National Affairs: Politics v. Economy

Political economy, as every taxpayer knows, is not the same thing as economical politics. President Coolidge. shrewd politician, made a great reputation by ding-donging the nation on cutting the cost of government. Yet between 1925 and 1929 Federal expenditures rose from $3.546,826,897 to $4,559,931,993. Under Presi dent Hoover, shrewd economist, the Treasury's cash outlay climbed to $4,951,160,738 in 1931. Typical of widespread popular exasperation with Federal costs was a speech made last week by loud Col. Robert Rutherford McCormick, editor & publisher of the Chicago...

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