So you're saying that we agree that we primarily have a Fascist system, not a Capitalist one. You can thank FDR for that.
WFT are you talking about? Born on 3rd base? I know you think I've said stupid shit, but only because your views are ill informed.
Everyone barely made it during the Great Depression. Just because a program came out and gave temporary relief means it was the best way to go about things. You're using anecdotal evidence to support more bad ideas. That's exactly what the left does all the time. They ignore the big picture.
This is just stupid. You think it's a good thing for it to be harder for people to start new business?
Do you think it's good that places like GM, Ford and Chrysler have near monopolies in the auto industry here in the US? Do you have any idea how hard it is for new companies to come along? It's all due to the high amount of regulation. They want the regulation because it gives them protection from new companies entering the marketplace.
No they aren't. You keep saying this but it's literally the opposite that we are getting. Regulation keeps going up, not down. That's not the actions of free market people.
I don't know. I haven't looked into it. Why are you obsessed with me knowing where it went? Why don't you tell me if you know?
Dumb. That's not what unfettered capitalism does. There are plenty of examples of what unfettered capitalism does, and it isn't what you just described. What you described is crony capitalism. Not a free market.
Hong Kong used to be a perfect example.
The ONLY reason why waste is more prevalent now is because government is bigger.
FDR's own Secretary of the Treasury, Henry Morgenthau, Jr, said the spending they did doesn't work.
On May 9, 1939, Henry Morgenthau, Jr., the secretary of the treasury and one of the most powerful men in America, had a startling confession to make. He made this remarkable admission before the influential Democrats who ran the House Ways and Means Committee. As he bared his soul before his fellow Democrats, Morgenthau may have pondered the irony of his situation.
Here he was -- a major cabinet head, a man of great authority. The source of his power, of course, was his intimate friendship with President Franklin Delano Roosevelt. Morgenthau was the president's longtime neighbor, close confidant, and -- would be for over a decade -- his loyal secretary of the treasury. Few men knew the president better, talked with him more, or defended him more faithfully. Eleanor Roosevelt once said Morgenthau was one of only two men who could tell her husband "categorically" that he was wrong and get away with it. Roosevelt and Morgenthau liked to banter back and forth at cabinet meetings, pass each other secret notes, meet regularly for lunch, and talk frequently on the phone. Morgenthau cherished a photo of himself and the president in a car, side by side, friends forever, with Roosevelt's inscription: "To Henry," it read, "from one of two of a kind."
But in May 1939, Morgenthau had a problem. The Great Depression -- the most devastating economic catastrophe in American history -- was not only persisting, in some ways it was getting worse. Unemployment, for example, the previous month had again passed the 20 percent mark. Here was Morgenthau, the secretary of the treasury, an expert on finance, a fount of statistics on the American economy during the 1930s; his best friend was the president of the United States and the author of the New Deal; key public policy decisions had to go through Morgenthau to get a hearing. And yet, with all this power, Morgenthau felt helpless. After almost two full terms of Roosevelt and the New Deal, here are Morgenthau's startling words -- his confession -- spoken candidly before his fellow Democrats on the House Ways and Means Committee:
"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong...somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises....I say after eight years of this Administration we have just as much unemployment as when we started....And an enormous debt to boot!"
There is not market rigging in a true free market. That's crony capitalism. That's what happens when you allow people to get into politicians pockets. Lobbyists. What Friedman stands for is superior to everything else.
Because it's not about the president. Congress has just as much if not more control over that than the president. Congress takes the suggested budget of a president and makes changes before they pass it. Then the president can either sign or veto it. If he veto's the budget given to him, the prior budget gets enforced.
Reagan was one of the better ones and I think Trump could have been better on the overall deficit if given his 2nd term because of his tax cuts which started to increase revenue right as Biden came into office. However, until someone is willing to come in and wholesale dump full departments, spending will never go down.
Again, that's not free market. Not at all. I'm a bit troubled at the fact that you don't know this. What you're describing is cronyism, which is pretty much a function of Fascism.
I don't know what you're talking about here since you don't quote me directly like I'm doing here. What I have learned though is that you don't have a full understanding of the many different economic systems and you're putting blame on a free market system faults of a different system.
What?
