A study has been done by Federal Reserve officials of the actions of Franklin D, Roosevelt during the latter’s tenure in office during the 1930’s Great Depression.
Roosevelt made many errors, including raising taxes, and enormous spending after signs of economic recovery became apparent later on. In fact, he never got us out of the depression. Our then war effort did.
Yet, the Fed is following a similar easy- money route that is not working.
Can it be that, Roosevelt’s administration, as is today’s, was only dedicated to class warfare and “soaking the rich”? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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