Friday, June 21, 2013

David Stockman writes:

http://mises.org/daily/6429/FDR-Sowing-the-Seeds-of-Chaos

Both Roosevelt and Nixon were aggressive politicians who lacked any enduring convictions about economic policy. Neither had any compunction at all, however, about using the taxing, spending, regulatory, and money-printing powers of the state to achieve their domestic political and electoral objectives. In the great scheme of modern financial history FDR and Tricky Dick were peas in a statist pod.

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