Stop drinking the bong water and perhaps you'll stop hallucinating so much.
Actually, the SEC was formed by FDR; however, rules and regulations covering trades etc., began under the BUTTONWOOD TREE; which is where the NYSE began.
Yes, there have been lots of changes, since those early days, in the streets of Manhattan, but then, crooks keep coming up with new schemes and scams.
During the time that America was on the gold standard, there were fewer rules and regulations covering the market and banking, there was a constant cycle of PANICS, DEPRESSIONS ( the one from '29 - the early '40s , was hardly something new ), RECESSIONS, AND BANK FAILURES. I take it that that's what you would like to go back to, from what you've been posting.
Hmmmmmmmmmm...history is certainly not your forte. Governments have decided what the price of gold was to be, if memory serves...which it does. :-)
Have you no recollection of gold at $35 an ounce? Did the "free market" set that price? Ummmmmmmmmm...why no, it didn't.
Oh, so Iran and Venezuela don't HATE America? Trying to manipulate currencies, by them has nothing whatsoever to do with their shared dream of harming us and bringing us to our knees? REALLY?
ROTFLMSO.............you haven't the fainest idea what the FFS stood for, what their "values" were, nor, fir that matter, what mine are. But do keep yourself puffed up and warm, with the thought of just how "special" and "superior" you are, because nobody else thinks so; just you.
LOL
Where did you get that?...googling up wikipedia...
LOL...how utterly predictable...
GEEE....you sound like such an expert...
LOL Whats next?....I half-assed biography on Morgan?
After FDR, every politician was a hack (although there were more than a few before him as well) who cared less for the free market and more for control of it. That includes Saint Ronnie as well. He talked a good game but didn't follow through (be a good Republican and lay all the blame at the feet of Congress eh?)
Stop drinking the bong water and perhaps you'll stop hallucinating so much.
What gave you the idea that I used drugs? An ability to think for myself and understand the principles of the free market?
During the time that America was on the gold standard, there were fewer rules and regulations covering the market and banking, there was a constant cycle of PANICS, DEPRESSIONS ( the one from '29 - the early '40s , was hardly something new ), RECESSIONS, AND BANK FAILURES. I take it that that's what you would like to go back to, from what you've been posting.
Yes, the gold standard caused it all. How dare economies be based on hard currency for close to '3000 years'. Why until these United States came along and 'saved' them it was just a daily horror. And again you are wrong. The depression beginning in 29 was new. It was one of the first times that a government intruded itself so far into the market. Which caused the depression to last at least twice as long as it should have. All praise FDR...
Oh, so Iran and Venezuela don't HATE America? Trying to manipulate currencies, by them has nothing whatsoever to do with their shared dream of harming us and bringing us to our knees? REALLY?
Aside from their political views no it doesn't. If I ran a nation, I wouldn't base my trade on the dollar, I'd more than likely base it on the Euro. You remember that unit of currency that dollar worshippers ridiculed but which has since stabilized and is worth more than the almighty dollar
ROTFLMSO.............you haven't the fainest idea what the FFS stood for, what their "values" were, nor, fir that matter, what mine are. But do keep yourself puffed up and warm, with the thought of just how "special" and "superior" you are, because nobody else thinks so; just you.
Again, obfuscation. Read my posts. Go back for the past 6 years through my posts. Find one politically based post that cannot be traced to the ideals of the Framers from their own words. Of course you won't. I realize that. Most of my posts are beyond your ken. When I invoke the name of a Framer, I not only know their name but their words. Now that I think about it, I don't think I've ever seen you post a single quote from any of the Framers or their peers
I'd rather you post a couple more paragraphs of drivel with a ROTFLMSO to wrap it all up eh?