Economics and FDR

"FDR, who embraced 'progressive ideas,' certainly wasn't a thinker. 'Roosevelt responded less to principles than to personalities, and these could be presented best in conversation,' observed historian George Martin. Indeed, FDR appeared to be utterly ignorant of economics. He seemed willing to try practically anything as long as it involved more government control over the economy. He was apparently unaware that such policies had been tried before in many other countries - and failed." ~Jim Powell in FDR's Folly (emphasis mine)