jasonk282
Banned
This guy is awesome, amazing how stupid some of our college students are.
http://www.youtube.com/watch?v=BUybMMYmpxo
http://www.youtube.com/watch?v=BUybMMYmpxo
Steven Crowder is wrong on a number of points. The Federal Reserve caused the Great Depression? He sounds like a graduate of Jerry Falwell's Liberty University. He's an asshole.
Monetarists, including Milton Friedman and current Federal Reserve System chairman Ben Bernanke, argue that the Great Depression was mainly caused by monetary contraction, the consequence of poor policymaking by the American Federal Reserve System and continued crisis in the banking system
In this view, the Federal Reserve, by not acting, allowed the money supply as measured by the M2 to shrink by one-third from 1929 to 1933, thereby transforming a normal recession into the Great Depression.
http://en.wikipedia.org/wiki/Causes_of_the_Great_Depression No where do I see Stock Market Crash as a cause.
However, the Federal Reserve allowed some large public bank failures – particularly that of the New York Bank of the United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed
"The GREAT depression?... Like, the first one?"
Sorry Jason but I'm not wasting 10 minutes of my time watching a guy who opens his routine with "I just finished reading this book by Glenn Beck and....".
Sorry Jason but I'm not wasting 10 minutes of my time watching a guy who opens his routine with "I just finished reading this book by Glenn Beck and....".
So because he read one book by a guy that's a blow-hard you dismissed the entire video?
Well I can understand that, but the fact that he is asking everyone favorite president and one answers Ben Franklin, and one also said that the 'founding fathers were blowing things out of proportion" and "which great depression, the first one?" should gardner you a view, you can just skip the first part about Glenn Beck, which his book is out today
Well, I can answer a few of those questions...
1. Benjamin Franklin has never been the president of the USA, since that office didn't exist yet. Even though he has been the 6th President of the Supreme Executive Council of Pennsylvania, that's not what was being asked.
Maybe he was one of the most prominent abolitionists during the end of his life, but it would still take 60 years before slavery was officially abolished.
2. Concerning the great depression. There are economists who believe that the current depression is far from over and that this might in fact be a 2nd great depression. Taking this into account, the which one question becomes more understandable.
3. "she makes it sound like Americans started slavery"... He should learn to listen when someone else talks, since she clearly said Europeans. So she wasn't demonising the USA, but in fact Europe (or those countries that traded slaves, which mainly were Great Britain and the Netherlands).