michael perelman <[EMAIL PROTECTED]> wrote: > 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.
in the early 1930s, he told businesspeople to stop cutting wages (which would have helped prevent deflation). Then he "snapped" and became totally opposed to even that anemic type of government intervention. In the 1920s, he helped organize food aid to Russia. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
