Creating the Next Great Depression | Thomas J. DiLorenzo

Presented by Thomas DiLorenzo at the Mises Circle in Newport Beach, California; 14 November 2009. Sponsored by Louis E. Carabini. Includes an introduction by Douglas E. French.
Video Rating: 4 / 5

25 Comments

  1. fiatalfa1 says:

    “Fool me once shame on you!” “Fool me twice shame on me!”

  2. equsnarnd says:

    @mrzack888 Did you graduate from HS? Do you think buying off a gov’t official is a one way transaction? How can you be so blind, so delusional in thinking that a person is a crook if in business but a saint if in gov’t? Are you expecting cats to bark like dogs?

  3. equsnarnd says:

    @mrzack888 Did you graduate from HS? Do you think buying off a gov’t official is a one way transaction? How can you be so blind, so delusional in thinking that a person is a crook if in business but a saint if in gov’t?

  4. priapus512 says:

    Since there is no such thing as to big to fail that is not a problem.

  5. bartj777 says:

    If you can’t trust corporations what makes you think you can trust public offcials? Time again you miss my point. You think all evil possible of those who run businesses but are blinded by a belief in the saintliness of government officals.

    Do you know how the government works? There’s no difference except those in government have the power to use force while those in the private sector cannot. The government thus is by far the greater threat. Why do you trust them?

  6. mrzack888 says:

    do you know how the government works? government is composed of the people that are in power only temporarily. you make absolutely no sense. elected representatives vote on legislation and regulations and laws. and since you can’t trust corporations to govern themselves, everytime they fuck up , big government has to step in and put up more regulations. if proper regulations were in place, then the major fuck ups by corporations wouldn’t occur, or would be contained.

  7. bartj777 says:

    Do you know how regulations work? Who makes, enforces and interprets regulations? Humans, who you say cannot control themselves, who can’t be trusted with too much power. Face it, you can’t escape the problem with your assertion about regulations being necessary because of how flawed humans are. It is because humans are flawed that we shouldn’t have regulations because that kind of power is what causes corruption.

  8. mrzack888 says:

    do u know how regulations work? regulations are laws that are still in place regardless of who’s in power. congress and executive change every even number of years. glass stegall was put in place after the 1920s crash. it was in place up until the mid 1990s.

  9. bartj777 says:

    That doesn’t make sense because you are giving the people making the regulations too much power then. You say you don’t want people to have too much power, then you hand over huge amounts of power to the people in government. That’s a contradiction.

  10. mrzack888 says:

    that’s why regulations must be in place to prevent anyone from getting too much power. duh.

  11. bartj777 says:

    Gov. and regulations cannot be separate. Who creates, enforces and interprets regulations? There are laws in place to prevent gov. from getting too large and the gov. ignores them.

    Again, you still haven’t answered, if humans can’t control themselves, isn’t it folly to give some of them so much power over the rest of us?

  12. mrzack888 says:

    government and regulations can be separate. regulations should be in place to prevent corporations from being too big. regulations and laws should also be in place to prevent government from getting too large. but unfortunately these regulations aren’t enforced because the corporations buy off government officials.

  13. bartj777 says:

    That’s exactly what you said. Government is just a small set of people with power. If peple can’t control themselves, surely the giving them the police power of the state doesn’t magically transform them to become perfect.

    Laws and regulations are what create monopolies, it’s a myth that such things existed in a free market.

  14. mrzack888 says:

    nobody said anything about that. don’t put words in my mouth. regulations and laws MUST be in place to prevent such monopolies and oligopolies to form. Libertarians are against bailing out too big to fails, ask yourself, how do you stop something from becoming too big to fail in the first place? you can’t count on the average drone to be informed on everything.

  15. bartj777 says:

    If humans can’t control themselves, why do you think it’s a good idea to separate a few of them out and give them power to control the rest of us?

  16. crissis76 says:

    just the same tiresome pro free market propaganda

  17. mrzack888 says:

    evil corporations wall street bankers caused this mess, and the government allowed them to do it. problem is both . why can’t mises realize humans can’t control themselves, and needs proper regulations to keep society safe. if glass stegall was in place, this mess wouldn’t have been as big, and commercial banks would still be standing.

  18. HomeApplianceRepair says:

    We think we are on the edge of a big economic collapse.

  19. matti1003 says:

    To the point as ever.

  20. strongbadXCP says:

    Everything Tom said makes perfect sense. This isn’t rocket science. It makes me so furious that so many people are still full-blown Keynesians.

  21. 2oss7uprey says:

    Thank you. I enjoyed the talk.

  22. realisoph says:

    I am also glad that you called my ideas as being hopeful, which suggests that I am not just saying things that are beyond imagination but in fact achievable if enough people had the courage, power and reasonable, hence peaceful motivation to go for it.

    The raging beast of people thinking in terms of a revolution, driven by anger, fear, short term resentments or even false survival struggles, is the one thing I would do all I can to prevent it.

    I will take a look at the next video, thanks!

  23. realisoph says:

    I join in saying that this dicussion was a great pleasure.

    I understand how sometimes I get verbal attacks for being overly demanding on others, overly stretching imagination for letting go of, after all, less dramatic everyday challenges or insecurities involved in envisioning a future that has yet to be seen, letting go of the fear of loosing ones (false) personality, ones own identity of (financial) success, the illusion of power or superiority through things owned, rather than shared.

  24. RichardRoy2 says:

    3d. …revolution that will make the day. I’d prefer it to the other alternative, and I suspect you would too. It can be surprising how many people you can influence just by changing the mind of one person in your life. Influencing the right person can generate a chain reaction vast enough to boggle even an optimists mind. I have no objection to people who make there fortunes honestly. I’m still digging for answers. I trust you are, too. Thanks realisoph.

  25. RichardRoy2 says:

    2d. …find the next speaker interesting. He speaks of the fractional reserve banking, or, as you call it, compounding of interest. It’s “A Pro-Free-Market Program for Economic Recovery”. I realize you may disagree with aspects of it, but you may find some interesting insights as well. There are any number of possible outcomes. Perhaps a bloody revolution will have to come about. I’d prefer not. Perhaps it’s people like you and me who diseminate ideas enough to create an intellectual…

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