Herbert Hoover

This comes from the blog News from 1930 on financial news from this day in… 1930 (I don’t what they plan to do after New Year’s Day): Bankers Trust of Philadelphia closed after heavy withdrawals; had 135,000 depositors, total deposits…

This comes from the Blog News from 1930 which tells us what happened on this day in 1930 according to the Wall Street Journal: Pres. Hoover criticizes wide variety of extensive relief measures introduced in Congress as “playing politics…

This excerpt comes from the blog News from 1930 which gives us a day-to-day account of what was being reported in 1930 before the worst of the Great Depression hit. “The unemployment situation in New York is critical. Unless it is…

This is a post I originally posted over at Yves Smith's site, Naked Capitalism, in April 2008. My intent here is not to malign Obama, Roosevelt or Hoover or make facile comparison but to identify important differences between the economic…

Recently, deficit hawks have been pushing a nefarious line of argument that I need to debunk right here and right now. The line goes as follows: we need to spend government monies now to get the economy back on its feet. In a couple of…