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  • Posted by fivedollargold 11 years, 7 months ago
    I didn't know anything about Andrew Mellon before reading this article. Thanks for posting.
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  • Posted by khalling 11 years, 7 months ago in reply to this comment.
    that part resonated with me as well pirate.
    although I like some of their articles, they are dead wrong on patents. I am amazed that anyone writing about economic policy in that site could be so brainless about property rights, but there you have it. lower tax rates with one policy starve wealth creation by other policies
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  • Posted by $ rockymountainpirate 11 years, 7 months ago
    Interesting article. Anything Mellon Foundation I equate with the Lib/Progressives types.

    I like the part of the article below. While it's about FDR it's like deja vu all over again.

    'H. L. Mencken was spot-on when he wrote that the President was surrounded by “an astonishing rabble of impudent nobodies,” “a gang of half-educated pedagogues, nonconstitutional lawyers, starry-eyed uplifters and other such sorry wizards.” The New Deal, Mencken opined, was a “political racket,” a “series of stupendous bogus miracles,” with its “constant appeals to class envy and hatred,” treating government as “a milchcow with 125 million teats” and marked by “frequent repudiations of categorical pledges.” And, I might add, it didn’t cure the Great Depression; it prolonged it. (Note to FDR apologists: Before you send me bumper stickers and one-liners about what a savior FDR was, read this first.)'

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