Showing posts with label 1929. Show all posts
Showing posts with label 1929. Show all posts

Wednesday, September 18, 2013

"The Founders of this country never, ever intended that one judge determines the law of the land..." - UPDATE

Rush Limbaugh:

Mark Levin's "The Liberty Amendments" -- What You Can Do to Save the Country
John Roberts and Obamacare, Anthony Kennedy on whatever the issue. This was never intended. So much of what is happening now was not intended. Presidents don't have the right to pick and choose what parts of legislation they like and implement that and deny other parts. The American people have the power to change this, but not at the ballot box. At least that's one of the theories of The Liberty Amendments. The Constitution is going to have to be reaffirmed and a new reminder to elected officials of what the law is is going to have to be made.

One of the points in the book is that the states, the amendment process is right there in Article V, how to deal with out-of-control administrations, how to deal with leaders that are abrogating and denying the Constitution, shredding it. It's right there. The Founders are brilliant. They knew what they were doing. They weren't just devising a formula for life during their era. They were devising a structure for all time, and, as such, they were able, 'cause they understood human nature, they were able to understand exactly how despotism happens, dictatorship happens, usurpation of freedom by governments, how it happens.


UPDATE: MARK LEVIN & GLENN BECK DISCUSS RE-ESTABLISHING THE CONSTITUTION IN FIRST-EVER CONVERSATION!

Saturday, October 29, 2011

On this day...

American Minute for October 29th:

OCTOBER 29, 1929, the New York Stock Exchange crashed.

Panic ensued as Wall Street sold 16,410,030 shares in a single day.

Billions of dollars were lost and America plunged into the Great Depression.

In a drive to aid private relief agencies, October 18, 1931, President Herbert Hoover stated:
Time and again the American people have demonstrated a spiritual quality of generosity...

This is the occasion when we must arouse that idealism, that spirit, from which there can be no failure in this primary obligation of every man to his neighbor.
Herbert Hoover continued:
Our country and the world are today involved in more than a financial crisis.

We are faced with the primary question of human relations, which reaches to the very depths of organized society and to the very depths of human conscience...

This great complex, which we call American life, is builded and can alone survive upon the translation into individual action of that fundamental philosophy announced by the Savior nineteen centuries ago.
Hoover concluded:
Part of our national suffering today is from failure to observe these primary yet inexorable laws of human relationship...

Modern society can not survive with the defense of Cain, 'Am I my brother's keeper?'
Hoover, Herbert Clark. Oct. 18, 1931, address for national drive to aid private relief agencies during Great Depression. Herbert Hoover, The Memoirs of Herbert Hoover-The Great Depression 1929-1941 (NY: MacMillan, 1952), p. 151.

(Brought to you by AmericanMinute.com)

Sunday, March 01, 2009

Does Government Spending Bring Prosperity?

Professor Greaves is a free-lance economist and lecturer. His recent books include Understanding the Dollar Crisis and Mises Made Easier (Glossary for Human Action).

Many leaders in high places now promise us that our government will never again permit poverty and depression to devastate our land. They propose more government spending as a cure for every economic evil. And millions of people believe that such a program will work.

The underlying philosophy behind political spending is not new. Similar ideas have appeared throughout all history. They came to full flower shortly after the economic collapse of 1929, when unbalanced budgets were generally accepted as necessary economic measures for relieving those in distress. You could not let innocent people starve, could you?

People pointed to idle factories, unemployed workers and their unsatisfied wants. All we need to do, they said, is to get the government to start priming the pump. A little government spending would provide the would-be workers with the wherewithal to buy the things they desperately need. This would encourage businessmen to put the unemployed to work in the idle factories. This solution sounded so simple, and its political appeal was apparent. So we tried it.

People just plumb forgot all that economists had ever taught. Many desperate persons reached for whatever share they could get of the apparent prosperity that followed. Until war changed the picture, the price they paid was chronic unemployment by the millions. Are we now asking for a repeat performance?

Most people seem to forget that the government can pay out only what it borrows or collects in taxes. They also forget one of the most elementary facts of a free economy —men who will not accept going wage rates must remain unemployed. Likewise, they fail to understand the real causes of depressions. A logical examination of pertinent data would show them that it was Federal Reserve money manipulation that brought on the depression we all deplore. We Americans truly need to know some very simple economic facts.