In the great depression, ...

In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as \'the madman in the White House.\' . . . [It\'s one more] striking example of inability to learn from experience.
In the great depression, things could only be set right by causing the idle plant to work again . . . Roosevelt . . . spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.' . . . [It's one more] striking example of inability to learn from experience.
 Bertrand Russell

Quotes from the same author

Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd.
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 Bertrand Russell
We may say, in a broad way, that Greek philosophy down to Aristotle expresses the mentality appropriate to the City State; that Stoicism is appropriate to a cosmopolitan despotism; that stochastic philosophy is an intellectual expression of the Church as an organization; that philosophy since Descartes, or at any rate since Locke, tends to embody the prejudices of the commercial middle class; and that Marxism and Fascism are the philosophies appropriate to the modern industrial state.
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 Bertrand Russell
To conquer fear is the beginning of wisdom.
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 Bertrand Russell
The happiness that is genuinely satisfying is accompanied by the fullest exercise of our faculties and the fullest realization of the world in which we live.
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 Bertrand Russell
Real life is, to most men, a long second best, a perpetual compromise between the ideal and the possible.
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 Bertrand Russell