Why Libertarians Shouldn't Like the 19th century or the "Robber Barrons"

[acptulsa]

This is simply not True the banking families were always fighting against alternative currencies. The silver currencies which would have made currency available to people were regularly lobbied against by banking families. As well as the greenback and Tally Sticks.

The Banking Empires were always fighting against the currencies they couldn't profit from. They had a fun time manipulating currencies, but even though they could make gold go down and profit from it, I do believe that JPMorganChase is among the entities that make money every time the FRN goes down, and ensures that its value goes down all the time. They never figured out how to get gold to do that.

[juliusaugustus]

The Banking Empires were always fighting against the currencies they couldn't profit from. They had a fun time manipulating currencies, but even though they could make gold go down and profit from it, I do believe that JPMorganChase is among the entities that make money every time the FRN goes down, and ensures that its value goes down all the time. They never figured out how to get gold to do that.

With Gold you would simply loan out more money than you have in reserves. OR you manipulate by making it highly available or contracting it.

[juliusaugustus]

The Banking Empires were always fighting against the currencies they couldn't profit from. They had a fun time manipulating currencies, but even though they could make gold go down and profit from it, I do believe that JPMorganChase is among the entities that make money every time the FRN goes down, and ensures that its value goes down all the time. They never figured out how to get gold to do that.

With Gold you would simply loan out more money than you have in reserves. OR you manipulate by making it highly available or contracting it. the gold standard created the great depression by a contraction of currency.

[heavenlyboy34]

With Gold you would simply loan out more money than you have in reserves. OR you manipulate by making it highly available or contracting it. the gold standard created the great depression by a contraction of currency.

[acptulsa]

With Gold you would simply loan out more money than you have in reserves. OR you manipulate by making it highly available or contracting it.

'All I know is [money's] easier to print than to make by work.'--Will Rogers

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the gold standard created the great depression by a contraction of currency.

Currencies don't create recessions, people do. And I haven't noticed the depressions under the FRN to be any easier to take than the ones on gold.

[erowe1]

I must ad [sic] that the 19th century was not a time of Free markets or unregulated capitalism as some like to say.

You must add this to what? You hadn't said anything before this. Is this copied and pasted from something?

[erowe1]

This is simply not True the banking families were always fighting against alternative currencies. The silver currencies which would have made currency available to people were regularly lobbied against by banking families. As well as the greenback and Tally Sticks.

They lobbied for the gold standard and against silver dimes and quarters? Got a source for that?

[heavenlyboy34]

[h=Economic Depressions: Their Cause and Cure]1[/h]

[RabbitMan]

There was a huge rift between the gold standard and the silver standard people. I don't see why they wouldn't. But yeah, sources are required for such random posts like these.

[mad cow]

I was a commercial fisherman in the 20th and 21st centuries and I would probably have been one in the 19th century,not a robber baron.
I saw what liberty I had steadily reduced,on the job and off,throughout my 40+ year working life and there is no doubt that I would have had more liberty in the 19th century than I even had 40+ years ago.

Same thing goes for butchers,bakers,candlestick makers.