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Words of Warning from 1940
The Heritage Foundation ^ | May 16th, 2009 | Guinevere Nell

Posted on 05/16/2009 1:36:56 PM PDT by Bratch

Herbert Hoover was no laissez-faire president like Calvin Coolidge, however he did respect the constitution, and he never was willing to go as far as Franklin Roosevelt. He made a speech just before Roosevelt’s election to a third term, in which he made some salient points—ones we would still be wise to consider today.

With Hitler, Mussolini and Stalin in power, and with a myriad of other dictators and authoritarian powers sprinkled across Europe, it was critical that the free citizens of America see the danger of handing over the reigns of industry to government—that economic power is so much more than just economic. As Hayek said a few years later, “Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends.”

Hoover explained this concentration of power that had preceded the tyrannies of every stripe popping up in Europe, and warned that the same could happen in America. The danger lies in the belief that government can solve all economic problems, if only it has enough power.

(Excerpt) Read more at blog.heritage.org ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: controlledeconomy; obama; roosevelt
Those who cannot remember the past are condemned to repeat it. --- George Santayana (1863–1952), U.S. philosopher, poet
1 posted on 05/16/2009 1:36:56 PM PDT by Bratch
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To: Bratch

“The danger lies in the belief that government can solve all economic problems, if only it has enough power.”

The truth that we must communicate far, wide and loud.

It’s time to take back the country.


2 posted on 05/16/2009 1:44:09 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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read


3 posted on 05/16/2009 1:44:24 PM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: Bratch

“These men are not Communists or Fascists. But they mixed these ideas into free systems.”

I wonder if Hoover owned a mirror.


4 posted on 05/16/2009 1:45:01 PM PDT by decimon
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To: Bratch

Good post. Thanks.


5 posted on 05/16/2009 1:51:00 PM PDT by EAGLE7 (They MAY take our lives but they'll never take our freedom!)
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To: bamahead; fieldmarshaldj

An interesting posting. Some might be interested in the book listed in the link, called “The Roosevelt Myth.” I’d never heard of that book.


6 posted on 05/16/2009 2:07:48 PM PDT by Clintonfatigued (The McCain/Palin ticket was like a Kangaroo, stronger on the bottom than at the top)
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To: Clintonfatigued
You can read it online here:

http://www.rooseveltmyth.com/book/hbzfrm.htm

7 posted on 05/16/2009 3:56:57 PM PDT by Riodacat (Legum servi sumus ut liberi esse possimus.)
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To: Clintonfatigued
I ran across that blog after I heard Rush touting the Heritage Foundation website.

They have a lot of good articles.
8 posted on 05/16/2009 4:07:40 PM PDT by Bratch
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