During testimony on his nomination, when Secretary of the Treasury Geithner was asked about errors made in the Great Depression, he replied:
There were two:
1. Monetary stimulation ended too soon.
2. Heed was not taken of the dollar foreign exchange position.
Think hard on the implications of both these points…
Zur Erinnerung: “great” bedeutet auch ‘grossartig’ – Huii – das wird ein Fest!