Exposing The Lies of Roosevelt's Economy

[Moonglow]

Some say greed, some say ambition.


In any case, it is the the grease of a prosperous economy.

The only people that say greed is synonymous with ambition are people who are embarrassed at being greedy or supporting greed or in any way connected to greed. Ambition is not related to greed in any way.
Knowing your vast and impressive scholarly skills, perhaps you can find us a source to show the word greed is synonymous with ambition.

The only people that describe ambition, the road to success, as greed are the lazy and jealous.

Raise your paw.

Which proves that Jesus Christ and his father in Heaven are socialistic communist.

 

[Kimura]

Hmmmm . . . . . no, that isn't what the economic data shows. Recessions always end on their own without government interference of any kind. Roosevelt, like Obama, simply had the good fortune to get inaugurated when the downturn was at its peak. It would have ended even sooner if it wasn't for all the counter productive measures that were passed during the Hoover administration, and that FDR endorsed. Measures like tripling the top marginal rate on income tax, and the Smoot Hawley tariff. Everything FDR did extended a sharp recession into a long depression.

You can read all about FDR's disastrous policies here:

The Free Market: How FDR Made the Depression Worse

Yes, it does, I posted real GDP and real GDP per capital numbers. LOL @ von Mises Institute and these quackademics.

You posted REVISED data and 8 years later FDR STILL has 10% unemployment.

His economic record remains worse than the 7 Biblical Lean Years

Actually, according to the numbers, you're simply incorrect, but I'm done beating a dead horse.

Have a look at how some of the employment numbers were fudged by actual economists:

(Very) short reading list: unemployment in the 1930s.

 

[Camp]

Some say greed, some say ambition.


In any case, it is the the grease of a prosperous economy.

The only people that say greed is synonymous with ambition are people who are embarrassed at being greedy or supporting greed or in any way connected to greed. Ambition is not related to greed in any way.
Knowing your vast and impressive scholarly skills, perhaps you can find us a source to show the word greed is synonymous with ambition.

The only people that describe ambition, the road to success, as greed are the lazy and jealous.

Raise your paw.

Everyone who uses ambition to reach financial success is not greedy. Many people satisfy themselves with a personal view of financial success and limit personal and self serving funds they earn to a specific amount, using additional funds earned for good deeds and charities. Ambition to succeed is not reliant on what some consider the sin or the darkness of greed.

 

[Moonglow]

What ignorance

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

At what cost?

Since government has nothing that it does not take from someone else first, how does it "create" a job here, without destroying one over there?

For those in the box, the main reason that a different approach was tried for the poor man and not the bankers, which FDR did help.
Social welfare helps reduce the foment of rebellion and revolutions. The people of the US wanted govt. help, big business and the rich would or could not help..
Next is the socio-political shift in the world, no longer was the Christian ideal and the Christian nation going to sit by and watch people killing themselves over catastrophic loss and people dying in the streets or the countryside from want, as long as you could work for it, and there was some who never worked..
The govt's developing the philosophy policies of theory on all men being created equal equality was an attempt to allow people that had been kept in place by monopolies and robber barons , that affect what you ate, how you lived and even told you how to vote from the later 19th and early 20th century, where power and riches were concentrated in a few hands.
So now when a nation falls they want to help out the citizens to reduce crime, riots and military revolution by welfare, and it works...

The US after WWI had the worlds largest gold reserves and produced quantities of consumer goods never seen at the period of time..Recession was bound to hit with no regulations on production buy business, no control over the Stock Market, by business...We found out that they can't be counted on to operate within ethical bounds, not surprising since they are humans...

 

[Unkotare]

Whether someone uses the term "greed" or "ambition" to describe the goal of acquiring something, be it money or anything else, is a good indicator as to whether the person using the term believes they have any possible chance of acquiring same themselves someday, somehow.

 

[Moonglow]

The only people that say greed is synonymous with ambition are people who are embarrassed at being greedy or supporting greed or in any way connected to greed. Ambition is not related to greed in any way.
Knowing your vast and impressive scholarly skills, perhaps you can find us a source to show the word greed is synonymous with ambition.

The only people that describe ambition, the road to success, as greed are the lazy and jealous.

Raise your paw.

Everyone who uses ambition to reach financial success is not greedy. Many people satisfy themselves with a personal view of financial success and limit personal and self serving funds they earn to a specific amount, using additional funds earned for good deeds and charities. Ambition to succeed is not reliant on what some consider the sin or the darkness of greed.

And how many over compensated employees or self employed work for min wage, or a set wage at the level of their employees or fellow workers??

I have a passion for art, yet make no attempt to produce , consume or trade in art, does that make me less ambitious about art??

 

[Moonglow]

Whether someone uses the term "greed" or "ambition" to describe the goal of acquiring something, be it money or anything else, is a good indicator as to whether the person using the term believes they have any possible chance of acquiring same themselves someday, somehow.

I hope your not big boobs with a hot snatch..me

 

[PoliticalChic]

The only people that describe ambition, the road to success, as greed are the lazy and jealous.

Raise your paw.

Everyone who uses ambition to reach financial success is not greedy. Many people satisfy themselves with a personal view of financial success and limit personal and self serving funds they earn to a specific amount, using additional funds earned for good deeds and charities. Ambition to succeed is not reliant on what some consider the sin or the darkness of greed.

And how many over compensated employees or self employed work for min wage, or a set wage at the level of their employees or fellow workers??

I have a passion for art, yet make no attempt to produce , consume or trade in art, does that make me less ambitious about art??

1. Entrepreneurs of all types rate their well-being higher than any other professional group in America.
http://economix.blogs.nytimes.com/2009/09/16/the-self-employed-are-the-happiest/


2. Think it’s because they’re making beaucoup bucks? Wrong. Small business owners make 19% less than government managers.
Salary Search | CareerBuilder.com

a. Comparing Federal and Private Sector Compensation Comparing Federal and Private Sector Compensation - Economics - AEI

b. “WASHINGTON, D.C. -- Nearly half of self-employed Americans (49%) report working more than 44 hours in a typical work week, compared to 39% of American workers overall, 38% in government and in private business, …” Self-Employed Workers Clock the Most Hours Each Week


c. The average small-business owner earns $44,576 per year. Salary Search | CareerBuilder.com



3 .So…income and happiness? Data taken over several decades indicates that people have gotten a lot richer….but not a lot happier. In 1972, about 30% of Americans reported that they were ‘very happy.’ The average American earned about $25,000 (2004 dollars), and by 2004 the average income had increased to $38,000- a 50% increase in real income. All income groups, from rich to poor, saw substantial income increases. Yet the percentage of very happy Americans remained virtually the same, at 31%.
Data Portals

 

[HelenaHandbag]

Franklin D. Roosevelt was a very mean and cruel man. Instead of letting people sit around and listen to their radio's while they collected food and sustenance from the gov'ment, he made them go out and work on stuff and build things. So, big deal if we are still using the stuff he made those people build 80 years ago. It was mean and cruel for him to make people have jobs. Am I right or what?

At what cost?

Since government has nothing that it does not take from someone else first, how does it "create" a job here, without destroying one over there?

For those in the box, the main reason that a different approach was tried for the poor man and not the bankers, which FDR did help.
Social welfare helps reduce the foment of rebellion and revolutions. The people of the US wanted govt. help, big business and the rich would or could not help..
Next is the socio-political shift in the world, no longer was the Christian ideal and the Christian nation going to sit by and watch people killing themselves over catastrophic loss and people dying in the streets or the countryside from want, as long as you could work for it, and there was some who never worked..
The govt's developing the philosophy policies of theory on all men being created equal equality was an attempt to allow people that had been kept in place by monopolies and robber barons , that affect what you ate, how you lived and even told you how to vote from the later 19th and early 20th century, where power and riches were concentrated in a few hands.
So now when a nation falls they want to help out the citizens to reduce crime, riots and military revolution by welfare, and it works...

The US after WWI had the worlds largest gold reserves and produced quantities of consumer goods never seen at the period of time..Recession was bound to hit with no regulations on production buy business, no control over the Stock Market, by business...We found out that they can't be counted on to operate within ethical bounds, not surprising since they are humans...

Who is living in the box, dude?

 

[HelenaHandbag]

Please feel free to look at the real GDP and real GDP per capita numbers I posted. Unfortunately, he made the mistake of cutting spending and listening to his advisors, which we can see reflected in some of these numbers.

The US Economy was nearly strangled to death by the FED who sucked out 1/3 of the money supply. That was nothing to do with either Hoover or FDR, well except Hoover should have had the Fed rounded up and shot for treason.

The Fed put back some of the money they sucked out and thats what cause the economic growth. FDR's insane Central Planning is what kept unemployment tragically high for his entire first 2 terms, worse than the 7 Biblical Lean Years. If Pharaoh had the LMSM he would have been remember as the Greatest Pharaoh Ever who saved Egypt from itself!

The Great Depression was a direct result of fixed f/x (gold standard), since the banks couldn't guarantee funding . Fixed f/x operates with the constraint being on the supply side. The banks had to hold reserves of the convertible currency to meet the withdrawal needs of the their depositors. These banks couldn't operate with 100% reserves.

The FED was supposed to be the lender of last resort, but they failed due the problems inherent with a gold standard. It prevented the FED from landing to banks in the convertible currency required too meet the withdrawal demands. After thousands of banks collapsed, FDR implemented a bank holiday, and there was a reorganization of the banking system. In the end, the FED couldn't prevent this nightmare from playing out, but suspending the convertibility to gold, which was a very prudent decision, gave us the tool box to dig ourselves of that particular economic hellhole.

Since there was a deflationary spiral, and labor and capital had atrophied to absurd levels, the federal government simply started to spend in a counter-cyclical fashion. It worked, not as good as it could have had we spent more, but the data speaks for itself.

Oh, so it was the gold standard, not the inherent moral hazards of a fiat currency controlled by people with a vested interest in destroying it.

You so funnah.

 

[Kimura]

The US Economy was nearly strangled to death by the FED who sucked out 1/3 of the money supply. That was nothing to do with either Hoover or FDR, well except Hoover should have had the Fed rounded up and shot for treason.

The Fed put back some of the money they sucked out and thats what cause the economic growth. FDR's insane Central Planning is what kept unemployment tragically high for his entire first 2 terms, worse than the 7 Biblical Lean Years. If Pharaoh had the LMSM he would have been remember as the Greatest Pharaoh Ever who saved Egypt from itself!

The Great Depression was a direct result of fixed f/x (gold standard), since the banks couldn't guarantee funding . Fixed f/x operates with the constraint being on the supply side. The banks had to hold reserves of the convertible currency to meet the withdrawal needs of the their depositors. These banks couldn't operate with 100% reserves.

The FED was supposed to be the lender of last resort, but they failed due the problems inherent with a gold standard. It prevented the FED from landing to banks in the convertible currency required too meet the withdrawal demands. After thousands of banks collapsed, FDR implemented a bank holiday, and there was a reorganization of the banking system. In the end, the FED couldn't prevent this nightmare from playing out, but suspending the convertibility to gold, which was a very prudent decision, gave us the tool box to dig ourselves of that particular economic hellhole.

Since there was a deflationary spiral, and labor and capital had atrophied to absurd levels, the federal government simply started to spend in a counter-cyclical fashion. It worked, not as good as it could have had we spent more, but the data speaks for itself.

Oh, so it was the gold standard, not the inherent moral hazards of a fiat currency controlled by people with a vested interest in destroying it.

You so funnah.

Yes, it was a direct result of convertible f/x. Please explain to me what "vested interests" want to destroy fiat currency.

By the way, I thought conservatives and libertarian types hate government subsidies. The gold standard is a government subsidy when you think about it.

 

[HelenaHandbag]

Yes, all according to plan.

Morgan, Rockefeller, Warburg, Piatt, Aldrich and the rest wrote the book for Cloward and Piven.

 

[regent]

Well when all the arguments are done, and all the evidence exhibited, FDR is still rated as America's greatest president, the only president elected by the American people four times, and we still live in a post-FDR America. We go to banks where are accounts are secured by FDIC, a significant amount of our hydro-electricity is produced by FDR's dams, and we might even ride on roads from the FDR era or land at airports built by the PWA. Many kids were educated in schools built during those years, and when we retire most of us will draw a check that came from our own earnings not welfare. The list goes on, and despite conservative's protests, most Americans believe we won WWII.

 

[HelenaHandbag]

Well when all the arguments are done, and all the evidence exhibited, FDR is still rated as America's greatest president, the only president elected by the American people four times, and we still live in a post-FDR America. We go to banks where are accounts are secured by FDIC, a significant amount of our hydro-electricity is produced by FDR's dams, and we might even ride on roads from the FDR era or land at airports built by the PWA. Many kids were educated in schools built during those years, and when we retire most of us will draw a check that came from our own earnings not welfare. The list goes on, and despite conservative's protests, most Americans believe we won WWII.

By progressive academics, that is.

 

[Camp]

FDR gets credit for this too.

Golden Gate Bridge | Extranomical

 

[Camp]

Everything FDR built and left for future generations weren't always awesome and magnificent engineering masterpieces. Sometimes they were just ordinary masterpieces that served a functional purpose and gave the everyday man of the time a way to put food on his families table.
Thousands of samples like this are scattered all over the country. This bridge got placed on the National Register of Historical Places in 1998. Part of Main St., USA.
File:Alden Bridge.jpg - Wikimedia Commons

 

[Kimura]

Yes, all according to plan.

Morgan, Rockefeller, Warburg, Piatt, Aldrich and the rest wrote the book for Cloward and Piven.

So the ruling class wants to destroy the very currency it uses to accrue financial assets and wealth?

 

[HelenaHandbag]

Yes, all according to plan.

Morgan, Rockefeller, Warburg, Piatt, Aldrich and the rest wrote the book for Cloward and Piven.

So the ruling class wants to destroy the very currency it uses to accrue financial assets and wealth?

They wanted to destroy the gold standard, which would clear the way for their privately issued fiat script to be declared legal tender.

They succeeded.

 

[initforme]

The uber wealthy want to control things so other hard working people have no shot at getting ahead. Its working nicely. The system works great for those at the very top. For those at the bottom and middle.... its called "sorry" not in your life.

 

[Kimura]

Yes, all according to plan.

Morgan, Rockefeller, Warburg, Piatt, Aldrich and the rest wrote the book for Cloward and Piven.

So the ruling class wants to destroy the very currency it uses to accrue financial assets and wealth?

They wanted to destroy the gold standard, which would clear the way for their privately issued fiat script to be declared legal tender.

They succeeded.

The gold standard destroyed itself. Fixed f/x is a problem. The reason nations abandoned the gold standard wasn't because it was a resounding success. Everyone abandoned it, including the US in 1934, because it was an unmitigated disaster.