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United States Economics - Money Whither

Fertile economics

October 24th 2010 06:38
Harold Ickes
Harold Ickes, US Secretary of the Interior from 1933 to 1946.
In another time and another downturn, President Franklin Delano Roosevelt fought the Great Depression with all the weapons he could muster, boosting public spending, lowering interest rates to encourage lending etc.


In 1933 the US Secretary of the Interior, Harold Ickes, was asked why the president was so bent on shaking things up.

"You can't fertilize a 40-acre field," Ickes said, "by farting through the fence."


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