9-19-08 The day the Truth was spoken.

[Arraya]

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.

I am going to write this in capital letters so you hear this better. WHY ON EARTH WOULD YOU BELIEVE THEM NOW WHEN THEY HAVE BEEN LYING TO US EVERY STEP OF THE WAY!

Got it. Paulson and Bernancke have been deliberately lying to Americans for well over a year, with their “it’s contained” bs. Hell, take it back to 06 when Paulson said housing had reached bottom. At no point could they have actually believed this. Failing to act decisively and honestly, they let this continue to roll down the cliff.

[BKlawyer]

Most schools don’t teach the REAL causes of the great depression and the economic recovery that took almost 20 years BECAUSE of Govt. intervention.

http://www.mackinac.org/article.aspx?ID=4013

[BKlawyer]

Most schools don’t teach the REAL causes of the great depression and the economic recovery that took almost 20 years BECAUSE of Govt. intervention.

http://www.mackinac.org/article.aspx?ID=4013

[BKlawyer]

Most schools don’t teach the REAL causes of the great depression and the economic recovery that took almost 20 years BECAUSE of Govt. intervention.

http://www.mackinac.org/article.aspx?ID=4013

[BKlawyer]

Most schools don’t teach the REAL causes of the great depression and the economic recovery that took almost 20 years BECAUSE of Govt. intervention.

http://www.mackinac.org/article.aspx?ID=4013

[BKlawyer]

Most schools don’t teach the REAL causes of the great depression and the economic recovery that took almost 20 years BECAUSE of Govt. intervention.

http://www.mackinac.org/article.aspx?ID=4013

[OnPoint]

[quote=svelte]If we can afford to spend $1 trillion to $2 trillion (projected total expenditure from this article: http://www.nytimes.com/2008/03/19/washington/19cost.html – also the original Bush Administration extimate for the Iraq War? $50 to $60 billion) looking for WMD in Iraq, then surely we can spend $1 trillion saving our own a$$.

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.[/quote]

I won’t dispute you on the relative merit of war expenditures, but…

There are robust arguments that the gov’t caused the “Great” Depression. See Rothbard’s “America’s Great Depression for a start: http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/0945466056/ref=sr_1_1?ie=UTF8&s=books&qid=1221927310&sr=8-1

Of course, we don’t typically receive this perspective from state-run schools.

[OnPoint]

[quote=svelte]If we can afford to spend $1 trillion to $2 trillion (projected total expenditure from this article: http://www.nytimes.com/2008/03/19/washington/19cost.html – also the original Bush Administration extimate for the Iraq War? $50 to $60 billion) looking for WMD in Iraq, then surely we can spend $1 trillion saving our own a$$.

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.[/quote]

I won’t dispute you on the relative merit of war expenditures, but…

There are robust arguments that the gov’t caused the “Great” Depression. See Rothbard’s “America’s Great Depression for a start: http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/0945466056/ref=sr_1_1?ie=UTF8&s=books&qid=1221927310&sr=8-1

Of course, we don’t typically receive this perspective from state-run schools.

[OnPoint]

[quote=svelte]If we can afford to spend $1 trillion to $2 trillion (projected total expenditure from this article: http://www.nytimes.com/2008/03/19/washington/19cost.html – also the original Bush Administration extimate for the Iraq War? $50 to $60 billion) looking for WMD in Iraq, then surely we can spend $1 trillion saving our own a$$.

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.[/quote]

I won’t dispute you on the relative merit of war expenditures, but…

There are robust arguments that the gov’t caused the “Great” Depression. See Rothbard’s “America’s Great Depression for a start: http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/0945466056/ref=sr_1_1?ie=UTF8&s=books&qid=1221927310&sr=8-1

Of course, we don’t typically receive this perspective from state-run schools.

[OnPoint]

[quote=svelte]If we can afford to spend $1 trillion to $2 trillion (projected total expenditure from this article: http://www.nytimes.com/2008/03/19/washington/19cost.html – also the original Bush Administration extimate for the Iraq War? $50 to $60 billion) looking for WMD in Iraq, then surely we can spend $1 trillion saving our own a$$.

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.[/quote]

I won’t dispute you on the relative merit of war expenditures, but…

There are robust arguments that the gov’t caused the “Great” Depression. See Rothbard’s “America’s Great Depression for a start: http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/0945466056/ref=sr_1_1?ie=UTF8&s=books&qid=1221927310&sr=8-1

Of course, we don’t typically receive this perspective from state-run schools.

[OnPoint]

[quote=svelte]If we can afford to spend $1 trillion to $2 trillion (projected total expenditure from this article: http://www.nytimes.com/2008/03/19/washington/19cost.html – also the original Bush Administration extimate for the Iraq War? $50 to $60 billion) looking for WMD in Iraq, then surely we can spend $1 trillion saving our own a$$.

I still fail to comprehend the number of people who, even after studying the Great Depression in school, still seem to think no govt intervention is the right answer.[/quote]

I won’t dispute you on the relative merit of war expenditures, but…

There are robust arguments that the gov’t caused the “Great” Depression. See Rothbard’s “America’s Great Depression for a start: http://www.amazon.com/Americas-Great-Depression-Murray-Rothbard/dp/0945466056/ref=sr_1_1?ie=UTF8&s=books&qid=1221927310&sr=8-1

Of course, we don’t typically receive this perspective from state-run schools.

[barnaby33]

Wasn’t the great depression caused by the excessive credit creation and liquidity driven mania of the 20’s? I suppose that was govt intervention as well.

The govt cannot create wealth, it can only re-distribute it. The great depression was a massive loss of confidence in the financial system, we are at that precipice once again. All the govt can do in this case is shift the cost from the banks to the taxpayer, it cannot magically make the risk go away. That is the fallacy of govt intervention.

Josh

[barnaby33]

Wasn’t the great depression caused by the excessive credit creation and liquidity driven mania of the 20’s? I suppose that was govt intervention as well.

The govt cannot create wealth, it can only re-distribute it. The great depression was a massive loss of confidence in the financial system, we are at that precipice once again. All the govt can do in this case is shift the cost from the banks to the taxpayer, it cannot magically make the risk go away. That is the fallacy of govt intervention.

Josh

[barnaby33]

Wasn’t the great depression caused by the excessive credit creation and liquidity driven mania of the 20’s? I suppose that was govt intervention as well.

The govt cannot create wealth, it can only re-distribute it. The great depression was a massive loss of confidence in the financial system, we are at that precipice once again. All the govt can do in this case is shift the cost from the banks to the taxpayer, it cannot magically make the risk go away. That is the fallacy of govt intervention.

Josh

[barnaby33]

Wasn’t the great depression caused by the excessive credit creation and liquidity driven mania of the 20’s? I suppose that was govt intervention as well.

The govt cannot create wealth, it can only re-distribute it. The great depression was a massive loss of confidence in the financial system, we are at that precipice once again. All the govt can do in this case is shift the cost from the banks to the taxpayer, it cannot magically make the risk go away. That is the fallacy of govt intervention.

Josh

[Author]

Posts