Changes

During the latter part of 1934, Currie was appointed Senior Analyst by Secretary Henry Morgenthau working with [[Harry Dexter White]] in Treasury's Division of Research and Statistics and was later made Assistant Director of Research and Statistics for the Board of Governors for the Federal Reserve System, which position he retained until 1939, also reportedly won enthusiastic recognition.

During the latter part of 1934, Currie was appointed Senior Analyst by Secretary Henry Morgenthau working with [[Harry Dexter White]] in Treasury's Division of Research and Statistics and was later made Assistant Director of Research and Statistics for the Board of Governors for the Federal Reserve System, which position he retained until 1939, also reportedly won enthusiastic recognition.

In 1938 he began to give evidence of his growing importance. In that year he put forward a plan to solve railroad troubles by a lease-lend procedure through which the railroads would get equipment in much the same way that Britain gets war goods under the Lease—Lend Bill. In that same year, he wrote an "influential memorandum" on the causes of the recession in which he discussed, among other things, Social Security taxes, and pointed out that compensatory Federal spending to stimulate heavy industry might be more flexible if concentrated outside the regular budget.  

In 1938 he began to give evidence of his growing importance. In that year he put forward a plan to solve railroad troubles by a lease-lend procedure through which the railroads would get equipment in much the same way that Britain gets war goods under the [[Lend-Lease Act]]. In that same year, he wrote an "influential memorandum" on the causes of the recession in which he discussed, among other things, Social Security taxes, and pointed out that compensatory Federal spending to stimulate heavy industry might be more flexible if concentrated outside the regular budget.  

In May of 1939, Currie gave testimony before the Temporary National Economic Committee. He reportedly showed that investments follow production and since 1932 State and local governments have been piling up savings so that the net Federal investment must be at least one billion dollars to provide equivalent purchasing power. In July of that year he was named President Roosevelt's personal Economic Advisor and Administrative Assistant. <ref>Testimony of Lauchlin Currie, August 13, 1948. Hearings Regarding Communist Espionage in the United States Government. Hearings before the [[Committee on Un-American Activities]]. U. S. Congress, House, 80th Congress, Second Session (Washington: Government Printing office, 1948) Part I, p. 852. </ref>

In May of 1939, Currie gave testimony before the Temporary National Economic Committee. He reportedly showed that investments follow production and since 1932 State and local governments have been piling up savings so that the net Federal investment must be at least one billion dollars to provide equivalent purchasing power. In July of that year he was named President Roosevelt's personal Economic Advisor and Administrative Assistant. <ref>Testimony of Lauchlin Currie, August 13, 1948. Hearings Regarding Communist Espionage in the United States Government. Hearings before the [[Committee on Un-American Activities]]. U. S. Congress, House, 80th Congress, Second Session (Washington: Government Printing office, 1948) Part I, p. 852. </ref>