RNS Quote of the Day: 06/22/09

For the last couple weeks I have been reading and re-reading The Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy, Ph. D.

If you haven’t ventured into “The Politically Incorrect Guide” series of books, this is as good a reason as any, and as good an example as any, to start with. They are quick reads, set up almost like textbooks, and are full of relevant information from both, or in this case, all three sides of the argument.

I cannot recommend this book highly enough. From middle school students to adults, this is true intellect and knowledge base growing material. We already know why the Keynesians (such as Krugman) are wrong in theory as well as by example. This book will also show and prove how the Friedmanites (Bernanke and Greenspan) have not learned the lessons laid out for them by our grandparents’ examples.

I have a more than two weeks worth of quotes at hand, but we’ll see how long it take y’all to tire of them. And when I say “tire” I’m implying that they’ll depress you when you compare them to current events. So get your HopeAndChange supplied Zoloft and/or Prozac ready, because here we go.

To begin, I’m posting the most famous anti-New Deal quote of them all

We have tried spending money. We are spending more than have ever spent before and it does not work. And I have just one interest, and if I am wrong somebody can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. 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 Secretary of the Treasury

/sarcasm on/ Oh, those heady days of 2007? All that unregulated capitalism got us into that mess. /sarcasm off/