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To: jrhana who wrote (62491)12/10/2008 10:21:28 PM
From: marcos1 Recommendation  Read Replies (4) | Respond to of 78408
 
That's why it's called Hoover dam not Roosevelt dam, in fact he ramped up the spending and FDR simply carried it on and re-branded it ... Hoover had run belgian relief under Wilson, he very much favoured state intervention beyond anything that had been tried before, including prohibition, which was pretty stupid

The austrian school gets zero respect from the powers that be, might as well face it, there will be bread and circuses and manna from Obamaheaven, guaranteed ... put it down to civil defence if necessary - deflation will bring actual blood in the streets if it runs hard and long enough ... Fekete is austrian, isn't he? ... here he says something i've been wondering about for quite a while, if maybe it will be seen to be in the interests of the powers that be if fiat currencies were to be devalued against PMs, in tightly controlled fashion of course, and only at the appointed time, but devalued nonetheless -

'James Conrad argues that Bernanke is different. He understands that he needs a much higher gold price in order to increase the efficiency of his airdrops. '

Message 25243768

Fekete is such a drama queen though eh ... some of the prominent 'bugs are embarrassing in that way ... 'but there has to be a pony somewhere in this pile'