Episode 185: The Depressing Results of Great Depression Policies

Steve Horwitz is back with us this week to discuss the Great Depression. The story that’s commonly handed down in high school history courses doesn’t match what economists and historians have come to understand about it. The government’s response was less an exercise in macroeconomic policy than it was an exercise in social engineering. The lessons of what didn’t work and why are important to us as we struggle with the COVID economy.

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Quick Hits

How Not to Be Terrible at College

https://fee.org/shows/audio/words-numbers/how-not-to-be-terrible-at-college#player

Liquid Democracy

https://en.wikipedia.org/wiki/Liquid_democracy

Post Office

https://facts.usps.com/top-facts/

https://thehill.com/homenews/house/513241-house-passes-25b-bill-to-boost-postal-service

https://www.politifact.com/factchecks/2013/jul/24/american-postal-workers-union/postal-service-claim-not-fully-target/

Foolishness of the Week

Germany’s Universal Income

https://www.businessinsider.com/germany-begins-universal-basic-income-trial-three-years-2020-8

Topic of the Week: The Great Depression

Steve Horwitz on the Great Depression

https://youtu.be/EWyzWKnkwUg

George Selgin on the Great Depression

https://www.cato.org/blog/new-deal-recovery-part-7-fdr-gold

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