Franklin D. Roosevelt’s Poor Example

                                              

Ben Bernanke, who previously headed the Federal Reserve system, made an avid study of the actions of Franklin D, Roosevelt during the latter’s tenure in office during the Great Depression.

                   

Bernanke set the Fed’s policy that fundamentally still operates today under Janet Yellen.

                   

Roosevelt made many errors, including raising taxes, and enormous spending after signs of economic recovery became apparent later on, in the 1930s. In fact, he never got us out of the depression. The then war effort did.

                   

Yet, Bernanke and his successor appear to be following a similar easy-money route that is not working.

                   

Roosevelt’s administration, as is the present-day administration, was dedicated to class warfare and “soaking the rich” as a chief aim. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)