Bernanke's bent for openess will serve him well
After the United States left the gold standard in 1933, president Roosevelt would hold a conference from his bed with his advisers. There, he personally set a daily target for bumping up the gold price, not always through scientific methods.
One day, November 3, the president suggested that gold should go up 21¢. "It's a lucky number," he explained, "because it's three times seven."
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