Eurodollar University’s Making Sense; Episode 75, Part 1: The *Deflationary* Case of Obscene Government Debt

75a A Rise in Prices or a Rise in Dictators or Both

———Ep 75.1 Summary———

FDR claimed, correctly, he maintained a balanced budget throughout his years in office. With the exception of “emergency” items, that is. Influenced by several famed economists, Roosevelt entered the Presidency a fiscal hawk only to have his mind changed by the gravity of the situation. What failed him, and what everyone today fails to grasp, is the single-minded background factor uniting then and now.

———See It———–

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———Hear It———

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