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Great Myths of the Great Depression By Dr. Lawrence W. Reed

Dr. Lawrence W. Reed

Apr 05 |15:48
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This is a audio book by Dr. Lawrence Reed. You can get it for free on Itunes along with m any others by this author.

 

Many volumes have been written about the Great Depression of 1929-1941 and its impact on the lives of millions of Americans. Historians, economists and politicians have all combed the wreckage searching for the “black box” that will reveal the cause of the calamity. Sadly, all too many of them decide to abandon their search, finding it easier perhaps to circulate a host of false and harmful conclusions about the events of seven decades ago. Consequently, many people today continue to accept critiques of free-market capitalism that are unjustified and support government policies that are economically destructive.

How bad was the Great Depression? Over the four years from 1929 to 1933, production at the nation’s factories, mines and utilities fell by more than half. People’s real disposable incomes dropped 28 percent. Stock prices collapsed to one-tenth of their pre-crash height. The number of unemployed Americans rose from 1.6 million in 1929 to 12.8 million in 1933. One of every four workers was out of a job at the Depression’s nadir, and ugly rumors of revolt simmered for the first time since the Civil War.

“The terror of the Great Crash has been the failure to explain it,” writes economist Alan Reynolds. “People were left with the             feeling that massive economic contractions could occur at any moment, without warning, without cause. That fear has been           exploited ever since as the major justification for virtually unlimited federal intervention in economic affairs.”[1]

Old myths never die; they just keep showing up in economics and political science textbooks. With only an occasional exception, it is there you will find what may be the 20th century’s greatest myth: Capitalism and the free-market economy were responsible for the Great Depression, and only government intervention brought about America’s economic recovery.

I found Dr. Reed on facebook but you can get this book and others buy him on Itunes for free.

 

You can hear the rest of the book by clicking on read more.

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Rules for Radicals

The Resista

Jan 24 |16:25
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Rule 13 of Alinksy's Rules for Radicals:

"Pick the target, freeze it, personalize it, and polarize it."

"Comrades, you remember the ancient tale of the capture of Troy. Troy was inaccessible to the armies attacking her, thanks to her impregnable walls. And the attacking army, after suffering many sacrifices, was unable to achieve victory until, with the aid of the famous Trojan horse, it managed to penetrate to the very heart of the enemy’s camp."
 
Alinsky's teachings influenced Barack Obama in his early career as a community organizer on the far South Side of Chicago.[8][9] Working for Gerald Kellman's Developing Communities Project, Obama learned and taught Alinsky's methods for community organizing.[8] Several prominent national leaders have been influenced by Alinsky's teachings,[8] including Ed Chambers,[6]Tom Gaudette, Michael Gecan, Wade Rathke,[10][11], Patrick Crowley [12], and Barack Obama

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History of the speech or debate clause

The Resista

Jul 21 |05:47
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This link will lead to an explanation of the history of the speech or debate clause. This is the law that is protecting William Jefferson right now and the reason all of these creeps are shaking in their boots at the thought of their offices being searched. 

 

CONSTITUTIONAL IMPLICATIONS OF EXCLUDING CONGRESS FROM FEDERAL LAWS

  It is from the house rules website.
   

Reperations?!

Jun 27 |16:16
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O.k 

Is it me?

Am I the only African American who thinks "Reperations" is moronic?

No seriously hear me out..

Uh.. read me out..

O.k.. Our Ancestors should of gotten that 40 acres and a mule the state promised them.

No doubt there.. But to think that WE today should be paid for something our great, great, great forefathers deserved is not only ludicrous, it’s delusional! 

Progress..

Lets moooooove on?

I know that if you forget the past your doomed to repeat it. But forgetting and moving on are two different things. 

African American’s have made a lot of progress and taking two steps back with your hand out isn’t what I had in mind in respects of moving on and being a better people.

 

- Murphy aka Donn Da Dah 

 

Dude can't even steal oil correctly.

The Resista

Apr 29 |04:17
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I think we should move beyond calling Bush incompetent for the way he is running the war in Iraq and accept that the war was only for Oil. Let's be ok with that, unless you want the price to go up even more. Bushco, by actually making the price go up to the point everybody hates him and the republicans, and thinks the economy is in the dumper has failed in the blood for oil department. His plan to steal the Arabs oil is an utter failure. He can't even steal oil correctly! What kind of a Texan does that? His big oil friends must laugh at him behind his back all of the time. I am willing to bet his grades at big oil man school were really low. With the way this Iraq war for oil has gone you would think that the only way he got through Big Oil man school was because of his father. He most likely didn’t even go to class. He didn't just dodge Vietnam. He dodged Big oil man school by saying he had to do his national guard time. At least that is that way I heard it at the film festival.  I’m going to be looking into it because, Man! This gas thing sucks. I can barley afford to run my boat on the weekends.

 

 

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