The Forgotten Man

[HarryBosch]

Amity Shlaes, author of a new history of the Great Depression, talks about Franklin D. Roosevelt’s baleful economic legacy, the growth of government, and the death of classical liberalism.

Shlaes shows how both Hoover and Roosevelt “overestimated the value of government planning” and intensified and prolonged the very problems they were seeking to fix.

http://www.reason.com/news/show/123476.html

In her meticulously researched new history of the Depression, The Forgotten Man (HarperCollins), journalist Amity Shlaes describes the received catechism of the era: “Roosevelt made things better by taking charge. His New Deal inspired and tided the country over. In this way, the country fended off revolution of the sort bringing down Europe. Without the New Deal, we would all have been lost.…The attitude is that the New Deal is the best model we have for what government must do for weak members of society, in both times of crises and times of stability.” But that conventional account, she writes, fails to capture “the realities of the period.” Shlaes shows how both Hoover and Roosevelt “overestimated the value of government planning” and intensified and prolonged the very problems they were seeking to fix.

[4plexowner]

History clearly shows that government intervention in financial markets makes matters worse – both in the ultimate cost of recovery and in the time it takes for recovery to occur (ie, recovery costs more and takes longer when the government gets involved)

Since Americans choose to ignore history maybe it will be different this time???

Yeah, and monkeys might fly out of my butt at any moment …

[4plexowner]

History clearly shows that government intervention in financial markets makes matters worse – both in the ultimate cost of recovery and in the time it takes for recovery to occur (ie, recovery costs more and takes longer when the government gets involved)

Since Americans choose to ignore history maybe it will be different this time???

Yeah, and monkeys might fly out of my butt at any moment …

[4plexowner]

History clearly shows that government intervention in financial markets makes matters worse – both in the ultimate cost of recovery and in the time it takes for recovery to occur (ie, recovery costs more and takes longer when the government gets involved)

Since Americans choose to ignore history maybe it will be different this time???

Yeah, and monkeys might fly out of my butt at any moment …

[4plexowner]

History clearly shows that government intervention in financial markets makes matters worse – both in the ultimate cost of recovery and in the time it takes for recovery to occur (ie, recovery costs more and takes longer when the government gets involved)

Since Americans choose to ignore history maybe it will be different this time???

Yeah, and monkeys might fly out of my butt at any moment …

[4plexowner]

History clearly shows that government intervention in financial markets makes matters worse – both in the ultimate cost of recovery and in the time it takes for recovery to occur (ie, recovery costs more and takes longer when the government gets involved)

Since Americans choose to ignore history maybe it will be different this time???

Yeah, and monkeys might fly out of my butt at any moment …

[Eugene]

This is simply a case of supply and demand.

Rich people hate paying taxes. They especially hate it when their taxes are spent helping poor people. They feel that they are being robbed by the government. They dream of an ideal world with no taxes, no government, no minimum wage, no unemployment benefits, no socialized healthcare, where rich people would live in their mansions and poor people would serve them for scraps off their tables. They even have their own party. It pursues interests of the richest 10% of the population and fools another 40% into voting for them by using various deceptive practices.

Naturally, there’s a lot of demand for books, articles, theories, etc. that would justify why big government is bad and why taxes are bad.

When there’s demand, there’s supply. This book is an example of this supply.

[Eugene]

This is simply a case of supply and demand.

Rich people hate paying taxes. They especially hate it when their taxes are spent helping poor people. They feel that they are being robbed by the government. They dream of an ideal world with no taxes, no government, no minimum wage, no unemployment benefits, no socialized healthcare, where rich people would live in their mansions and poor people would serve them for scraps off their tables. They even have their own party. It pursues interests of the richest 10% of the population and fools another 40% into voting for them by using various deceptive practices.

Naturally, there’s a lot of demand for books, articles, theories, etc. that would justify why big government is bad and why taxes are bad.

When there’s demand, there’s supply. This book is an example of this supply.

[Eugene]

This is simply a case of supply and demand.

Rich people hate paying taxes. They especially hate it when their taxes are spent helping poor people. They feel that they are being robbed by the government. They dream of an ideal world with no taxes, no government, no minimum wage, no unemployment benefits, no socialized healthcare, where rich people would live in their mansions and poor people would serve them for scraps off their tables. They even have their own party. It pursues interests of the richest 10% of the population and fools another 40% into voting for them by using various deceptive practices.

Naturally, there’s a lot of demand for books, articles, theories, etc. that would justify why big government is bad and why taxes are bad.

When there’s demand, there’s supply. This book is an example of this supply.

[Eugene]

This is simply a case of supply and demand.

Rich people hate paying taxes. They especially hate it when their taxes are spent helping poor people. They feel that they are being robbed by the government. They dream of an ideal world with no taxes, no government, no minimum wage, no unemployment benefits, no socialized healthcare, where rich people would live in their mansions and poor people would serve them for scraps off their tables. They even have their own party. It pursues interests of the richest 10% of the population and fools another 40% into voting for them by using various deceptive practices.

Naturally, there’s a lot of demand for books, articles, theories, etc. that would justify why big government is bad and why taxes are bad.

When there’s demand, there’s supply. This book is an example of this supply.

[Eugene]

This is simply a case of supply and demand.

Rich people hate paying taxes. They especially hate it when their taxes are spent helping poor people. They feel that they are being robbed by the government. They dream of an ideal world with no taxes, no government, no minimum wage, no unemployment benefits, no socialized healthcare, where rich people would live in their mansions and poor people would serve them for scraps off their tables. They even have their own party. It pursues interests of the richest 10% of the population and fools another 40% into voting for them by using various deceptive practices.

Naturally, there’s a lot of demand for books, articles, theories, etc. that would justify why big government is bad and why taxes are bad.

When there’s demand, there’s supply. This book is an example of this supply.

[4plexowner]

And if I had to guess whether esmith fell into the ‘rich’ camp or the ‘poor’ camp I would guess …

~

I’ve been working hard since I was 12 – is it wrong for me to feel like I have a right to keep the money / things I have worked for?

Because my parents emphasized education and made sure that I got one I am supposed to pay 50 to 70% of my earnings to support a bunch of low-life chimpanzees who want to lay around watching TV, doing drugs and producing illegitimate children?

[4plexowner]

And if I had to guess whether esmith fell into the ‘rich’ camp or the ‘poor’ camp I would guess …

~

I’ve been working hard since I was 12 – is it wrong for me to feel like I have a right to keep the money / things I have worked for?

Because my parents emphasized education and made sure that I got one I am supposed to pay 50 to 70% of my earnings to support a bunch of low-life chimpanzees who want to lay around watching TV, doing drugs and producing illegitimate children?

[4plexowner]

And if I had to guess whether esmith fell into the ‘rich’ camp or the ‘poor’ camp I would guess …

~

I’ve been working hard since I was 12 – is it wrong for me to feel like I have a right to keep the money / things I have worked for?

Because my parents emphasized education and made sure that I got one I am supposed to pay 50 to 70% of my earnings to support a bunch of low-life chimpanzees who want to lay around watching TV, doing drugs and producing illegitimate children?

[4plexowner]

And if I had to guess whether esmith fell into the ‘rich’ camp or the ‘poor’ camp I would guess …

~

I’ve been working hard since I was 12 – is it wrong for me to feel like I have a right to keep the money / things I have worked for?

Because my parents emphasized education and made sure that I got one I am supposed to pay 50 to 70% of my earnings to support a bunch of low-life chimpanzees who want to lay around watching TV, doing drugs and producing illegitimate children?

[Author]

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