‘False Dawn’ Review: The Mirage of Recovery America’s leaders in the 1930s subjected the country to a series of bizarre economic experiments. Most of them backfired.

A kind review of _False Dawn_ for the WSJ by Judge Glock. www.wsj.com/arts-culture...

Administration officials are comparing the tariff-induced downturn to “detox” therapy. A more precise analogy would be to leeching.

Thanks for this generous praise, Mike!

Trump’s ‘Strategic Bitcoin Reserve’ makes no sense - The Boston Globe The list of justifications for a government bitcoin stockpile is long, not because there are many good ones, but because there are none, so the schemes’ apologists must keep trying.

Yours truly on the Strategic Bitcoin Reserve Boondoggle: www.bostonglobe.com/2025/03/18/o...

False Dawn George Selgin on the New Deal

Wow: a very detailed and thoughtful—and kind!—review of _False Dawn_ by Scott @MoneyIllusion Sumner. Thanks, Scott! scottsumner.substack.com/p/false-dawn?u…

Thanks, David!

False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (Markets and Governments in Economic History) False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (Markets and Governments in Economic History) [Selgin, George] on Amazon.com. *FREE* shipping on qualifying offers. False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (Markets and Governments in Economic History)

In my forthcoming book _False Dawn_, I explain how “regime uncertainty”—businessmen’s confusion about what the Roosevelt administration had in store for them—was a major reason why the Great Depression lasted as long as it did.

(Not that that’s relevant today.) www.amazon.com/False-Dawn-R...