George Selgin on the New Deal and the History of Banking Crises

George Selgin was a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. George returns to the show to discuss the New Deal's record on economic recovery, the Fed's balance sheet and operating system, the Main Street Lending Program, and the history of banking crises, and much more.

Watch the full length video on our new YouTube Channel!

Check out the transcript for this week's episode, now with links.

Recorded on July 28th, 2026

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow George Selgin on X: @GeorgeSelgin

Follow the show on X: @Macro_Musings

Check out our Macro Musings merch!

Timestamps

00:00:00 - Intro

00:01:35 - George's Book on the New Deal