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Roosevelt, I think, read very, very little in his whole life in the field of economics. I put in my book what John Maynard Keynes said about him. Keynes came over here when Roosevelt was President. Keynes's theories and economic ideas were being utilized all through the government. Some of them were what we were operating on, really. Many of us regarded the fact that he thought this out, or that he approved of a particular form of action, as pretty good authority for trying it. It was the best advice we could get. If he thought it would work, then we'd try it.

When he came over for consultations and to see people - I really don't remember why he was brought over here, but he was - he naturally wished to see the President. He was conferring with Treasury people and people from Commerce, I suppose. He'd come on an official visit and so he wanted to see Roosevelt. The President was delighted to see him. I told the President who he was. He knew all about him. He had heard all about Maynard Keynes. Everybody who came in to propose a new program - or many of them - had said, “Now, Keynes says....” So he knew that Keynes was important.

He was delighted to see Keynes and had a good talk with him. I made the appointment and Keynes came over to seeme right after he left the President. He'd had perhaps half an hour with him. Keynes and I had some conference on