Eccles had reached the same conclusion as Keynes, but from personal observation of the 1929 crash.
Eccles stressed to FDR, “the crucial consideration is not the size of the deficit but the level of national income.”
The protest/counter-protest outside the Eccles Theater being just one piece of his elaborate fabric.
Eccles Ec·cles (ěk'əlz), Sir John Carew. Born 1903.
Australian physiologist. He shared a 1963 Nobel Prize for research on the action of nerve impulses.