Skip to comments.
Great myths about the great depression [Thomas Sowell]
townhall.com ^
| October 9, 2003
| Thomas Sowell
Posted on 10/09/2003 6:22:38 AM PDT by aculeus
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-84 next last
1
posted on
10/09/2003 6:22:39 AM PDT
by
aculeus
To: aculeus
including his much-vaunted "brain-trust" of presumptuous and self-righteous peopleDoes this describe a large majority of people in government, or what?
Greatest living American thinker BTTT.
2
posted on
10/09/2003 6:27:46 AM PDT
by
Tax-chick
(I hope to shout Glory! when this world is on fire ...)
To: aculeus; snopercod
Bump.
To: All
Flame warriors, unite!
|
|
Donate Here By Secure Server
Or mail checks to FreeRepublic , LLC PO BOX 9771 FRESNO, CA 93794
or you can use
PayPal at Jimrob@psnw.com
|
STOP BY AND BUMP THE FUNDRAISER THREAD- It is in the breaking news sidebar!
|
4
posted on
10/09/2003 6:28:09 AM PDT
by
Support Free Republic
(Your support keeps Free Republic going strong!)
Comment #5 Removed by Moderator
To: aculeus
Yes, I have read of FDR's extending and deepening the depression before. Classic liberal "create a problem, then demand a massive expansion of government in the name of solving it".
I will have to buy a copy of this book. It is probably worth it to debunk many of the FDR lovers.
6
posted on
10/09/2003 6:31:51 AM PDT
by
marktwain
To: aculeus
Anyone read this yet? How about a book report if you do.
FDR's Folly
7
posted on
10/09/2003 6:33:08 AM PDT
by
BubbaBasher
(Diversity is something that should be overcome, not celebrated.)
To: aculeus
Some of the things FDR did were good. Shutting down all the insolvent banks, even the state banks, was probably the best. When FDR took office, he declared a Bank Holiday, and sent teams of auditors all over the country. Only solvent banks could re-open. The Great Depression turned around right then and there.
Unfortunately, it had a long way to go.
Sowell is right that the Federal Reserve did raise interest rates again and put the country back into depression circa 1936, but that was due to trying to maintain the US gold supply. There just wasn't enough gold in the whole world to have gold-backed money without deflation and depression.
It's possible that letting the gold/dollar ratio "float" would have worked, but they've never done that. The "gold standard" gold/dollar-gold/pound ratio has always been dictated by central bankers.
8
posted on
10/09/2003 6:34:11 AM PDT
by
CobaltBlue
(What would Ronnie do?)
To: zip
ping
9
posted on
10/09/2003 6:34:33 AM PDT
by
Mrs Zip
To: First_Salute
Some of the people who most admired and almost worshipped FDR -- poor people and blacks, for example -- were hurt the most by amateurish tinkering with the economy by Roosevelt's New Deal administration.And they're still on the plantation yet today and loving it.
10
posted on
10/09/2003 6:37:11 AM PDT
by
snopercod
(BEGIN PGP ENCRYPED TAGLINE: )dfk04!-+=k[0kom,4EG-98a;f7fqa\{0faGFYbbXsa9J69376mKJ098sd=Ln-D)
To: aculeus
Scholarly studies of the history of these two administrations have in recent years come to see FDR's New Deal as Herbert Hoover's policies writ large and in bolder strokes.
What has always puzzled me by Hoover's actions was the fact that as a "civilian" he was a highly successful businessman/owner and one of the (if not the) wealthest mining enginers on earth. I can only assume that he was struck down with Potomic Fever.
11
posted on
10/09/2003 6:37:20 AM PDT
by
yankeedame
("I assure you I was just whistling for a cab.")
To: Mrs Zip
As the financial world contracts into fewer and larger entities the possibility of disaster becomes greater. Even foreign control of our financial system is possible. At that point the independence of this country is in effect negated.
Foreigners will take over the country without firing a shot.
12
posted on
10/09/2003 6:38:54 AM PDT
by
steve8714
(Homer Simpson is my role model.)
To: aculeus
don't forget teh beginning of the biggest Ponzi scheme and the beginning of the transfer of wealth in history, i.e. Socialistic Insecurity, and payroll income tax withholding that allowed the government to steal more money from the people a small bite at a time.
13
posted on
10/09/2003 6:41:22 AM PDT
by
Blood of Tyrants
(Even if the government took all your earnings, you wouldn’t be, in its eyes, a slave.)
To: BubbaBasher
If Sowell's recommending it, I'll probably read it. His Quest for Cosmic Justice and Vision of the Annointed are excellent.
To: aculeus; newgeezer
In reality, both presidents represented a major break with the past by casting the federal government in the role of rescuer of the economy in its distress. To suggest that this is not a priority of the government is either stupidity or a lie. Ofcourse the Federal government should do what it can to help the economy.
15
posted on
10/09/2003 6:41:39 AM PDT
by
biblewonk
(Spose to be a Chrisssssssstian)
To: biblewonk
Of course the Federal government should do what it can to help the economy.Citations from the Constitution, please, sir, (1) establishing this as a goal and (2) giving authority for what? specific actions.
16
posted on
10/09/2003 6:48:15 AM PDT
by
Tax-chick
(Too cold to start a fire ... I'm burning diesel, burning dinosaur bones ...)
To: Tax-chick
The what? LOL
17
posted on
10/09/2003 6:49:59 AM PDT
by
biblewonk
(Spose to be a Chrisssssssstian)
To: TonyRo76
Speaking of worshipping FDR...
When I was a little boy (early 1960's), I remember my great-grandmother had a framed photo of FDR hanging in the dining room of their home.
18
posted on
10/09/2003 6:56:12 AM PDT
by
Bosco
To: TonyRo76
I've long thought that the whole mess we're in, with taxes out the wazoo and gubmint largesse flowing into the hands of do-nothings, all has its roots in FDR's meddling with the economy like no president before him. Roosevelt was much enamored of socialist economist John Maynard Keynes and of "Uncle Joe" Stalin. Keynes believed that the market could not take care of itself so proposed direct government intervention in economic matters. I think everyone now knows what "Uncle Joe" believed. Anyhow, you're right: Franklin Roosevelt, patrician fool that he was for the most part, brought socialism to America.
To: CobaltBlue
Goggle Louis T. McFadden and read the speech he gave to congress in 33. The week of 3 attempts on his life, the third being sucessful.
20
posted on
10/09/2003 6:58:00 AM PDT
by
steve50
( Democracy is a form of religion; it is the worship of jackals by jackasses. -- H.L. Mencken)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81-84 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson