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This book is written to challenge accepted norms of the time. Eccles points out that 'the siphoning effect' of a few may benefit them but ultimately harms the economy for all. It is a great read and is relevant in our economy today as the ideas he inspired have been attacked for decades by supply side economists who can't explain or understand the deficits and debt they have created while allowing 'siphoning of capital' and wealth redistribution to move upward. If you want to understand the underlying causes of inequality and economic malaise of today, read this book.
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Mariner Eccles wrote a book in which he seeks to self justify the New Deal agenda he provided to a desperate FDR. FDR was seeking a way out of his campaign pledge of a balanced budget and was casting about. Luckily for his being able to back out, there was Mariner Eccles stoking his own ego on the lecture circuit. Mariner takes too much credit for rescuing a few western banks but nonetheless uses that as his entry into the ego big-league he was experiencing on the lecture circuit then to the Oval Office where he plays into the hands of a needy FDR. Credit should be given to what propelled Mariner into his ill-gotten prestige. Contrary to the case he makes, it was actually the very conservative, largely Mormon depositors and investors who provided the stability for his accomplishments. Rather than giving demographics any credit, Mariner seeks to take it all for himself yet spares few words denigrating the religious and philosophical belief system of those who provided his platform through their sacrifice and self discipline. This book and the usurper who provided the means to lead this nation into bankruptcy needs to be studied for the lies it tells.