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U.K. Labour Lawmaker Suspended From Party After Arrest
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Dan Norris, a lawmaker who won a seat in Parliament last year, was swiftly
suspended from Britain’s governing party.
1 hour ago
Monday, August 8, 2011
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The effects of the Keynesian-style deficit spending that the administration had been engaged in under the terms of the early New Deal, the President was advised to cut the budget, reduce deficit spending and tighten the money supply as a means to stave off inflation. Heeding their word (and no economist himself), FDR did just that.
ReplyDeleteThe results were an unmitigated disaster.