I have read that Ben Bernanke has made an avid study of the actions of Franklin D, Roosevelt during the latter’s tenure in office during the Great Depression.
Roosevelt made many errors, including enormous spending and raising taxes after signs of economic recovery became apparent later on. In fact, he never got us out of the depression. The war effort did.
Yet, Bernanke appears to be following a similar easy-money route that is not working.
Can it be that, Roosevelt’s administration, as present-day Obama’s, was dedicated to class warfare and “soaking the rich”? ( See the Earl J Weinreb NewsHole® comments.)
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