Michael Munger reviews George Selgin's book False Dawn, arguing that regime uncertainty from FDR's arbitrary New Deal policies hindered investment and actually prolonged the Great Depression.

Season 8, Episode 455,   Feb 13, 11:47 PM

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Michael Munger reviews George Selgin's book False Dawn, arguing that regime uncertainty from FDR's arbitrary New Deal policies hindered investment and actually prolonged the Great Depression.
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Michael Munger explains how post-WWII economic recovery defied Keynesian predictions of doom due to the removal of government controls and a massive release of pent-up consumer demand.
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