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'''Leon Henderson'' was appointed by President [[Franklin Roosevelt]] to head up the [[Office of Price Administration]] (OPA), and [[economic planning]] board, during [[World War II]]. The OPA was wracked with mismanagement, incompetence, and complaints during its existence.
Henderson was five feet six, weighed 210 pounds, and was known for he throwing his body around, yelling and shouting orders, threatening to throw people out of windows and to exhibit himself before the populace as a sort of burly ideological comedian. It was Presidential Assistant [[Harry Hopkins]] who first led Henderson to a job in the TNEC. Then the SEC, NDAC, SPAB, OPM, WPB, OES, OPACS and, finally, OPA.
High prices are caused by inflation. Inflation is the expansion of the quantity of money available to buy things in excess of the goods available for purchase. If the number of dollars in circulation increases without an increase in the volume of goods for sale, inflation, or a raise in prices, is the result. Henderson understood it exactly backward, thinking inflation was caused by high prices.
==References==
<references/>
[[Category:biographies]]
Henderson was five feet six, weighed 210 pounds, and was known for he throwing his body around, yelling and shouting orders, threatening to throw people out of windows and to exhibit himself before the populace as a sort of burly ideological comedian. It was Presidential Assistant [[Harry Hopkins]] who first led Henderson to a job in the TNEC. Then the SEC, NDAC, SPAB, OPM, WPB, OES, OPACS and, finally, OPA.
High prices are caused by inflation. Inflation is the expansion of the quantity of money available to buy things in excess of the goods available for purchase. If the number of dollars in circulation increases without an increase in the volume of goods for sale, inflation, or a raise in prices, is the result. Henderson understood it exactly backward, thinking inflation was caused by high prices.
==References==
<references/>
[[Category:biographies]]