Robert Higgs Interviewed on the Great Depression and Financial Crises

With the widespread confusion about the huge federal bailouts for the current financial crisis and recession, here is Senior Fellow Robert Higgs being interviewed at EconTalk on the real lessons from Great Depression, the New Deal, and the effect of World War II on the American economy. Drawing upon his award-winning* Independent Institute book Depression, War and Cold War, Dr. Higgs shows that government interventions created, prolonged and deepened the Great Depression, and the massive current bailouts are entirely misguided and indeed dangerous.

*Selected as Outstanding Academic Book by Choice Magazine.