To me, is one of the most difficult presidents to classify. He was a
narrow racist. Yet, Hoover, as an engineer by training, still
understood deficiencies of markets. Even so, he made Mellon Secretary
of the Treasury.
I would not be surprised if he actually believed that rational
management practices could somehow create prosperity.
David B. Shemano wrote:
Michael Perelman writes:
"We in America today are nearer to the final triumph over poverty than ever
before in the history of any land. The poor-house is vanishing from among
us. We have not yet reached the goal, but, given a chance to go forward
with the policies of the last eight years, we shall soon with the help of
God be in sight of the day when poverty will be banished from this nation."
Hoover, Herbert. 1952. The Memoirs of Herbert Hoover: The Cabinet and the
Presidency, 1920-1933 (New York: Macmillan): p. 184: while running for the
Republican presidential nomination in 1928.
Do you believe Hoover was sincere in his statement?
Do you believe Hoover cared whether poverty was banished?
David Shemano
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Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
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