The Lessons Of 1937

rss@dailykos.com (Armando), Daily Kos
Sat, 11/24/2012 - 8:00pm

Henry Morganthau, Jr., one of the worst Treasury Secretaries ever. You have probably heard a lot about 1937, when FDR made his gravest economic policy mistake, and made deep cuts to federal spending (the chief deficit hawk of the day—Henry Morganthau, Jr. was FDR's treasury secretary), thinking the Great Depression was beaten back.

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