To: Kaslin
“he began arbitrarily tinkering with the price of gold. “
Didn’t Roosevelt outlaw the private ownership of gold?
2 posted on
06/27/2007 5:15:12 AM PDT by
sickoflibs
(Are libs really as dumb as they act??(maybe they just assume we are that dumb))
To: sickoflibs
7 posted on
06/27/2007 5:22:34 AM PDT by
Kaslin
(Fred Thompson for President 2008)
To: sickoflibs
“he began arbitrarily tinkering with the price of gold. “ Didn’t Roosevelt outlaw the private ownership of gold?
YES! However after everyone was ORDERED to turn in their gold..., the price of gold miraculously increased by 30+% (too late for the law-abiding citizens...)!
Coincidence (only a simpleton would think so)!
8 posted on
06/27/2007 5:22:37 AM PDT by
ExSES
(the "bottom-line")
To: sickoflibs
Milton Friedman has an analysis of the causes in his book “Free to Choose” far be it from me to gainsay him. It was bad monetary policy by the Fed.
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