http://latimesblogs.latimes.com/lanow/2 ... n-day.html
http://twitchy.com/2012/08/01/boycott-f ... e-success/
http://twitchy.com/2012/08/03/media-swo ... apdog-rug/
Problem?Potjeh wrote:ROFLMAO!dagrimreefah wrote:The very very very rare and short lived cases in history where a free society was allowed to exist (19th century America, for example) and people didn't delegate their rights away, wars and economic crisis weren't a problem.
Potjeh wrote:They're using swords as throwing weapons now? Damn cheaters!
MagicManICT wrote:Most raiders aren't into choking another man's chicken. They can do some pretty gay shit, but that's usually the line.
http://en.wikipedia.org/wiki/American_Civil_Wardagrimreefah wrote:Problem?Potjeh wrote:ROFLMAO!dagrimreefah wrote:The very very very rare and short lived cases in history where a free society was allowed to exist (19th century America, for example) and people didn't delegate their rights away, wars and economic crisis weren't a problem.
Whew, I thought you actually had some real evidence. Glad you just pulled up some bank panics. By the way, those small panics that were NOTHING compared to a real financial crisis (i.e. the one we're facing today)were localized and did not affect the entire nation, let alone the world. They were picnics compared to the financial crises we are seeing today, and have seen since the dollar (as well as every other currency on Earth) became a pure fiat currency. Furthermore they were caused because banks were engaging in fractional reserve banking practices. That just proves my point further.Potjeh wrote:http://en.wikipedia.org/wiki/Economic_c ... th_century (note how over half of these were in USA)
http://www.lewrockwell.com/woods/woods31.htmlPotjeh wrote: http://en.wikipedia.org/wiki/American_Civil_War
Because in those crises, those were local banks. In this crisis, entire currencies (including the World Reserve currency i.e. the US dollar)are at stake and Central Banks are to blame.Potjeh wrote:I fail to see how this crisis is worse than those.
What drove steel prices down during that time to bring the US out of it? Was it strong central planning and the iron hand of government? If I remember correctly, it was John Rockefeller(the robber baron you deplore so much. Don't get me wrong, fuck the rest of the Rockefeller family)and free market competition that drove the price of steel down 90%. Doesn't that help out society as a whole?Potjeh wrote:And how the whole railroads sector going into a slump is a minor local disturbance when railway building was one of the main driving forces of USA's economy at the time.
Late 19th/early 20th century USA was the most prosperous economic time in the history of any country. Get your history facts straight.Potjeh wrote:But it's not like you needed a crisis back then to have a shit economy.
There you go spewing more marxist rhetoric that sounds romantic, but is completely wrong and contradictory to history. If it weren't for those "evil capitalist pig industrialist robber barons" you wouldn't even be able to enjoy the luxury to sit on these forums and type this nonsense. Your narrow mind about how an economy works isn't condemnable though. It is understandable. When self-righteous, emotionally gratifying ideologies about how "the man is keeping you down" that are used to explain away your inadequacies are the norm, its understandable how an entire population of marxists with a sense of self entitlement can emerge. So, of course, I can understand why you would never sit down and try to understand how capital accumulation works or how interest rates are set and the vital role they play in any economy.Potjeh wrote:Unless you count rampant poverty of throngs of wage slaves for the benefit of robber baron industrialists to be a good economy.
The Civil war was a result of too much government intervention and too much centralization of power. That was the point of the article, but I didn't expect you to actually read it. Also let me be clearer: I meant the end of the 19th century-early 20th century, ending with the Great Depression, called this you know, because it was great. Compared to those shitty excuses for bank panics you referenced. Why was the Great Depression caused again? Wasn't it because of too much centralization of power, i.e. expanding the ability of banks to make loans without any actual reserves and massive government spending which can only be achieved with a Central Bank in place?Potjeh wrote:Also, I don't get how your link makes the Civil Bloody War a non-issue and thus preserves the 19th century as some utopia of peace and plenty.