1 rich Libsyn https://www.libsyn.com 90 600 George Selgin was a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. George returns to the show to discuss the New Deal’s record on economic recovery, the Fed’s balance sheet and operating system, the Main Street Lending Program, and the history of banking crises, and much more. Watch&amp;nbsp;the&amp;nbsp;full length video&amp;nbsp;on our new YouTube Channel! Check out the&amp;nbsp;transcript&amp;nbsp;for this week’s episode, now with links. Recorded on July 28th, 2026 Subscribe to David's Substack:&amp;nbsp;Macroeconomic Policy Nexus Follow David Beckworth on X:&amp;nbsp;@DavidBeckworth Follow George Selgin on X: @GeorgeSelgin Follow the show on X:&amp;nbsp;@Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:35 - George’s Book on the New Deal 00:03:31 - Fed’s Balance Sheet Policy Task Force 00:25:59 - The Fed’s Main Street Lending Program 00:32:58 - Myths and Fallacies 00:54:06 - Outro Macro Musings with David Beckworth https://macroeconomicpolicynexus.substack.com/ <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/43154208/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/207052928