No less an authority than FDR's Treasury secretary and close friend, Henry Morganthau, said in 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work…..I say after eight years of this Administration we have just as much unemployment as when we started, and an enormous debt to boot!" Similarly policy makers’ current aggressive actions remind me of the quote “Never in the history of the world has there been a situation so bad that the government can’t make it worse”.
And some comedy, compliments of the 1934 (now bankrupt) Chicago Tribune
Thursday, April 30, 2009
An Apt Comic
From Zero Hedge (the smartest blogger I've ever read... I think - I don't know how much I actually understand):