.Fifty Billion To Play With?
The Fear of Fiscal Drag
The famed economist analyzes the distortions and
recklessness of a recent article by one of the Times'
kept Keynesians. Not pretty, eh, Watson?
·'For three long years," warned
President Roosevelt on March 10,
1933, when he had been in office only
a week, "the Federal Government has
been on the road to bankruptcy . . ..
[By the end of the fiscal year 1934]
we shall have piled up an accumulat
ed deficit of $5 billion ....
1365-Fifty Billion To Play With? The Fear Of Fiscal Drag.pdf