For all Gold Bugs: Gold based or Fiat money makes no difference! By lending and re-lending out, banks create more money in accounts all the time. The interest they charge, they do NOT create. More debt is created than there is money! When people can't pay their debts, banks go broke just the same and savings in accounts are lost. Please see: /watch?v=7kk6fplyLTI and /watch?v=UG5luKfGjU0
anyone who has good informaiton on the Gilded Age please message it to me. I have leftist friends and family who use it as an example of how laissez faire doesn't work. I know that the government sent in troops to quelch worker riots, etc. I want to know more to debate that the Gilded Age was actually true Laissez Faire.
@landgabriel We've never had pure capitalism, otherwise why would troops be used to stop a riot? The main problem is corps. & govt collusion. I would love to see Laissez Faire, but I wont hold my breath.
I think you'll enjoy Hamilton's Curse! Such an interesting period of history and Dilorenzo shows how many of todays problems have their roots with Hamilton/mercantilism. Probably one of my favorite reads on the subject of the Founding Fathers.
During the Gilded Age we had VERY high with protectionism.
Has this guy even read Alexander Hamitons "Report on a National Bank" the 1st National bank was NOTHING like the Bank of England. Read the 23 points of the national bank. Very different. As a matter a fact most
The National Banking Act was modeled to get private banks to do the same thing as the as Hamilton's National bank.
Just listen to William Mckinleys speech on Protectionism.
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For all Gold Bugs: Gold based or Fiat money makes no difference! By lending and re-lending out, banks create more money in accounts all the time. The interest they charge, they do NOT create. More debt is created than there is money! When people can't pay their debts, banks go broke just the same and savings in accounts are lost. Please see: /watch?v=7kk6fplyLTI and /watch?v=UG5luKfGjU0
Adriaan1950 2 months ago
The reason for the gilded age boom was because of Protectionist policies. NO evil effects.
Salvysahagun 4 months ago
@Salvysahagun
Thanks for clarifying that you don't understand comparative advantage.
WTFisaSquaLL 2 months ago
What corporate welfare?, give an example please.
yasirjamal285 9 months ago
Thanks for posts like these. I use them all the time in my economics class.
Mackingster 11 months ago
anyone who has good informaiton on the Gilded Age please message it to me. I have leftist friends and family who use it as an example of how laissez faire doesn't work. I know that the government sent in troops to quelch worker riots, etc. I want to know more to debate that the Gilded Age was actually true Laissez Faire.
landgabriel 1 year ago
@landgabriel We've never had pure capitalism, otherwise why would troops be used to stop a riot? The main problem is corps. & govt collusion. I would love to see Laissez Faire, but I wont hold my breath.
doughtymqan 1 year ago 2
the lying scoundrels are the NWO.
FireGuyX 2 years ago
I've got DiLorenzo's two Lincoln books. Should I pick-up Hamilton's Curse next? ...or should I get a different on. Somebody give me a reccomendation.
gunsandbullhorns 2 years ago
I think you'll enjoy Hamilton's Curse! Such an interesting period of history and Dilorenzo shows how many of todays problems have their roots with Hamilton/mercantilism. Probably one of my favorite reads on the subject of the Founding Fathers.
jburke8491 2 years ago
This is SOOO wrong.
During the Gilded Age we had VERY high with protectionism.
Has this guy even read Alexander Hamitons "Report on a National Bank" the 1st National bank was NOTHING like the Bank of England. Read the 23 points of the national bank. Very different. As a matter a fact most
The National Banking Act was modeled to get private banks to do the same thing as the as Hamilton's National bank.
Just listen to William Mckinleys speech on Protectionism.
Salvysahagun 5 months ago
money, credit and business cycles(or close to it) by desoto. the best book in the last decade acording to joe salerno. :)
asierra1492 2 years ago
@gunsandbullhorns
its fundamentally wrong
Salvysahagun 4 months ago
Man, I just finished reading Hamilton's Curse and loved it, definitely pick up a copy.
norcofreerider604 3 years ago
Nice history lesson - I never realized that you were so close to catastrophe at the beginning of US.
grraadd 3 years ago 4
Yes, Mises should be congratulated for these great talks. Compulsive study.
suereed 3 years ago 7
TY Mises for these videos. I learn so much.
sokoboo 3 years ago 13
End the Fed.
RedShirtArmy 3 years ago 23