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  ยท  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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