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The FDR Myth

javaguru

Banned
"Economics professor Dr. Thomas DiLorenzo explains the parts played by Hebert Hoover and Franklin Roosevelt in the 'Great Depression'."

 
Kudos, then read his book, "How Capitalism Saved America."

I hear and read that all the kids are into this thing called alternative media.
 
Yeah, I watch too much tv, so if something doesn't get right to the point, I stop watching. If I commit to reading something I stick with it.

Must be getting old.
 
Yeah, I watch too much tv, so if something doesn't get right to the point, I stop watching. If I commit to reading something I stick with it.

Must be getting old.

There is a lot of info in those 10 minutes but I would recommend reading the book.

It's so well written that even an Irishman can understand it...:)


I kid I kid...don't bomb me bluebird. :)
 
Bit of a red herring. Coolidge was the laissez-faire president. As for paying farmers not to grow crops, that was the only way out of the dust bowl.
 
Bit of a red herring. Coolidge was the laissez-faire president. As for paying farmers not to grow crops, that was the only way out of the dust bowl.

That doesn't explain the DoA paying farmers to not harvest crops and slaughter livestock to drive up prices. There was no dust bowl in Ohio and my grandfather was a beneficiary of those payments.
 
6:44
"...when the federal budget was cut, in absolute dollars, from 95 billion dollars to 35 billion dollars from 1945-1947 the economy took off..."
 
Government Ag Policies: Harvesting Absurdities | Robert P. Murphy

The lecture starts at about the 6 minute mark.
 
Economics, finance, all of the markets are influenced by human behavior. Consequently, what was right in one time is not right in another. Markets are dynamic. Supply side? Demand side? It all depends. Google Andrew Lo.

You are right, but only if the situation is in your realm.

Bo
 
I love the quote from Catch 22 @ 28 minutes...

"Major Major’s father was a sober God-fearing man whose idea of a good joke was to lie about his age. He was a longlimbed farmer, a God-fearing, freedom-loving, law-abiding rugged individualist who held that federal aid to anyone but farmers was creeping socialism. He advocated thrift and hard work and disapproved of loose women who turned him down. His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce. Major Major’s father worked without rest at not growing alfalfa. On long winter evenings he remained indoors and did not mend harness, and he sprang out of bed at the crack of noon every day just to make certain that the chores would not be done. He invested in land wisely and soon was not growing more alfalfa than any other man in the county. Neighbors sought him out for advice on all subjects, for he had made much money and was therefore wise. “As ye sow, so shall ye reap,” he counseled one and all, and everyone said, “Amen.”"
 
Economics, finance, all of the markets are influenced by human behavior. Consequently, what was right in one time is not right in another. Markets are dynamic. Supply side? Demand side? It all depends. Google Andrew Lo.

You are right, but only if the situation is in your realm.

Bo

I recommend "Human Action" by Ludwig von Mises...
 
Wow - can't believe the repost there.

lol

The Carter administration was a worse idea than a Swaziland sex tour.

But at least Barry's legacy will make us forget about Carter.
 
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I don't think there is anything funnier that reading "Quote posted my John Stossel's Mustache"

It would be funny if the mustache wasn't just trolling but made arguments to counter John Stossel's brain; That would be funny and ironic at the same time.
 
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