Narrated by Reason TV reporter Michelle Fields for the Center for Freedom and Prosperity.
Matt Damon!
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It’s amazing how few people realize what FDR really did to the economy, including my father who grew up during his administration and eventually attended his funeral in an official capacity while in the Navy.
My Man Godfrey (1936) makes an interesting study in the uses and methods of propaganda; taking up to trumpet Roosevelt’s turn-about of the Forgotten Man; painting a portrait of the frivolity of wealthy folk and the honest good-heartedness of the indigent down-on-their-luckers; demonstrating the powers of the expert (a model of Roosevelt himself!) put to work for the boon of humanity. Piquant too is the political history of the writer Morrie Ryskind, a socialist of the first order in the thirties who turned conservative enough by the fifties to lend money, support and writing to WFBuckley to start up National Review. Dunno if he ever commented on his Godfrey work though.
MATT DAMON!
Godfrey had William Powell, and you grew to love the ditzy daughter and the wealthy patriarch. So maybe Ryskind never recanted because the message of the movie tilted toward conservatism: it was only after Godfrey regained his wealth and capacity that he was able to really affect positive change — by offering jobs, settling down to start a family, etc.
Just spitballing. As if I were at an MLA conference and some grad student read a paper giving Godfrey a strict socialist / progressivist reading.
I like to pressure the easy conclusions lazy intellects will often draw when they know others are going to let them in exchange for a pass of their own down the road.
ack. Sounds like some of the crapy position papers at the APA conventions.
How did Godfrey regain his wealth? By putting his expert knowledge to work, just as Roosevelt does for the nation. Born to wealth, he becomes the self-effacing benefactor to others, through his great knowledge.
There’s some things about Michelle Fields that I find quite pleasant. One of them is that she seems to be quite sensible. The other things I will leave unsaid at this time.
The other day, (in contrast) I was getting lectured by some lefty commenter about how come we ought to just spend ourselves blind because of the whole fiat currency thingy, and how that can’t possibly ever hurt us. The font of his authority was some dude at The Slack Wire (google it as interested), who turns out to be a flaming Marxist. Also with ties to Union of Radical Political Economics, and also (bonus!) a former policy director for the New York Working Families Party.
My inner chuckle didn’t translate to text very well. If the state fails to wither away, let’s just help it along some! Some courses of action, once tried, cannot be un-tried.
It’s long been a goal of mine to become a philanthropist. I better buy lotto tickets so I can get started.
sdferr,
He got wealthy again off of insider trading(!) He shorted (what’s is name —Carole Lombard’s character’s father’s) company. And he did it by stealing a necklace he was originally falsely accused of stealing by the bitchy sister.
And in any event, I don’t think he got poor cause of the Crash. Didn’t he give it all away out of guilt over a suicide or something?
Carole Lombard is comedy genius.
And nobody played boozy as well as William Powell.
Right Ernst, and he fell into depression over a loss, whether just a love lost or some more untoward sort of loss, he walked away from his life. And right too about the scheme he used to win the fortune: (quasi)underhanded speculation!
But he needed the wealth. And he didn’t just print it.
There’s a story told about deflation and contracting money supply tied into the causes of the Depression I think, though I don’t know the details and precise history of the thing. However that is, I’ve read that just such a lesson was Bernanke’s primary takeaway of the do and don’ts to avoid a deflationary spiral. Print. Helicopter it.
Might it be that if better knowledge were on hand in the early thirties the outcomes would have been less severe? I dunno, (who was listening to Hayek at that time, after all?) but do have the sense that Roosevelt’s experts themselves eventually reached the conclusion that everything they’d tried in remedy had failed, so they couldn’t have tried the last thing to be tried, i.e., stop trying: abandon control over the whole economy to the non-controlling sort of control of the markets, abandon attempts at specific human control over wages and prices in the whole economy — and shaping the whole economy — to general human control over very tiny pieces of the whole pie, where the individual pieces stood next to the whole economy ranked somewhere in the ratio of the matter of the earth to the matter of the galaxy, to let the whole make or remake itself in the mysterious unfolding order of such complexes.
i think the harding/coolidge approach was a no no to the proggs.
Did Michelle Fields say anything? ;-)
Mi-chelle, ma belle. Sont des mots qui vont tres bien ensemble!
Mi-chelle, ma belle. Sont des mots qui vont tres bien ensemble!
A lot you know. The song says “Sunday monkey don’t play piano song, play piano song”.
Except that WWII came along and the need for mobilization gave their central planning a new lease (heh) on life. Suddenly Baldwin Piano in Cincinnati OH is receiving orders for machine gun parts and aircraft wings. Suddenly everyone is willing to pour money through the government, through the war planning boards.
Weds. morning links…
Russia has become Nigeria with snow Harvard Faculty 1, Free Speech 0 The world over, Lefties hate free speech India Proudly Sinks the Durban Climate Change Talks European Central Bank Research Shows that Government Spending Undermines Economic Perform…