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After Week of Turmoil at Cornell, a Heavy Cloud Hangs Over Student Life
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As the weekend arrived, much of the nightlife in the upstate New York
college town was subdued. But there were still some students looking to cut
loose.
14 minutes ago
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.