Episode 19: Eric Rauchway on How FDR and Keynes Ended the Depression

We’ve been hearing a lot about economist John Maynard Keynes’ midcentury economic plans for the U.S. since the beginning of the financial crisis in 2008. Are the measures that Keynes and FDR took to combat the Depression in 2008 relevant to the present? What is the difference between fiscal and monetary policy, and how might changing our national approach to the monetary supply help our economic circumstances? Listen to find out!

Eric Rauchway is Professor of History at the University of California, Davis. He is author of The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace. You can read more about his work here.

Check out the episode here!

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