According to one account, Herbert Hoover, when queried a short time after he left office if there was anything he should have done while President that he had not done, replied: "Repudiate all debts."
From Franklin D. Roosevelt and the New Deal, 1932-1940 by William E. LeuchtenburgHarper Torchbooks, The University Library, Harper & Row, Publishers, New York, 1963
Chapter 3: The Hundred Days' War, page 53
3 comments:
Good to know.
Nice find.
Hoover was actually a great humanitarian.
But he did not believe in any of the new deal policies, and thought austerity was the way to go.
Even with debt repudiation, I doubt that there wold have been as good an outcome.
JzB
Post a Comment