Abraham Lincoln's National Bank

[Travlyr]

Thomas J. DiLorenzo says that Lincoln supported having a National Bank (which is a central bank) and Lincoln was anti-Gold/Silver standard.

What's the issue?

I think the speech DiLorenzo is referring to is the OP. When you read Lincoln's own words in the OP do you understand it to mean that Lincoln intended to counterfeit money and debase currency? I don't get that out of that speech. I understand it to mean redeemable currency using an audited national bank. Also of note, is that in order to win a war, debasement of currency such as "Greenbacks" is virtually required if your opponent is debasing their currency. People simply will not put up with paying for war if they have to pay for it directly.

[heavenlyboy34]

Except International Bankers can manipulate other countries into war, fund both sides of the war, and put them all into debt.

Truth.

[Travlyr]

Except International Bankers can manipulate other countries into war, fund both sides of the war, and put them all into debt.

Yeah, this is the big difference. An audited national bank, as advocated by Lincoln, would be a major improvement over letting international bankers print money at will without any scrutiny as we do today.

[erowe1]

But to understand the real Lincoln one must realize that during his twenty eight years (whoops... I think DiLorenzo meant) twelve years (because that is the truth) in politics before becoming president

Lincoln was sworn in as President in 1861. 1861-28=1833. Lincoln began politics in 1832.

[Travlyr]

Lincoln was sworn in as President in 1861. 1861-28=1833. Lincoln began politics in 1832.

He only held political office for 12 years before becoming president. That is documented in the public records. He was interested in politics when he was a teen age boy, so using that logic his political career was 38 years before he became president.

[heavenlyboy34]

He only held political office for 12 years before becoming president. That is documented in the public records. He was interested in politics when he was a teen age boy, so using that logic his political career was 38 years before he became president.

Follow the link erowe posted. He's correct, and you're not.

[Travlyr]

Follow the link erowe posted. He's correct, and you're not.

What public office did he hold for 28 years?

[erowe1]

He only held political office for 12 years before becoming president. That is documented in the public records. He was interested in politics when he was a teen age boy, so using that logic his political career was 38 years before he became president.

But the quote you pretended to correct didn't claim he held political office for 28 years. It said he was in politics for 28 years before becoming president.

[Travlyr]

But the quote you pretended to correct didn't claim he held political office for 28 years. It said he was in politics for 28 years before becoming president.

Lol. Come on folks. He was elected to five terms in the Illinois State Legislature. He was elected to one term in the House of Representatives. That totals a 12 year political career. That is documented in fact. He voted for 28 years from 1832 until 1860 before he became president. Are you guys seriously claiming that voting = political career?

[erowe1]

Lol. Come on folks. He was elected to five terms in the Illinois State Legislature. He was elected to one term in the House of Representatives. That totals a 12 political career. He voted for 28 years from 1832 until 1860 before he became president. Are you guys seriously claiming that voting = political career?

That depends what DiLorenzo meant. Let's look at what he said. Did he say "held political office" or "in politics"? He said "in politics."

What did he say about this period of time Lincoln was in politics? He said he advocated the agenda of Clay. Should we not think that DiLorenzo means to include things Lincoln said and did in other capacities than simply legislation he voted for? Things like campaigning for Clay, for example? Since DiLorenzo said 28 years, and not 12 years, I tend to think that he did mean to include such things.