The Financial Times has nice things to say about The System Worked, the latest book by Dan Drezner ’90.

While reading Dan Drezner’s The System Worked, I kept thinking of the well-publicised conversation between Barack Obama and Tim Geithner that took place shortly before Obama’s inauguration as president in January 2009.

As related in Geithner’s book…

Geithner: Your accomplishment is going to be preventing a second Great Depression.

Obama: That’s not enough for me. I’m not going to be defined by what I’ve prevented.

Geithner: If you don’t prevent a depression, you won’t be able to do anything else.

Obama: I know. But it’s not enough.

For global economic governance, as opposed to Presidential legacies, avoiding economic catastrophe when catastrophe was a non-trivial possibility is enough.

That’s the case made by Drezner . . .

Read the whole thing.

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