01 / uncertainty

15 Oct 2025

Given that position, I don’t know whether I should say independence is overrated or underrated because there’s a sense in which it’s overrated because there isn’t that much of it, but it’s underrated to the extent that people say, “Well, let’s not worry about losing it all.

“Given that position, I don’t know whether I should say independence is overrated or underrated because there’s a sense in which it’s overrated because there isn’t that much of it, but it’s underrated to the extent that people say, “Well, let’s not worry about losing it all.”

Speaker: George Selgin
Episode: George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression
Publisher: Conversations with Tyler

What George said.

Given that position, I don’t know whether I should say independence is overrated or underrated because there’s a sense in which it’s overrated because there isn’t that much of it, but it’s underrated to the extent that people say, “Well, let’s not worry about losing it all.