It is interesting to note that as early as May 7, 1933, well before the end of his first Hundred Days, FDR was arguing that the country was facing a crisis that required a practical rather than a philosophical response. “That situation in that crisis did not call for any complicated consideration of economic panaceas or fancy plans,” he said in his second Fireside Chat. “We were faced by a condition and not a theory.”
The greatest unresolved of them all: Is our situation at the end of 2013 the result of a condition or a theory? On that rests everything else.
North Shore native and Pulitzer Prize winner David M. Shribman is executive editor of the Pittsburgh Post-Gazette.