Believe or not, the man behind the New Deal economics was a Republican. Marriner Eccles who was chairman FED from 1934 to 1945,fired by Harry Truman but stay on until his term as FED governor expired in 1948. Eccles was not only Republican, but come from in richest families in West( I believe his family still owns Zion Bank) and also he was Mormon.He believe deceit spending, more spending on walfare, and taxing the rich.
I think in 1954 he try to become the Senator from Utah, however, because he was tried to F.D.R the G.O.P denied him the nomination.
No comments:
Post a Comment