Discussions of the economy, especially during times of crisis, are often framed in terms of lessons we supposedly learned during the Depression of the 1930s. If we are not to endure terrible times like those again, we are told, we must support whatever form of state intervention is currently being peddled. The Depression is supposed to be Exhibit A of the alleged instability of the free market left to its own devices, while the New Deal represents the indispensable corrective power of the state.
Starting September 6 — that is, two weeks from today — I’ll be teaching an online course called “The New Deal: History, Economics, and Law” for the Mises Academy. Americans need to know this stuff cold.
Here Jeff Tucker and I discuss the course. (You’ll hear Jeff sing the theme music to The Jetsons.) Hope to see you in September!
cross-posted from the LewRockwell.com blog