FDR: Sowing the Seeds of Chaos


It has been accurately said that, if the American economy was the 7th wonder of the world, the American economic ignorance is the 8th. The same can be said for economics’ beautiful sister – history. It is amazing how many mouth breathers there are out there who do not know that FDR stole the people’s gold and things have not been the same since. So it must all be King George the Bushlet or Bareback Yomama’s fault, right? Not hardly. They were (are) only the symptoms. Actually America was infected with the slow moving but deadly disease way before FDR– jtl, 419

by David Stockman via The Ludwig von Mises Institute

The long-lasting imprint from FDR’s famous “Hundred Days” did not stem from the bank holiday, national industrial recovery act, the…

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