Banking Act of 1935 + Fed’s Exercise of This Authority = New Deal Policy

“Defenders of the current orthodoxy, however, tend to pooh-pooh explanations such as mine. My story pertains to why the post-1933 recovery was such a drawn-out affair - I call this aspect of the Great Depression the Great Duration. In response to my claims and my evidence in support of them, the mainstreamers might (and at certain Web sites actually seem to, as it were) engage me in a dialogue as follows.…”

Rest of Article Here

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"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Schopenhauer

“How fortunate for leaders that men do not think.” - Adolf Hitler

"We should never forget that everything Adolf Hilter did in Germany was 'legal'" - Martin Luther King Jr., from a Birmingham jail, April 16, 1963.

Paleoconservatives often argue in favor of Real Bills Doctrine and Gold Standard policies with the understanding that Keynesian strategies don't work out like they're supposed to and are only useful for politicians trying to exploit public outcry for support.

What's the surprise?

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Be curious, not judgmental. - Walt Whitman
Nothing happens unless first we dream. - Carl Sandburg

Reason-->Justice, Power-->Utility. Don't mix up the two no matter how closely they're interrelated.

Choosing a currency is a peaceful, honest, voluntary activity that government has no legitimate authority to prohibit. That is a perfectly logical argument.

The Federal Reserve's monopoly is illegitimate.

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"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Schopenhauer

“How fortunate for leaders that men do not think.” - Adolf Hitler

"We should never forget that everything Adolf Hilter did in Germany was 'legal'" - Martin Luther King Jr., from a Birmingham jail, April 16, 1963.