To: i-node who wrote (580017 ) 8/14/2010 1:17:39 PM From: combjelly Read Replies (1) | Respond to of 1571848 "You continue to ignore Morgenthau's remark" Not really. History has proven him wrong. I don't really blame him, he was one of the most foremost economist of his time. Which doesn't mean he was right. Just the opposite, in fact. It was the very economics he championed that led to the problem in the first place. " Yet, FDR himself escalated Morgenthau's role in the administration over its entire term based, surely, on FDR's own confidence in his understanding of these issues." Morgenthau was the best he had at the time. Note that the one time FDR took his advice, we had the Recession of 1937-1938. "Your argument, aside from being ridiculous tired and vague and meaningless" Of course, it is none of those. You would wish it were so, but... "has been shown time and again to be totally without foundation." He says, while whistling past the graveyard... That hasn't happened. I will grant you that you have made some strongly worded statements to that effect. Actual proof has been pretty light. As in non-existent. " We were engaged in a "WORLD" war that kept countries afloat in the same way government spending programs of the New Deal did here in the 30s." Not the world. Some countries, like Britain, Canada and Australia, adopted austerity measures like Morgenthau promoted. They did exceptionally lousy. And, interestingly enough, the country which did the best, Russia, had policies totally different. "You obviously don't understand the coincidence involved, but there is so much you miss, it is isn't surprising." Projecting again, i-node. You are doing your best to ignore what is pretty clear, not I. And you seem to have missed everything but the few little slivers you can twist to support your preconceptions.