“It is indeed a crisis but one that was, to an embarrassing extent, made right here in America. It was foisted on Puerto Ricans by one lousy New Dealer in particular. His name was Rexford Guy Tugwell. By 1941, Rexford Guy Tugwell had behind him a 20-year career of pontificating for big government and managing expensive government flops. Somehow that gave Franklin Roosevelt the idea of naming him governor of Puerto Rico. What Tugwell did for the mainland, he could now do for an island. Maybe this central planning stuff works better if you work small, right?”
http://fee.org/anythingpeaceful/detail/the-man-who-sowed-the-seeds-of-puerto-ricos-collapse
Related posts:
‘Peace Through Strength’ Is a Racket
Australia To Start Taxing Bank Deposits
A Curious Photo from the Egyptian Riot Front
War On Drugs Now Sees FDA Targeting Over-The-Counter Anti-Diarrheals
Honi Soit Qui 'Mali' Pense
US Unlikely To Crack China FATCA Agreement
The Future of Bitcoin - Bust, Bubble or Breakthrough?
JP Morgan Admits That "QE Will Offset Almost All Of Next Year’s Government Deficit"
Wendy McElroy: I Pledge Allegiance to PHRMA
Millions of Chinese Smartphone Users Can’t Be Wrong
Federal Judge Eviscerates Albuquerque's 'Asset Forfeiture' Racket
G20 verdict: US has little global support for Syria strike
Editorial-Page Fiction at the New York Times
How to become a drone target
Pentagon Plans To Identify All Smartphone Users By Gait, Wrist Tension