Ep 11: The Truth About The Great Depression with Lawrence W Reed

February 23, 2023
Reformed Libertarians Podcast

Summary – The Truth About The Great Depression with Lawrence W Reed

An interview with Lawrence W. Reed, President emeritus of The Foundation for Economic Education, about his booklet Great Myths of the Great Depression. We talk about the Progressive Era as the context for the government policies that brought about the Great Depression, and discuss several commonly misunderstood elements that caused or perpetuated the Great Depression. We conclude with a note about personal character.

See the Reformed Libertarianism Statement on Economics

https://reformedlibertarians.com/011

Main Points of Discussion

00:00	Introduction
00:32	Episode description Book discussed: https://fee.org/resources/great-myths-of-the-great-depression/
01:51	About Mr. Reed https://www.lawrencewreed.com/about Books by Mr. Reed https://www.lawrencewreed.com/books
03:07	Mr. Reed’s background and faith
07:13	Jesus is NOT a socialist https://www.amazon.com/dp/1610171608?tag=kerrybaldwin-20
09:56	The Progressive Era
15:34	Progressive population control The eugenics movement, by Bradley Thomas https://fee.org/articles/the-progressive-ideas-that-fueled-america-s-eugenics-movement/
18:27	Monetary policy and the Fed
24:21	Tariffs, income tax, and stifling trade https://fee.org/articles/its-more-important-to-be-american-than-to-buy-american/
29:06	New Deal disasters https://fee.org/articles/fdr-campaigned-on-fiscal-restraint-in-1932-he-delivered-just-the-opposite/
34:32	Government causes inflation https://fee.org/articles/35-government-is-an-inflation-fighter/
36:21	Wagner Act disasters
41:12	Minimum wage https://fee.org/articles/38-the-minimum-wage-helps-the-poor/
44:59	The importance of personal character https://fee.org/articles/character-liberty-and-economics

Additional Resources

The Progressive Era, by Murray Rothbard
https://mises.org/library/progressive-era-0
America’s Great Depression, by Murray Rothbard
https://mises.org/library/americas-great-depression
The Case Against The Fed, by Murray Rothbard
https://mises.org/library/case-against-fed-0
The Great Depression, by Hans Sennholz
https://mises.org/library/great-depression
Herbert Hoover and the Great Depression, by Tom Woods
audio: https://mises.org/library/14-herbert-hoover-and-great-depression
Truth about the Great Depression, by Thomas DiLorenzo
audio: https://mises.org/library/9-truth-about-great-depression

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