Description: Research Fellow Scott Sumner, author of The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression talks with host Gary Rathbun about Sumner’s exhaustive research on the causes of the Great Depression.

Monetary policy mistakes by President Franklin Roosevelt and New Deal legislation led to instability in the economy. Sumner talks about the lessons learned from the 1930s that are relevant in today’s markets and how they relate to more recent economic fluctuations.