Libertarians fell asleep in class when discussing the Great Depression

read up Paultards: overinflated stocks equals over inflated housing prices
http://www.museum.siu.edu/museum_classroom_grant/Museum_Explorers/school_page...

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[N0g0dzN0masterz]

Why regulate the banks? just kill private banks. and stop broad brushing libertarians. Those people are not libertarians. They are confused. Also you may want to think about that statement . "economic liberty can not happen" I mean come on dude. That can apply to me and you and anyone. Actually we do not have economic liberty we have a few banksters keeping us from exercising it because they have a monopoly on monetary policy.

[LouieArrighi]

@N0g0dzN0masterz I should have clarified by saying economic liberties for those multinational corps that outsource, and not people. when the multinationals buy off politicians to strip regulations and receive subsidies, we the people pay.

[N0g0dzN0masterz]

@LouieArrighi Oh yeah you mean the those persons who have no physical bodies and live for ever... The ones who get away with murder and not face the consequences. Yeah I get ya.

[LouieArrighi]

@N0g0dzN0masterz thanks. I added text to the video, because I didn't make myself clear. thanks!

[VampiressOnDaProwlq]

my father talked of protectionism with them when NAFTA was pushed in late early 90's saying it'll destroy U.S. manufacturing, dramatically raise cost of living, unemployment & make us 80% import-dependent at high cost to citizens.

one Chamber of Commerce manager said the consensus of his members & investors were fear of "Trade War".

my father said, oh so protectionism & embargoes are okay against USSR, Red Eastern Europe & "Socialist" Sweden & Denmark but not our rich Capitalist European allies?

[LouieArrighi]

@VampiressOnDaProwlq your father made some great arguments.

[mitziedoll]

I suppose Alan Greenspan and Milton Friedman fell asleep during the Great Depression discussion as well. Both of them attribute the Great Depression to the activities of the Federal Reserve.

[VampiressOnDaProwlq]

LOL yah the "On-Margin Buying" paradoxical conundrum of Libertarian Capitalist upside down thinking

...my father for yrs had ongoing arguments with financial councils & heads of the Nat 'l Chamber of Commerce & financial councils of Chicago Chamber of Commerce over what "On-Margin Buying" is, artificially inflating stock values to control markets/commodities prices, other tricks and so on lol.

they refused to acknowledge such realities and see the '29 Crash as caused by too much spending ; P

[AAAhmed46]

Ron Paul or not, if i were an american i would NOT vote republican.

That said, it's sad that Obama is basically George Bush light

:(

But better than a republican.

[Goodatconnect4]

@mitziedoll Friedman blamed the length of the Great Depression on the INaction of the Federal Reserve. To say that the Federal Reserve played no role in the Great Depression is to say a false statement- it is the CAUSE of why investors made, normally unsafe and unprofitable, seemingly profitable investments through cheap credit. Glass-Steagall had no mitigating effects on the Great Depression -as it lasted fourteen years after it was passed- and it directly caused the S&L crisis.

[tomitstube]

@atchisrj1 ~ huh?

[atchisrj1]

@tomitstube Whatever helps you sleep at night. lol

[tomitstube]

@atchisrj1 ~ lol, no it was g.w. bush who pushed the sub-prime industry. under the guise of raising the home ownership levels. it was a bank scam as we would find out, when the loan industry was deregulated simultaneously. clinton can be blamed for nafta, which was a disaster. clinton had a non-binding plan of increasing home ownership that banks ignored. the hoover damn was conceived before the crash, he refused to do much of anything else, which is why he was soundly defeated in '32.