The Fed chair at the time was held by Marriner Eccles, who understood government monetary and fiscal operations. That has since been forgotten, ignored, or suppressed.The LensWhy FDR's Fed Chair Opposed His Plan to Expand Social SecurityStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/why-fdrs-fed-chair-opposed-his-plan
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