False Dawn: A Conversation with George Selgin on Recovering from the Great Depression

episode

New Books in American Studies not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from New Books in American Studies

Lucas L. Johnson II, "Remembering Roots: How an American Classic Transformed the World" (Broadleaf Books, 2026) 44 min · 09 Sep 2026

Michelle Adams, "The Containment: Detroit, the Supreme Court, and the Battle for Racial Justice in the North " (FSG, 2025) 1h 4m · 09 Sep 2026

Claudia Verhoeven, "Love and Terror: The Helter-Skelter History of the Manson Murders" (Verso, 2026) 1h 3m · 08 Sep 2026

Terry Kirby, "The Newsmongers: A History of Tabloid Journalism" (Reaktion Books, 2024) 51 min · 20 Dec 2025

All episodes from New Books in American Studies →

Report any issue

Source

Recorded30 May 2025

Publisherfeeds.megaphone.fm

Handlerec:4809541

Show notes

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute’s Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR’s New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal’s successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn’t just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison’s Notes is the podcast of Princeton University’s James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.