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One Year: 1942 | 1. The Most Hated Man in America

Slow Burn

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Leon Henderson's Failure to Keep Inflation Under Control

Henderson resigned in mid-December, telling the president that he had a bad back. He'd later helped found a liberal interest group, but his days in power were over. How much credit does Henderson deserve for keeping inflation under control? Let's put it this way, if inflation had not been brought under control, we would probably be blaming Henderson for not having done what he needed to do.

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