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THE TOCQUEVILLE FRAUD (Did Alexis De Tocqueville really say this?)
The Weekly Standard ^
| November 13, 1995
| John J. Pitney, Jr.
Posted on 07/01/2010 1:09:32 PM PDT by SeekAndFind
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To: SeekAndFind; AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
In 1987, Rep. William Dannemeyer quoted the passage's final line, adding that "America ceased to be good in 1971, when America's promise to pay ceased to be good." He was referring to President Nixon's decision to close the gold window.
There aren't any intelligent economists who think that A) that's what happened verbatim or B) that it was a bad idea. The total US debt in 1970 or so exceeded the value of the bullion held by the US government, so President Nixon ended the fiction that currency is backed by gold. Thanks SeekAndFind.
21
posted on
07/01/2010 3:41:14 PM PDT
by
SunkenCiv
("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
To: OldDeckHand
If you read McCullough's "John Adams" (and I suspect you have), you can see countless letters and transcripts cited where Adams (and his colleagues) discuss in great detail ... Tocqueville Unlikely, since Tocqueville published the first volume of his great work in 1835 and John Adams died in 1826.
To: jiggyboy
To: Sherman Logan
"Unlikely, since Tocqueville published the first volume of his great work in 1835 and John Adams died in 1826. " My mind said Vattel, my fingers typed Tocqueville. It happens when you get older. Some day, you'll understand.
To: SeekAndFind
"America is great because she is good, and if America ever ceases to be good, she will cease to be great."
...apparently Tocqueville didn't say it. So who did ?
God. It's really just a delicate way of summarizing Leviticus 26.
25
posted on
07/01/2010 9:19:22 PM PDT
by
Ezekiel
(The Obama-nation began with the Inauguration of Desolation.)
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