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.