01 / recommendation
I think that what should have happened was immediate devaluation of the dollar. It was clear by the time Roosevelt took office, the gold standard, as it had been, had to be at least suspended because the New York banks had run out of gold essentially.
“I think that what should have happened was immediate devaluation of the dollar. It was clear by the time Roosevelt took office, the gold standard, as it had been, had to be at least suspended because the New York banks had run out of gold essentially.”
- Speaker
- George Selgin
- Episode
- George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression
- Publisher
- Conversations with Tyler