The New Deal: History, Economics, and Law | Thomas E. Woods, Jr.

[livfreeordi3]

DO A GRADUATE CLASS!!!

[many9662]

THe prices are so good for such a collection of information!

[KenMacMillan]

Looks great for homeschooling.

[dprague]

Libertarians are so boring. They act like economics is just common scene. And sorry folks, you cannot take thinking out of thought.

[theseriousaccount]

What is the name of the music used here? I can't find it anywhere.

[Gillibrand10]

Unbelievably, Conrad Black supports the New Deal in his biography of FDR

[successfulbuild]

Hey, "JakeNonphixion," show me one armchair economist who regularly uploads videos on economics that knows what he's talking about. There isn't one, just a bunch of kids who create alternative accounts supporting the Mises institute (I'll have more on this later).

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So basically, the "research" of Austrian economists is a bunch of basement dwellers who don't even have degrees in economics. If only you understood the current research you'd see how discredited AE really is.

[JakeNonphixion]

@successfulbuild You're entitled to your opinion, but don't act like it's original. You are simply regurgitating the textbook account like a good little drone. If you want some examples of real economists, how about Marc Faber PhD from Zurich, Bob Murphy PhD from NYU, Thomas DiLorenzo PhD from VT, Guido Hülsmann PhD Berlin, to name only a few. AE theory is incommensurable with mainstream assumptions, don't believe all the "current research" you read.

[uzijohn]

@successfulbuild,

Invest some time, watch the video,

"Peter Schiff Was Right 2006 - 2007 (2nd Edition)"

Schiff being a student of AE warns several “Keynesians" including prestigious economist Arthur Laffer (PhD in economics) of impending financial collapse,

Observe the raw arrogance and poor advice given by the panelists, its laughable now,

Note their recommended investments, Pull-up the 5 year graphs

(If they're still around) observe who gave the best advice...

[successfulbuild]

Also, when an economy drops to the extent that it did during the Great Depression, caused by Coolidge's capitalist reforms, it takes an enormous effort to bring it back. The mathematics bears this out and perhaps can be explained.

_

So basically FDR had a good growth rate (we're looking at the rate of change) and by some measurements the government programs had unemployment, which decreased every year except the recession of '37 caused by the conservative congress, down to only 5%.

[successfulbuild]

Of course FDR also put down an attempted business insurrection by the business elite and fascists of the type Hans Hermann Hoppe and other idiots the Mises institute would support, where we are forced to live under corporate rule. But "he who giveth, may taketh away." As long as the government is protecting the property and the institution of the "corporation" they have the right to regulate it as is deemed necessary by the public.

[successfulbuild]

FDR decreased the effects of the depression every year, so it's just an objective fact that he didn't "make it worse." The overall growth, at least according to the economist Christina Romer, was quite good for the decade. I believe investment returned to pre-Depression levels prior to 1940 and the economy was in full turn around before the US entered the war and growing.

[successfulbuild]

And so basically that was one of the few times in history that famous gap between rich and poor in capitalism got smaller, exactly because FDR reduced the power of the corporations in society in such a way that they weren't running everything like they were in the Gilded Age - a period with MASSIVE poverty and inequalities that led to the poor working standards and the misery of the working class as well as high unemployment and fewer small businesses.

[successfulbuild]

DRNevans is a loon and a half. The wages rose because people were expecting higher wages and a basic law of economics teaches that if companies need people to do the work (and at the time exporting work through internal "free trade" agreements wasn't much of an option due to the international problems) they will hire them. Unions raised wages and the government brought the corporations under control, and CEO pay and worker salary moved closer to equilibrium.

[successfulbuild]

Workers' prosperity under the new deal can be explained by government programs, research, opening up the door to successful entrepreneurs and researchers. Research is not based upon "human values" despite what idiot Austrians like Jeffrey Tucker (who's a catholic scholar, not an economist) and idiot Austrians like Thomas Woods believe. It's based upon standards that are objective, and thus increasing the amount of people doing the research will likely lead to new technologies, which took place.

[successfulbuild]

He looks like a fucking idiot in that bow tie, someone should smack it off of him.

[KingRobbStark]

Im going to work overtime to get the 250$ to pay for this class. I already have 7 classes (1 lab, and 1 discussion {chemestry}).

I'm a physics major, but I'll enroll in this class anyway.

[Steve83B]

I'm taking it, and I already have 5 classes this semester!

[chuck3377]

Your insight and debate is so intelligente that you conviced me to quit my nypd government union job and go apply at walmart. Pro-corporate non-union non- govt jobs are the way to go, this is ovious by how well they pay, and how well the employee's are treated. Does being a maniac satanist have anything to do with your anti fdr stance. FDR was a 33rd degree freemason and put the great seal, the eye and pyrmid on the dollar, with a satanic screename I figured you would like FDR

[chuck3377]

These are NWO agent homosexual pedo's. They want you to think that Home Depot, Mcdonalds, Walmart jobs and endless war is the answer. Your grandparents and parents prospered from good union govt jobs. They had houses and lives. Now you have shit because you listen to this homo right wing crap. Good luck working for corporate non union private america, I am sure they will treat you great. Your gonna love it.

[TheManiacalSatanist6]

@chuck3377 Hey dude? You're an idiot.

[beepandbop]

@TheManiacalSatanist6 chuck3377 is probably a sad little troll, floating on a dumpster in a great sea of internets.

[manfries]

@chuck3377

Haha, your an idiot.

[chuck3377]

FDR created electric company and phone company utilities. He created alphabet soup govt agencies. These things created LOTS of jobs. Hoover Dam, State park jobs. Building infrasturcture. Your parents or grandparents probably had one of these jobs and prospered from it. That why they kept electing him. If war was good for an economny then during Vietnam, Gulf war, Afgan war, Iraq war the economny would have done good. Think of how many people you know that work at the tank factories now.

[DRNevans]

@chuck3377 Hey genius, Woods (the guy in the video) denies that war is good for an economy. As usual, you don't listen to anyone but yourself.

Unions never hit much more than one third of the U.S. labor force, at their absolute height, so how do you explain American workers' prosperity? Why didn't the evil capitalists just grind them into the ground? Do you understand anything about economics at all?

If make-work jobs made a country prosperous, Japan wouldn't have had its lost decade.

[JakeNonphixion]

@chuck3377 That was probably the most pathetically researched utterance of opinion I've ever heard... wtf do war, homosexuality, and child molestation have to do with anything in this video? You, my friend, are so misinformed it's disgusting. I feel sorry for your children. Please don't breed any more.

[BobBrinkerisanIdiot]

What do you think about a possible water crisis sir?

futuremoneytrends. com/Trend_Investments. html

[dreamz771]

harveybirdmannequin: read "The Great Depression and the New Deal" by Robert Murphy. You can get it at BN or at mises.org. It is a great read. You would really like it. ;)

[harveybirdmannequin]

I'm not necessarily defending FDR but he did the best he could within the fractional reserve, central banking, pyramid scheme monetary system and what any other reasonable person would in his situation. Of course, if FDR got rid of the Fed Reserve and restored sound money, then all the things in Austrian economics come naturally.

The Austrian vs. Keynesian debate is non-sensical. If you have sound money, naturally Austrian follows. Under the current monetary system, Keynesian follows.

[DickeyRogers]

Bow Ties are for Heroes

[PizzaGod]

Bow Ties are cool.

[jeffp47]

Sounds like a good class. I wonder how much it costs?

[Choros22]

These people and there revisionism is sickening. If you want to judge a policy you need to look at what happens AFTER the policy is implemented. The most prosperous period in the history of the US came in the mature new deal period of the 1950's and 60's and as these reactionary fanatics destroyed the new deal they brought about a new depression. Apparently the massive economic strength of the mature new deal era had nothing to do with the mature new deal policies.

[NietzscheanMan]

@Choros22 Inflation, look it up.

[brown55061]

@Choros22

You are missing the largest factors regarding our prosperity. It had NOTHING to do with The New Deal implementation. It had to do with America bombing everyone into submission to create industry where there was none. The reason these keynsian philosphies don't work today is the military industrial complex is primarily foreign contractors rather than private domestic companies. You can't spend phantom money forever! Maybe you sign up for this class?

[theoriginalanomaly]

@brown55061 I think your missing the point too. War doesn't create wealth, including when it is a nationalized war. You spend resources to create things that destroy more resources. How anyone thinks that it helps economies is beyond me. It destroys wealth.

[brown55061]

@theoriginalanomaly

Reread what I wrote. I was clearly pointing out that war does is not the health of the state. That was HIS logic, and it's how most Keynesians think. Like McCain, McCrystal, Bush, FDR, Hoover etc. We are in 100% agreement.

[theoriginalanomaly]

@brown55061 Sorry, but "The reason these keynsian philosphies don't work today is the military industrial complex is primarily foreign contractors rather than private domestic companies" sounded like you thought it didn't work because the MIC was ran by foreign contractors. Glad to know that is not your belief.

[Choros22]

@brown55061 I am not an advocate of Keynsianism and the New Deal was not a Keynsian policy. I am not measuring the success of the US econ in a relativistic way, although similar policies had incredible success under the mashial plan in the defeated axis nations. I am measuring US economic strength by the prosperity of the people. The mature new deal era was the most prosperous in the entire history of the US you pretend this is a coincidence. This was targeted investment not frivolous spending

[anyusmoon1]

Terrific.

[bearhuntaa]

Wow, I'm missing out..this is a great opportunity..if I had the extra cash this is where it would be going! Anyone who can sign up for this do it!

[kmg501]

Excellent, this is where it starts. Educating people so they have the tools to take their country back from the liars and deceivers that stole it from them.

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I'd be curious to know what people think of what this fellow (below) has uploaded to Youtube, he did an extensive series of videos that seem quite interesting but I haven't had the chance yet to watch them past the first one yet.

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councilonsper is the channel.

[thomaserossi]

THOMAS F'N WOODS!

[tedmcfadden]

You can read a Book by Murray Rothbard called America's Great Depression. It is a praxeological history of Hoover's New Deal. The FDR New Deal was a continuation of this. You can find this book for free here mises.org

Highly recommended.

[strokjl]

I found it so worthwhile that I recommend actually buying a copy from Mises.org

I have yet to find a source that better dissects Hoover and the Fed in the years following the '29 crash.

[tedmcfadden]

@strokjl - Yes buying would support the Mises Institute. I bought Human Action and Two other Rothbard books recently. THe prices are so good for such a collection of information!

Many of these books are available in audio format as well as podcasts. Recommend highly.

[XulChris]

I would love to take this course, along with every single other course at mises academy, but I work full time and I would need to take it at my own pace with my own schedule. Please provide an archived version of this course after completion for a cheaper cost. Thank you.

[chitchcott]

Someone pirate it, please. I'm a state-crippled student and can't afford $255.00

[chitchcott]

@chitchcott If not, sell it when it's finished for $10 or something.

[IvanTheHeathen]

@chitchcott I SECOND THAT!

[CurtHowland]

@chitchcott The reading lists and such are published openly, and most all of the texts are online. The enrollment pays for the Proff's time, bandwidth of the interactive "class" time, etc.

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You can still get the core information from Mises-org and they do put Mises University and the other seminars online in audio and video format where available.

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I pulled down M.U. 2010 two days ago and started listening in the car. Hullsman had trouble with OpenOffice showing his power point slides. Hehe

[salmongutter]

History survey courses from the Mises Academy would be wonderful. I still have nightmares from the survey courses I took in college.

[NicosMind]

I know Mises does a lot of these courses and streams them live over the net, but do they record these courses so students can purchase them and go over the material?

[monageasmear]

how much is it to enroll?

[kjdyatta]

@monageasmear Its $250.

Details at mises link in the info tab.

[JETZcorp]

Man, I wish I could afford a Mises Academy class. When I can eventually swing it, I'm definitely seeing that in my educational cards.

[CurtHowland]

@JETZcorp I'm not academically inclined, no matter how well I did in college.

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So I pull down the audio files of Mises University and the other seminars and play them in the car while driving.

[libertyplayground]

great!

[richardcadbury]

I always confuse Thomas E Woods with Walter E Williams.

[603881]

Jeff is quite honestly the best interviewer I've ever seen. The questions are as fun to hear as the responses.

[ourmanthejoker]

I was there for the first bob class ;D

[CurtHowland]

Jeff Tucker makes a much better interviewer than a zombie did.

[CurtHowland]

@CurtHowland was. WAS. "than a zombie was".

.

argh, no "edit" button.

[maskedphrogg]

@CurtHowland

Without going into an argument on why editing published posts is a bad thing...

and assuming your reference to zombies is related to the meme regarding Keynes as a Zombie that keeps coming back (aka won't die and go away) here is the sentence I think you meant to write.

Jeff Tucker makes a much better interviewer than a zombie does.

And for that I vote +1 on your original post.

[CurtHowland]

@maskedphrogg "the meme regarding Keynes as a Zombie"

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Ooo, I like that one. Thank you.

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But really, I meant zombie interviewer, /watch?v=TrcM5exDxcc

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"braaaaaaaains..."

[maskedphrogg]

@CurtHowland

Bawk bawk, racist

Bawk, bawk, neo-confederate

Bawk aw bawk HITLER!

Classic stuff there

I take no credit for Put down the Keynes Zombie

1st became aware of it from Peter Klein's presentation, also available here in misesmedia, from 2009. Will the decline continue.

/watch?v=tkejI726PRQ

[anarchylogic]

FDR was a crook that needs to be dug up and fired out of a cannon in to the oil soaked Gulf of Mexico.

[grraadd]

@anarchylogic leave his grave in place - you'll need it for people to piss and sh*t on :-)