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Amity Shlaes: A New History of the Great Depression

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Cato Institute

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42 min 09 sec

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01.: Introduction

01 min 17 sec

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02.: The Monopoly Board Game's Origins in the New Deal

03 min 35 sec

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03.: Andrew Mellon and Bank Regulation in the 1920's

02 min 30 sec

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04.: The Environment of Economic Freedom in the 20's

03 min 44 sec

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05.: The Role of Taxation in the Great Depression

05 min 05 sec

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06.: Other Regulatory Causes of the Depression

03 min 11 sec

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07.: The Persecution of Old Businesses and Business Leaders

03 min 05 sec

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08.: Responses to Roosevelt's Policies

03 min 42 sec

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09.: Comparisons to the Current Crisis

03 min 32 sec

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10.: Q & A

00 min 26 sec

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11.: Q1: Growing Government Control of the Economy

01 min 09 sec

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12.: Q2: Modern Views of the Great Depression

02 min 35 sec

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13.: Q3: Comparing Obama's and Roosevelt's Plans

03 min 36 sec

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14.: Q4: Additional Causes of the Depression

01 min 05 sec

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15.: Q5: Different Views of Economic Theory

03 min 33 sec

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: Watch Full Program

42 min 09 sec

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There are 2 comments on this program

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Previous FORAtv comments:

TommyD1of11

Posted: 12.27.09, 09:24 PM

Dude, get a life. Amity is correctly using for her analogy the MONOPOLY game that everyone generally understands ... not the game as Magie designed it which was anti-capitalistic. Parker Brothers totally transformed the game to be one that represents free-enterprise in a positive perspective. Seriously, you must have a secret love crush on Elizabeth Magie .... don't you think she's a bit too old for you.

colin1

Posted: 08.10.09, 06:19 AM

Firstly the monopoly board game was not invented in the nineteen thirties but in 1904. The fact that shlaes does not know the name of the inventor of the game speaks volumes about her complete ignorance. The inventor was Elizabeth Magie. More importantly the game was not an example of good property laws. It was explicitly designed by Magie as a demonstration how stupid and criminal property laws are. As anyone who's played monopoly knows that it is a came that involves no skill, intellience nor ablity what so ever, and rewards people on the basis of pure random chance, and having got lucky once there is a massive positive feedback loop, so that often as not, stupid people with no ability can end up with undeserved and unearned wealth; exactly how property laws and wall street work. Moreover Magie was an advocate of property reform and government redistribution. Secondly, Parker Brothers (complicit with Charles Darrow) did not buy the game from the inventor but stole it in one of the most famous cases of intellectual property theft (Darrow's rule book even copied Magie's spelling mistakes in her 1904 pattent!). The ninth circuit court of appeal quashed Hasbro's (the then owners) claim to copyright in 1980 and again in 1981; until, finally, Hasbro used the crooks in the lobbying circuit (incidentally a circuit Cato group in) to change the copyright laws to their benefit. The details of this case are so infamous (there is a book about it 'The Billion Dollar Monopoly Swindle') and the distortions in Amity's reasoning so self servingly false that I cannot attribute her errors to mere ignorance on credulousness. Therefore, in summary, Amity Shlaes is a lying whore.