The largest economic boom in American history followed, leading to the Roaring ‘20s. The main reasons were restrained demand that was unleashed by smart government policy under President Harding, who would die in 1923, and cars manufactured by Henry Ford and Walter Chrysler. Harding signed the Federal Aid Highway Act of 1921, nearly three and a half decades before Ike’s famous legislation. Ford and Chrysler mass produced cars that consumers bought by the hundreds of thousands. Cars required steel for construction, rubber for tires, leather for seat covers and plenty of gasoline. Additionally, the hospitality industry for restaurants and motels and hotels blossomed. Other technologies such as movies, aviation and radio likewise contributed to the boom. Unfortunately, regulations did not keep pace. In October 1929, the stock market crashed and a global depression took hold. In Germany, Adolf Hitler was exploiting the drac...
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Many countries experience obstacles to efficient policymaking
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Many countries experience obstacles to efficient policymaking, reorienting goals and priorities. But Basrur’s analysis shows that numerous institutional problems hound India in particular, ranging from the structure of Indian federalism to bureaucratic listlessness. Many of these shortcomings are also evident in his discussion of India’s inability to formulate a coherent policy to address Pakistan’s persistent sponsorship of terrorist groups that wreak havoc on Indian soil as a case of involuntary policy drift. In the case of cross-border terrorism, New Delhi has been unable to forge what security scholars refer to as a policy of “deterrence by denial,” or creating barriers that make it difficult for an adversary to inflict harm. Basrur focuses his discussion on the 2008 terrorist attack in Mumbai, for which the Lashkar-e-Taiba group claimed responsibility. He argues that overlapping jurisdictions between security and intelligence agencies, along with a lack of coordination and c...