"The intentions of the New Deal were noble and praiseworthy."
I couldn't disagree more strongly.

The.USA.went.communist.in.1933.

Proof?
Before 1933, private property ownership was a SACRED RIGHT.

" Personal liberty, or the Right to enjoyment of life and liberty, is one of the fundamental or natural Rights, which has been protected by its inclusion as a guarantee in the various constitutions, which is not derived from, or dependent on, the U.S. Constitution, which may not be submitted to a vote and may not depend on the outcome of an election. It is one of the most sacred and valuable Rights, as SACRED AS THE RIGHT TO PRIVATE PROPERTY...and is regarded as inalienable."
- - - 16 Corpus Juris Secundum, Constitutional Law, Sect.202, p.987.

Few Americans can remember what private property was, since it has been 83 years.

"PRIVATE PROPERTY - As protected from being taken for public uses, is such property as belongs absolutely to an individual, and of which he has the exclusive right of disposition. Property of a specific, fixed and tangible nature, capable of being in possession and transmitted to another, such as houses, lands, and chattels."
- - - Black's Law dictionary, sixth ed., p.1217.

"OWNERSHIP - ... Ownership of property is either absolute or qualified. The ownership of property is absolute when a single person has the absolute dominion over it... The ownership is qualified when it is shared with one or more persons, when the time of enjoyment is deferred or limited, or when the use is restricted. "
- - -Black's Law dictionary, sixth ed., p. 1106

“... nor shall private property be taken for public use, without just compensation.”
- - - FIFTH AMENDMENT

Clear enough? Absolute ownership of lands, houses, and chattels by an individual is a SACRED RIGHT, secured by government, in harmony with the Declaration of Independence.
....

Ready for it?
Sitting down?
Comfortable?

http://bestamericangold.com/confiscat...

"The private ownership of gold is a privilege, not a right. Congress revoked the privilege of private ownership in 1933 and restored it in 1974. Congress could easily revoke the privilege again. In fact, at no time during this century has the U.S. government recognized the right of private gold ownership. The Trading With The Enemy Act, which President Roosevelt invoked in 1933 to restrict private gold transactions, remains law. The government could reactivate the machinery, which The Trading With The Enemy Act established, to implement gold confiscation."
- - - Boston College International and Comparative Law Review 297, 320 (1982)

Congress and FDR declared that private ownership of gold was a privilege, not a right.

“The ultimate ownership of all property is in the State; individual so-called “ownership” is only by virtue of government, i.e. law, amounting to mere user; and user must be in accordance with law and subordinate to the necessities of the State.”
— Senate Document No. 43, 73D Congress, 1st Session, entitled: “Contracts Payable in Gold”, by George Cyrus Thorpe, submitted to the senate: April 17, 1933

......
Is that clear enough? Not just gold but ALL property.

The STATE abolished private property (absolute ownership by individuals).
.......

From the Communist manifesto: "In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property."
https://www.marxists.org/archive/marx...
Abolition occurred in 1933.
......
STATE OF EMERGENCY

Senate Report 93-549
War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (as of the report 1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."

... ABRIDGED BY LAWS ... UNDER EMERGENCY RULE ...
... COMMUNIST RULE ...

Constitutional U.S.A. (1787 - 1933) R.I.P.

Hello freedomforall,

History repeats... we see, but, WE know. Unfortunately the same sort that did not know then, still live on in abundance and cheer at Sanders and Clinton gatherings. Not that the GOP is blameless, or without their failures... It has been said that the only difference between the Ds and The Rs is that the Rs feel guilty about their profligate spending. Who is John Galt?

Great Morganthou quote; here is a bit more.
“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!” – Henry Morganthau, FDR’s Treasury Secretary, May 1939

Meh.. what's a few trillion? Wait... what comes after a trillion?

Respectfully,
O.A.

"The intentions of the New Deal were noble and
praiseworthy."-- Excuse me, I take leave to doubt that statement. In Galt's speech, he mentions,"The truth is worth than the obscene excuse you have allowed them, [this is a quote from memory] that their horrors are the means to a happier end. The truth is that those horrors are their ends." I think that this was meant to
refer to concentration and labor camps, etc., but
it could refer to this also; that the welfare state
was intended to be a power-luster's paradise.
And what kind of people profit from it? And what kind of people get those bureaucratic jobs
and get their kicks by ordering people around?

Obama acted the same as Roosevelt, prolonging a recovery that should have taken 2 years into a recovery that has taken 7 years and is not quite through yet.
I like the comment of Groucho Marx about the Great Depression. "I walked into the stands of the race track a wealthy man. I walked out a pauper."

Much of the socialist flavor of the "New Deal" was FDR's response to Louisiana Governor Huey Long. "The Kingfish," as Long was called, had built a nationwide following with his populist, unabashedly socialist views as the solution to poverty and joblessness. Just as Hillary has swung far left in response to Sanders' socialist call, FDR adopted much of Long's bag of promises. Even then, had Long not been assassinated in 1935, he might have been able to defeat FDR in the 1936 election.

Once specific government patronage is declared strongly enough and often enough, it becomes difficult for the promiser to backtrack. Clinton has trapped herself into a very socialist strategy. If she wins, fiscal collapse won't be far behind.

I can imagine FDR saying "It is all Hoover's fault."
That sounds so familiar.

This is an excellent article except for one minor part, which is not even a full sentence "The 1920s experienced at once the reckless expansion of credit by the Federal Reserve." There is a myth that the 1920s were driven by cheap credit and monetary expansion by the Federal reserve. This is not the case. The economic growth of the 1920s was real and driven by the technology of the electrical grid.

There is a similar myth about the 1990s. The Fed did not cause the expansion by easy credit, but it did kill off economic growth when it became overly restrictive in 2000. The Fed thought it knew better than the market and decided it had to tighten the credit markets to deflate the stock market despite the fact that there was no inflationary or other rational measure that suggested interest rates were too low. In both cases the stock market had probably gotten ahead of itself, but that is not the purpose of the Fed and in both cases it made a minor problem into a much bigger problem.

We know that the government meddling has not stopped since the 1920's and based on their meddling we now have the situation today of a quiet GREAT DEPRESSION. We hear from the government through their lackey media folks how good things are, all lies. The number of jobs being lost each year out number the number of jobs that some people are getting. large corporations have cut jobs significantly and some are going under, as in the case of Sports Authority. As these jobs disappear the mom and pop stores lose their customers, let us say it is a trickle down effect. Our congress has for 100 years been dumb down so they chose to allow their chosen leader to do what ever he wants.
Do not expect any positive change since these civil servants that have been elected to serve us in the congress haven't a clue as to what to do. I give the country 20 years at best!