Summary – The Truth About The Great Depression, with Larry 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. [Episode 11 direct download]
See the Reformed Libertarianism Statement section on Economics
Main Points of Discussion
| 00:00 | Introduction |
| 00:32 | Episode description Book discussed: Great Myths of the Great Depression |
| 01:51 | About Mr. Reed Books by Mr. Reed |
| 03:07 | Mr. Reed’s background and faith |
| 07:13 | Jesus is NOT a socialist |
| 09:56 | The Progressive Era |
| 15:34 | Progressive population control The eugenics movement, by Bradley Thomas |
| 18:27 | Monetary policy and the Fed |
| 24:21 | Tariffs, income tax, and stifling trade |
| 29:06 | New Deal disasters |
| 34:32 | Government causes inflation |
| 36:21 | Wagner Act disasters |
| 41:12 | Minimum wage |
| 44:59 | The importance of personal character |
Additional Resources
- The Progressive Era, by Murray Rothbard
- America’s Great Depression, by Murray Rothbard
- What Has Government Done To Our Money, by Murray Rothbard
- The Case Against The Fed, by Murray Rothbard
- The Great Depression, by Hans Sennholz
- audio: Herbert Hoover and the Great Depression, by Tom Woods
- audio: Truth about the Great Depression, by Thomas DiLorenzo
