George Selgin believes that the New Deal failed to bring recovery because, although some New Deal undertakings did serve to revive aggregate spending, others had the opposite effect, and still others prevented the growth in spending that did take place from doing all it might have to revive employment.

What does it mean when the economy shrinks? What were some goals of the New Deal? How did the New Deal fail to reach its goals?

Hosted on Acast. See acast.com/privacy for more information.