Tag: Robert Murphy
The Real Cause of The Great Depression with Robert P. Murphy – Part 2 (Ep. 50)

The Real Cause of The Great Depression with Robert P. Murphy – Part 2 (Ep. 50)

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Was the Great Depression triggered by the 1929 stock market crash, or by deeper flaws in unchecked capitalism?

In this follow-up conversation, economist Dr. Robert P. Murphy returns to debunk the most persistent myths about The Great Depression and explain what actually caused it, prolonged it, and eventually ended it.

From the Smoot-Hawley Tariff to wage rigidity, aggressive tax hikes, and misguided government intervention, Dr. Murphy unpacks why the Hoover and Roosevelt administrations made things worse, not better. He also shares what this history can teach us about inflation, regulation, and economic policymaking today.

What to expect:

  • Why the stock market crash alone didn’t cause the Depression
  • The real damage done by Hoover’s “interventionist” policies
  • How FDR’s New Deal tried (and failed) to fix a broken system
  • What truly pulled the U.S. out of the economic abyss
  • And more!

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About Our Guest: 

Robert P. Murphy is a Senior Fellow at the Fraser Institute and Chief Economist at Infineo and author of the widely acclaimed book, Choice: Cooperation, Enterprise, and Human Action. He is also a Senior Fellow with the Mises Institute. He received his Ph.D. in economics from New York University. Previous positions include Research Assistant Professor with the Free Market Institute at Texas Tech University, Visiting Assistant Professor of Economics at Hillsdale College, Senior Economist at the Institute for Energy Research, Visiting Scholar at New York University, Research Analyst at Laffer Associates, and Senior Fellow in Business and Economic Studies at the Pacific Research Institute. Prof. Murphy runs the blog, Free Advice, and hosts the podcast, The Bob Murphy Show. 

He is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, The Study Guide to Man, Economy, and State with Power and Market, The Human Action Study Guide, The Study Guide to The Theory of Money & Credit by Ludwig von Mises, and Lessons for the Young Economist. He has also written hundreds of economics articles for the layperson, has given numerous radio and television interviews on such outlets as Fox Business and CNBC, and is active on Twitter (@BobMurphyEcon).

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