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businessJul 23, 20259:29pending

When Uncle Sam owned banks and factories

About this episode

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.

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When Uncle Sam owned banks and factories

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