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Episode 185: The Depressing Results of Great Depression Policies

Words & Numbers

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The Great Depression: What It Was and What It Meant

Bob Greene: What do we mean by get us out of the Great Depression? That phrase is contested in a way that's part of the issue here. He says FDR got us back to some semblance of normal, but he presided over a time when GDP per capita was going up instead of down. And those are the four pillars of the high school history version; they don't go far enough for econ students. Greene: Laissez-Faire caused the crash and whoever stood by and didn't do anything did it too.

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