When asked by President Herbert Hoover in 1932 for advice about the depression, leading economists Joseph Schumpeter of Harvard and Lionel Robbins of the London School of Economics answered that the government should do precisely nothing.
Our analysis leads us to believe that recovery is sound only if it comes of itself.
In 1936, Schumpeters Harvard colleague Thomas Nixon Carver spoke publicly of the desirability of sterilizing all paupers in the U.S. so they could not breed and perpetuate their kind. He defined a pauper as anyone earning less than $1800 a year, a category that then embraced around half of all the families in the country.
(See John Kenneth Galbraiths Economics in Perspective, Houghton Mifflin, 1987 p. 196; the above passages are paraphrases and not exact quotes)