Abstract

The Fiscal Faro Game
Mussey, Henry Raymond | February 14, 1934 issue

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U.S. President is playing dealer in a giant faro game. The cards he draws from the box are the successive moves in the recovery program, and the stakes appear to be no less than interests in the existing social order. When President Franklin D. Roosevelt took office on March 4 last, be brought to an end a fiscal regime of an ignorance and stupidity almost incredible. The author refers to the Treasury policies of Andrew W. Mellon, policies essentially unchanged by Mellon's much more intelligent successor, Ogden L. Mills. Roosevelt began with great skill and daring by making a savage slash in government expenditures and by propounding the idea of an extraordinary budget.

See Also:

FARO; SOCIAL order; EXPENDITURES, Public; PRESIDENTS -- United States; ROOSEVELT, Franklin D. (Franklin Delano), 1882-1945; UNITED States
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