August 8, 2016

Macro Musings 18: Jason Taylor on the Great Depression, World War II, and “The Big Push”

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Jason Taylor, professor of economics at Central Michigan University and editor-in-chief of "Essays in Economic & Business History," is an expert in U.S. economic history, particularly during the Great Depression and World War II. He joins the show to discuss the causes of the Great Depression and the policy responses under Herbert Hoover and Franklin D. Roosevelt. David and Jason look at policies ranging from the international gold standard to the National Industrial Recovery Act. They also explore the possibility that large public spending during the New Deal and World War II may have facilitated a “Big Push” that helped modernize the American South. Finally, Jason and David also examine parallels between the Great Depression and the Great Recession.