Scene on Radio S7 E6: Thirty Glorious Years
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Jul 24, 2024 
Author and historian Eric Rauchway and economist Brad DeLong delve into the nuanced history of capitalism post-World War II, discussing the shift in power balance, the '30 glorious years' of prosperity, and the influence of various individuals on shaping the economic system. They explore topics such as stock speculation in the 1920s, the impacts of the Great Depression, and the fall of the Iron Curtain on economies and ideologies. The podcast highlights the complexities of capitalism, labor income distribution, and the importance of societal considerations in economic systems.
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Two Sides of Economic Freedom
- Economic freedom is viewed as both "negative liberty" and "freedom from want."
- The former means freedom from constraints, the latter means having basic needs met.
Economic Freedom in the US
- Economic freedom is often equated with free-market capitalism in the US.
- This allows buying, selling, starting businesses, and choosing employers.
William Jennings Bryan's "Cross of Gold" Speech
- William Jennings Bryan's 1896 "Cross of Gold" speech advocated for coining silver.
- This aimed to help indebted farmers and workers, opposing the gold standard.