Many of our readers who are American history buffs may recognize the author of this famous quote:

We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong…somebody else 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!

If your answer was Pete Buttigieg or Janet Yellen, nice try, but no. You’re off by more than 80 years.

It was FDR’s longtime Treasury Secretary Henry Morgenthau, Jr. in May 1939, during the end of the Great Depression, quoted in Burt Folsom’s great book “New Deal or Raw Deal”.

Didn’t work then. Doesn’t work now.