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Stocks Are Set to Extend Sharp Fall
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Futures on the S&P 500, which allow investors to trade the index before
regular trading begins on Monday, added to last week’s sell-off.
23 minutes 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.