That FDR issuedremained low throughout the Great Depression is from page 161of the same book.The statement that lending by banks during the 1930s was at about hat：I the level of the 1920s is from page BE of the January 27，2009issue of the her York Times，from an article beginning on page B1under the headline “Something to Fear，After All.”The fact that the unemployment rate never feh below the double-digit level for any year during FDR’s first two terms in office is shown on page 77of Out oJlForéby Richard Vedder and Lowell Gallaway.The study which concluded that the New Deal policies prevented a normal recovery in the economy and prolonged the Great Depression was published in the August 2004issue of the /oiimiz/oJPo/ifirii/Economy，“in an article titled “New Deal Policies and the Persistence of the Great Depression：A General Equilibrium Analysis.”Unemployment rates in the United States for the years 1937，1940，1941，1942，and 1943to 1945are shown on page 126of Part 1of Historical Statistics of the United States.-Colonial Times to 1970，a publication of the U.S.Bureau of the Census published in 1975.The federal deficit for the years 1936and 1940can be found on page 1105of Part 2of the same publication.FDR’s discussion of “Dr.New Deal”and “Dr.Win-the-War”can be found on pages 569to 571of The Public Paf？ers andAddresses ofFranlilin D.Roosevelt.-1943Volume，published by Harper 8c Brothers.
The fact that FDR enlisted the leadership of individuals from the business and financial sectors when mobilizing the United States for World War II is discussed on pages 22，23，and 24of Def？ression，War，and Cold War.-Challenging the Myths of Confiict and Prosf？erity by Robert Higgs.The decline in the velocity of the circulation of money during the Great Depression was discussed on pages 301to 303o？A Monetary History ofthe United States.-1867——1960by Milton Friedman and Anna Jacobson Schwartz.Media criticisms of President Ronald Reagan for not intervening in the economy in the aftermath of the stock market crash of October 1987can be found on page A35of the October 22，1987issue of the her York Times，under the headline “Abroad at Home：It’s Morning Again”；on page A2of the October 29，1987issue of the Washington Post，in an article titled “Fiddling While Wall St.Burns”；and section 4，page 27of the November 22，1987issue of the her York Times，in a column titled“Banking and Finance in the Twentieth Century，”written by Eugene N.White and published in T’Zie Cambridge Economic History of the United States，Volume 3.
The Z’uieiifiet3Century，edited by Stanley L.Engerman and Robert E.Gallman.The comments from J.A.Schumpeter on non-intervention in an economy during a downturn are from page 110of his essay “Depressions：Can We Learn from Past Experience？”in Essays of ]M .Scliumj？eter，edited by Richard V.Clemence.Karl Marx’s remark about ”crackbrained meddling by the authorities”is from his letter to Friedrich Engels dated February 3，1851and reprinted on page 275of Volume 38of their Collected Work in the edition published in Moscow in 1982.The advertisement signed by hundreds of economists in January 2009stating that increased government spending had not succeeded in pulling the United States out of the Great Depression and would not succeed in alleviating the current economic crisis appeared on page All of the January 28，2009issue of the 7\/eu？Peru Z"imei，under the headline，”With all due respect Mr.President，that is not true.”The comments of Alan Reynolds about the severity of recessions after the creation of the Federal Reserve appeared on page Al3of the August 21，2009issue of the hell St：reet journalunder the headline “Big Government，Big Recession.”
Walter Lippmann’s comments about the goals of the New Deal were quoted on page xv of FDRs Folly by Jim Powell.That many of the decision makers of the New Deal administration were advocates of government intervention and in favor of restructuring the economy，even before the stock market crash of 1929and the Great Depression，is discussed on pages 3，10，and 15o？FDRs Folly by Jim Powell，and also pages 53to 56and 64to 69o？The Forgotten Man by Amity Shlaes.Professor Alan Blinder’s comments on the stimulus bill of 2009are from page A13of the February 4，2009issue of the Wall Street journal，under the headline “My Economic Wish List.”The fact that the Obama administration’s pay czar increased the base salaries of some of the employees under his review is from page C1of the October 28，2009issue of the Wall Street journal，in an article tided ”Pay Czar Increased Base Pay at Firms.”Rahm Emanuel’s remarks about crisis as an opportunity not to be ‘wasted”were quoted on page 25of the February 1，2009statement that most economists believe the current recession will end before much of the stimulus spending takes hold is quoted from page A17of the September 1，2009issue of the Wall Street journal under the tide “What Happened to the ‘Depression"？”Paul Johnson’s quote can be found on page 138of 7"6e Quotable Paul Jettison edited by George J.Marlin，et at.
