Home › Blogs › davidfarrar's blog ›

Hoover was right all along. Who knew?

Submitted by davidfarrar on Mon, 11/17/2008 - 11:53
in

Even FDR's own economic team knew that his New Deal interventions had been a complete failure. Here's what FDR's Treasury Secretary, Henry Morganthau, admitted to Congress in May, 1939 . . .

 

"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!" 

 

I have just run across a very good article on the relationship between deficit spending and the Great Depression at DownsizeDC, entitled "Mark Twain was right". 

It's conclusion: The government caused the Great Depression. Even Ben Bernanke, the Chairman of the Federal Reserve, agrees.

Now if we can only get the government to agree as well, we just might avoid another Great Contraction.

ex animo

davidfarrar

 

0
Your rating: None

Comments

because when you can't be bothered to read economists

Submitted by RisingTide on Mon, 11/17/2008 - 13:23.

historians, or anything else, you go about denying the holocaust and posting such claptrap as this.

/killfile

I'm sorry

Submitted by lagomorph on Mon, 11/17/2008 - 13:25.

But even when you make a logical case, I'm finding it a challenge to take it seriously with all the graphic noise.  It's all over your posts, your comments, it's apparently your new branding technique.  I know you find the animated graphics gimmicky, but I just find them annoying and they're driving me away from engaging in any kind of discussion.  Maybe I'm just in a crappy post-election mood and I'm the only one who's having a negative reaction to them, but I'm just sayin'...if others are driven off by them as well, then it might be time for a more conservative brand. 

Graphics

Submitted by WoodbridgeVa on Mon, 11/17/2008 - 14:00.

I couldn't agree more.  David often makes some very cogent points in his posts and comments but I usually skip right by them because I find the flashing graphics juvinile and annoying.  Of course the same could be said about 99.99 percent of the web pages on the net.  Does anyone know how to selectively disable java to get the content without the visual noise?

Gimmicky Graphics

Submitted by KnitDiva on Mon, 11/17/2008 - 14:13.

 I agree . . . the graphics are rather distracting.  Let your ideas stand or fall on its own merits.

Come on guys, lighten up.

Submitted by davidfarrar on Mon, 11/17/2008 - 17:03.

 How do you expect me to get through this stuff without some comic relief; or face the mind-numbing amount of brain-washing RisingTide must have suffered at the hands of our public school system to have arrived at his post above; or better yet, the image Ben Bernanke must see in his mirror every morning when he brushes his teeth, when he knows he knows better?

Here, try this one out: Politico's Jonathan Martin's take on the Republican conference held last week, entitled: "Republican ask: Just how bad is it?"

It now seems our party's leadership want to actually wait until the party suffers further losses -- you know, like the kind we suffered in the past -- before it engages the communicative advances of the future.  Now I ask you; how hilarious is that?

It is almost as hilarious as Captain Picard, touching Wil Ricker's chest with his finger and having breasts appear.

 

 

Sorry, guys; you don't have to read my posts if you don't want to. But if you do, you are going to have to be able to walk and chew gum at the same time.

ex animo

davidfarrar

 

quit being so bitter.

Submitted by RisingTide on Mon, 11/17/2008 - 17:03.

I know you've lost all your 401k money by believing in bush, and all your real money by investing in the stock market, but economists still understand more than you do. See prior.

Ladies and Gentlemen; I rest my case.

Submitted by davidfarrar on Mon, 11/17/2008 - 17:18.

ex animo

davidfarrar