Episode 185: The Depressing Results of Great Depression Policies
Words & Numbers
00:00
The Social Engineering of the Progressive Era
The story of the Great Depression still has this power. The economists are trained to think of it all as being about macro policy. And because we're trained in that technocratic perception of the world, it can tell the Keynesian story. In the depression, Foxhole, everyone's a Keynesian. Right? Well, $21, it's a lucky number for Bob Higgs and Bob Schleicher who worked on the New Deal regime after he took office. That's fascinating. I always looked at it through the lens of an economist, but it's actually social engineering that's going on. Right?"
Transcript
Play full episode
