GEORGE M. HUMPHREY

(George Magoffin Humphrey)


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He was expressing his cynicism about deficit spending leading affluence. However, those who advocate government counter-cyclical spending have never advocated constant deficit spending, but have urged deficit spending for specific periods and when the economy has turned around, stopping the spending and reducing the deficit.


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George M. Humphrey
George M. Humphrey
  • Born: March 8, 1890
  • Died: January 20, 1970
  • Nationality: American
  • Profession: Lawyer

George Magoffin Humphrey was an American lawyer, businessman and banker. He served as the United States Secretary of the Treasury for President Dwight D. Eisenhower.