Edward Harrison — Hoover on austerity to balance the budget and defend the dollar in 1932

Edward Harrison reminds us of "Hoover's folly" and how calls for balancing the budget are being now resounding again.

Read it at Credit Writedowns
Hoover on austerity to balance the budget and defend the dollar in 1932
by Edward Harrison

Warren Mosler posted a link today on how a majority of the American public believes that the US will become insolvent before but budget can be balanced.