Article 6YV2K When Uncle Sam owned banks and factories

When Uncle Sam owned banks and factories

by
Wailin Wong
from NPR: Planet Money on (#6YV2K)

The quintessential American economic myth is that the free market picks winners and losers. But the federal government has long had a role in this equation, from the current administration all the way back to the Great Depression. Today on the show, we uncover the history of the country's national investment bank, which shaped the relationship between the government and the market in ways that are still felt today.

Check out Chris Hughes Substack

Related episodes:
The day Russia adopted the free market (Apple / Spotify)
Giant vacuums and other government climate bets (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Julia Ritchey. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

npr-rss-pixel.png?story=1256100360
External Content
Source RSS or Atom Feed
Feed Location http://www.npr.org/rss/rss.php?id=93559255
Feed Title NPR: Planet Money
Feed Link https://www.npr.org/templates/story/story.php?storyId=93559255
Feed Copyright Copyright 2024 NPR - For Personal Use Only
Reply 0 comments