George Selgin

George Selgin, an economist and monetary policy expert, dives into the complexities surrounding the New Deal and its actual impact on the Great Depression. He reveals the surprising lack of effective fiscal stimulus and critiques Roosevelt’s gold revaluation strategy. Selgin discusses the profound effects of regime uncertainty and how missteps in policy led to the 1937-38 recession. With a humorous twist, he also shares anecdotes about his life in Spain, including a fractional-reserve donkey ownership scheme that highlights his whimsical yet insightful approach to economics.