Sunday, January 11, 2009

But It Will Work This Time

“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.”
- Henry Morgenthau (FDR's Treasury Secretary)

My thoughts:
Economic ignorance allows us to fall easy prey to political charlatans and demagogues. Walter Williams

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