Kibbe on Liberty
Ep 322 | Everyone Is Wrong About the New Deal | Guest: George Selgin
Mar 5, 2025
George Selgin, a leading economist at the Cato Institute and author of "False Dawn," delves into the complexities of the New Deal. He challenges the binary views of Roosevelt as either savior or villain, arguing that misconceptions cloud its economic impact. The discussion highlights the New Deal's non-Keynesian nature and its lagging recovery effects due to hostility toward private industry. Selgin also connects historical monetary theories to modern concepts like Bitcoin, exploring alternatives to traditional banking systems.
56:52
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The New Deal's failure to spark economic recovery was largely due to Roosevelt's hostility towards private industry rather than Keynesian principles.
- Post-World War II, the shift towards a cooperative government-business relationship significantly fostered private investment and economic growth.
Deep dives
The Insights on Free Banking and Monetary Policy
Research in monetary economics highlights that many issues within banking systems stem from regulations rather than inherent market failures. The discussion emphasizes that reducing misguided regulations could address most banking problems instead of adding new layers of complexity. Historical analysis shows that prior to government interventions, banking systems operated more effectively. This insight stems from examining various monetary crises and how regulatory frameworks have directly influenced economic stability.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
