December 12, 2008

Hybrid Economies

We tend to view FDR's economic revitalization efforts during the Great Depression in Keynesian terms, i.e., that government is the big spender of last resort. If not, however, for the advent of WWII, some Great Depression public works programs might well have evolved into permanent and prominent features of our economic landscape. As indeed the concept of public works has evolved elsewhere. To get a better perspective on what FDR did I turned to Nick Taylor, author of the recently published American Made. It was kind of Nick to talk with me about this extraordinarily interesting material which has so much relevance today. Total runtime an hour and nineteen minutes. Think outside the box!