View Poll Results: FDR's Greatest Mistakes

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  • Seizing people's gold and devaluing currency by 42%

    17 28.33%
  • Outlawing personal ownership of gold

    18 30.00%
  • Huge tax increases

    16 26.67%
  • Tax withholding

    13 21.67%
  • Creation of world's greatest Ponzi scheme

    20 33.33%
  • Minimum wage

    13 21.67%
  • Massive eminent domain seizures (TVA, Oak Ridge, etc.)

    14 23.33%
  • Agitating Japanese into bombing Pearl Harbor

    16 26.67%
  • Incarcerating Japanese-American citizens into concentration camps

    36 60.00%
  • Other (specify)

    15 25.00%
Multiple Choice Poll.
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Thread: FDR's Greatist Blunder

  1. #131
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by phattonez View Post
    Because it applies in all other business deals. Part of the right to own property means determining your own subjective value for that property.
    Not in this case, since if the government was willing to pay you what you wanted, ED wouldn't be an issue. It applies in all other business deals, but not this one.


    So if I had the use of force behind me, then I'd be a lawful governing body? Because that's what a lawful governing body ultimately is.
    A lawful governing body is one whose authority derives from the consent of the people. In our government, we choose our leaders. Therefore, it is a lawful governing body, as opposed to an illegitimate one.
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  2. #132
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    Re: FDR's Greatist Blunder



    This one.
    "you're better off on Stormfront discussing how evil brown men are taking innocent white flowers." Infinite Chaos

  3. #133
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by the makeout hobo View Post
    Not in this case, since if the government was willing to pay you what you wanted, ED wouldn't be an issue. It applies in all other business deals, but not this one.
    ED wouldn't be an issue if people were paid their subjective value. Since they're not, people are routinely cheated with ED.

    A lawful governing body is one whose authority derives from the consent of the people. In our government, we choose our leaders. Therefore, it is a lawful governing body, as opposed to an illegitimate one.
    And if I gain the consent of my neighbors then what's the problem?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  4. #134
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by phattonez View Post
    ED wouldn't be an issue if people were paid their subjective value. Since they're not, people are routinely cheated with ED.
    If you said that you wouldn't sell your property short of a billion dollars, and we needed the property to put up a levy to keep the river from flooding, there'd be a big problem. The property owner isn't going to ask for what they fairly think they should get for the land, they are going to try to get as much money as they can, because people are naturally greedy. That's the issue with your plan.


    And if I gain the consent of my neighbors then what's the problem?
    You're just playing stupid now to be argumentative, aren't you?
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  5. #135
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    Re: FDR's Greatist Blunder

    FDRs biggest blunder would HAVE to be the FDIC. It gave government a vested interest in protecting banks and this in turn gave banks free rein to act irresponsibly. Fractional reserve banking is a natural occurrence. When you take the limiting controls off of it (I.E. if you don't have enough money in your banks to cover you withdrawals you might get put out of business) we end up where we are today.
    From the ashes.

  6. #136
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by Phoenix View Post
    FDRs biggest blunder would HAVE to be the FDIC. It gave government a vested interest in protecting banks and this in turn gave banks free rein to act irresponsibly. Fractional reserve banking is a natural occurrence. When you take the limiting controls off of it (I.E. if you don't have enough money in your banks to cover you withdrawals you might get put out of business) we end up where we are today.
    FDIC is protection for the depositors, not the banks, and it was passed back when the people were afraid to put their money in banks. Thanks to the recession, the same fears are alive today. That was why they raised the insurance up to $250,000, to stop possible runs on banks.

    ricksfolly

  7. #137
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by ricksfolly View Post
    FDIC is protection for the depositors, not the banks, and it was passed back when the people were afraid to put their money in banks. Thanks to the recession, the same fears are alive today. That was why they raised the insurance up to $250,000, to stop possible runs on banks.

    ricksfolly
    You are correct it's stated purpose is to protect the depositors. and it does or at least has.
    However, It has caused several situations.
    The natural check on banks over extending themselves is the threat that another bank will orchestrate a run on them and they will not have funds available to cover it. They go out of business, game over.
    It didn't take long after the FDIC came along for banks to realize it was a great deal to put others out of business. Not only did it eliminate the competition but they also were able to get the depositors funds at full value. Individuals rarely receive funds from the FDIC. They are deposited into another FDIC bank.
    The government realized this was bad. FDIC was having to pay out money to banks that were intentionally causing other banks to fail. They instituted regulations to prevent it from happening. This removed the natural check on the banks.
    Now without having to worry about the competition taking them out, banks become free to make irresponsible decisions regarding their funding limits.
    In all fairness the FDIC sets limits for these banks but they are lax about enforcement and as with all political decisions, the limits are often set because of political pressure and not by what they realistically should be. This is mostly responsible for huge mega banks we have.
    When these poor decisions finally come to a head what happens? The government is on the hook for up to $100,000 for each and every depositor ($250,000 now) if the bank fails.
    #1 they don't have the money to cover that.
    #2 They don't want to.
    So it becomes much cheaper for them "bail out" the bank and allow them to continue to operate, only providing the capital needed at the current time instead of having to pay out an ENORMOUS lump sum to cover the deposits of EVERY customer of the bank in question.
    So you and I end up subsidizing the bad decisions of banks so they can continue to operate and make bad decisions under the protection of the government.
    From the ashes.

  8. #138
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    Re: FDR's Greatist Blunder

    Quote Originally Posted by the makeout hobo View Post
    If you said that you wouldn't sell your property short of a billion dollars, and we needed the property to put up a levy to keep the river from flooding, there'd be a big problem. The property owner isn't going to ask for what they fairly think they should get for the land, they are going to try to get as much money as they can, because people are naturally greedy. That's the issue with your plan.
    At some point you'll just find another place to build.

    You're just playing stupid now to be argumentative, aren't you?
    No, I'm trying to show you that consent of the governed doesn't give you the right to steal unless you are granted that right from every single member of the governed.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #139
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    Re: FDR's Greatist Blunder

    FDR's Greatest Blunder? He essentially destroyed everything he touched.

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