George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression

George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression

George Selgin has spent over four decades thinking about money, banking, and economic history, and Tyler has known him for nearly all of it. Selgin's new book False Dawn: The New Deal and the Promise of Recovery, 1933–1947 examines what the New Deal actually accomplished—and failed to accomplish—in confronting the Great Depression.

Tyler and George discuss the surprising lack of fiscal and monetary stimulus in the New Deal, whether revaluing gold was really the best path to economic reflation, how much Glass-Steagall and other individual parts of the New Deal mattered, Keynes' "very sound" advice to Roosevelt, why Hayek's analysis fell short, whether America would've done better with a more concentrated banking sector, how well the quantity theory of money holds up, his vision for a "night watchman" Fed, how many countries should dollarize, whether stablecoins should be allowed to pay interest, his stake in a fractional-reserve Andalusian donkey ownership scheme, why his Spanish vocabulary is particularly strong on plumbing, his ambivalence about the eurozone, what really got America out of the Great Depression, and more.

Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel.

Recorded September 26th, 2025.

Other ways to connect

Photo Credit: Richie Downs

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(288)

Bob Spitz on the Rolling Stones, Bruce Springsteen, and the Art of Biography

Bob Spitz on the Rolling Stones, Bruce Springsteen, and the Art of Biography

Bob Spitz has written major biographies of the Beatles, Led Zeppelin, Bob Dylan, and now the Rolling Stones — but also, somehow, Ronald Reagan and Julia Child. In rock, his credentials were hard won: ...

13 Mai 55min

Craig Newmark on Institutional Maintenance, Giving Away Control, and the Internet We Were Promised (Live at 92NY)

Craig Newmark on Institutional Maintenance, Giving Away Control, and the Internet We Were Promised (Live at 92NY)

Craig Newmark's career, in retrospect, looks like a series of deliberate subtractions: he kept Craigslist plain, stepped aside as CEO early on, gave his equity to his foundation, and now funds people ...

29 Apr 46min

Kim Bowes on the Economic Lives of Rome's Ninety Percent

Kim Bowes on the Economic Lives of Rome's Ninety Percent

Kim Bowes is an archaeologist at the University of Pennsylvania whose book, Surviving Rome: The Economic Lives of the Ninety Percent, Tyler calls perhaps his favorite economics book of 2025. By siftin...

15 Apr 1h 1min

Arthur Brooks on Reinvention, Religion, and the Science of Happiness

Arthur Brooks on Reinvention, Religion, and the Science of Happiness

Click here to find Tyler's new generative book, The Marginal Revolution: Rise and Decline, and the Pending AI Revolution! Arthur Brooks reckons he's on the fourth leg of a spiral-shaped career: French...

1 Apr 59min

Paul Gillingham on Why Mexico Stays Together

Paul Gillingham on Why Mexico Stays Together

Buy tickets for the live Conversations with Tyler recording with Craig Newmark at 92NY! Tyler calls Paul Gillingham's new book, Mexico: A 500-Year History, the single best introduction to the countr...

25 Mar 1h 4min

Harvey Mansfield on Machiavelli, Straussianism, and the Character of Liberal Democracy

Harvey Mansfield on Machiavelli, Straussianism, and the Character of Liberal Democracy

Buy tickets for the live Conversations with Tyler recording with Craig Newmark at 92NY! Few living scholars can claim to have shaped how we read Machiavelli as decisively as Harvey Mansfield. His new ...

18 Mar 49min

Henry Oliver on Measure for Measure, Late Bloomers, and the Smartest Writers in English

Henry Oliver on Measure for Measure, Late Bloomers, and the Smartest Writers in English

Sign up for the Chicago CWT Listener Meetup. Henry Oliver is the preeminent literary critic for non-literary nerds. His Substack, The Common Reader, has thousands of subscribers drawn in by Henry's co...

4 Mar 59min

Joe Studwell on Africa, Asia, and What Development Actually Requires

Joe Studwell on Africa, Asia, and What Development Actually Requires

When Tyler called Joe Studwell's How Asia Works "perhaps my favorite economics book of the year" back in 2013, he wasn't alone: it became one of the most influential treatments of industrial policy e...

18 Feb 53min

Populært innen Fakta

fastlegen
dine-penger-pengeradet
rss-bisarr-historie
relasjonspodden-med-dora-thorhallsdottir-kjersti-idem
foreldreradet
treningspodden
rss-strid-de-norske-borgerkrigene
jakt-og-fiskepodden
rss-kunsten-a-leve
rss-sunn-okonomi
mikkels-paskenotter
sinnsyn
hverdagspsyken
gravid-uke-for-uke
rss-sarbar-med-lotte-erik
rss-bak-luftfarten
fryktlos
hagespiren-podcast
rss-kull
rss-mind-body-podden