional redesign, reinforcing success, dropping failure, focusing on what worked — refuted via action the ideologues of the left and the right who to this day condemn his New Deal is ineffective or destructive.