What Exactly Is The Rescue Plan Achieving?

December 8, 2008 by Douglas A. McIntyre

John Tamny, RealClearMarkets

During the dark days of the Great Depression, Treasury Secretary Henry Morgenthau relayed to President Roosevelt the details of a conversation he had with his son, Henry III. When asked by his namesake to explain the New Deal, Morgenthau admitted that he struggled to find an answer, any kind of answer that would articulate what in fact the New Deal had achieved.

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