A Multiple of 3 – FDRs lucky number

Amity Shales, from a speech at Hillsdale College:

“As Henry Morgenthau [Secretary of the Treasury under FDR] reports in his diaries, prices were set by the president personally. FDR took the U.S. off the gold standard in April 1933 and by summer he was setting the gold price every morning from his bed. Morgenthau reports that at one point the president ordered the gold price up 21 cents. Why 21,  Morganthau asked. Roosevelt replied, because it’s 3×7 and three is a lucky number. “If anyone knew how we set the gold price,” wrote Morganthau in his diary, “they would be frightened.”

(Emphasis mine.)

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2 responses to “A Multiple of 3 – FDRs lucky number

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