George Selgin on the New Deal and the History of Banking Crises — Macro Musings with David Beckworth

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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.

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

Recorded on July 28th, 2026

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Timestamps
00:00:00 - Intro
00:01:35 - George's Book on the New Deal
00:03:31 - Fed's Balance Sheet Policy Task Force
00:25:59 - The Fed's Main Street Lending Program
00:32:58 - Myths and Fallacies
00:54:06 - Outro