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The Founding Fathers of Insider Trading (The GOP, Lincoln & Co.)
LewRockwell.com ^ | 30.08.03 | Thomas J. DiLorenzo

Posted on 08/30/2003 7:10:08 AM PDT by u-89

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To: rdb3
Not sure what you're saying other than Rockwell doesn't believe the stance of Justice Thomas. I agree some of the laws here in the South were quite ridiculous and I wouldn't have supported even one of them. However the issue behind that is, do the separate and sovereign states have the right to order their own affairs as they see fit within their borders? Within a true federal republic, the answer would be yes. But by the 1940s, this was no longer a true federal republic. The idea of the states being subservient to the national government from the get go is frankly repulsive. But the myriad of other laws not dealing with race that have been enforced upon the citizens of the respective states by a national government is not right either. Forcable integration by the government was the first step and it could be said, integration notwithstanding, that since the 1940s, the national government has taken its place in the plans of the more ardent Federalists that were dismissed out of hand at the original Constitutional Convention

Segregation was wrong and it could be easily be argued that it was a just cause for the national government to cause those laws to be done away with. But because of this interference, the national government has gone about the business of interfering within the states thinking it somehow has a right to do so on everything from the Ten Commandments to seat belts. My question to you would be is that right also?

21 posted on 08/30/2003 9:35:51 AM PDT by billbears (Deo Vindice)
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To: u-89; stainlessbanner; 4ConservativeJustices; sheltonmac; GOPcapitalist; aomagrat; stand watie
In the mid to late 1850s Lincoln was a prominent railroad lawyer. His clients included the Illinois Central, which at the time was the largest corporation in the world. In 1857 he represented the Chicago, Rock Island and Pacific Railroad, which was owned by four men who would later become infamous as "robber barons" for receiving – and squandering – millions of dollars in federal subsidies for their transcontinental railroad. Granting these men their subsidies would become one of the first orders of business in the Lincoln administration.

DiLorenzo bump

22 posted on 08/30/2003 9:42:25 AM PDT by billbears (Deo Vindice)
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To: billbears
This emailed posted on the LRC Blog was the inspiration for this article:

John V. Denson writes to Thomas DiLorenzo:

"Enjoyed listening to the tape of your Lincoln program in Richmond, Virginia, and also purchased the work book which I look forward to reading along with watching the video.

"In preparation for a train vacation, I purchased a book entitled Hear That Lonesome Whistle Blow. I did not expect to find any particular information about Lincoln but there is a nugget that I think will serve as another arrow in your quiver to help deflate the false mythology surrounding Lincoln.

"At the time the first railroad bridge was proposed to cross the Mississippi River the steamboat business objected that it was were interfering with a navigable river. The bridge was built and a steamboat crashed into it and this resulted in the famous Rock Island Bridge case. The railroad hired Abraham Lincoln to represent them in a Chicago trial in 1857. Lincoln's close connection to the railroad allowed him to get inside information on where the railroad might go and so Lincoln purchased land at Council Bluffs. When Lincoln became president he was able to make sure that the railroad would go near his land, causing him to reap immense profits.

"The whole railroad story is one of corruption, death, and destruction. There is much here about how the Union army was used through General Sherman and General Sheridan to exterminate the Indians and to trick them out of their land. The whole railroad picture was governed by a partnership between big business (the railroads) and government in the name of internal improvements. The two main obstructions to the great fortunes that were to be made in the railroads were the political power of the South to fight this phase of mercantilism, and the Indians and their possession of the land where they wanted the railroads to go. The Union army wiped out both obstacles and huge profits were made by those politically connected to Lincoln and his administration, which of course included Lincoln himself."

23 posted on 08/30/2003 10:58:59 AM PDT by u-89
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To: Mind-numbed Robot
I didn't know the story I heard was a leftist political attack. In fact I didn't know much about it and that's why I phrased my comments as a question.

As far as public financed ball stadiums goes they do that here in New Jersey too. Can't say I care for the idea.

24 posted on 08/30/2003 11:03:28 AM PDT by u-89
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To: rdb3
The quote you post is saying that Lew thinks totalitarianism is defined by federal government interferences and not by local laws which he implicitly says he finds fault with meaning he does not agree with them. The remarks say that in his opinion the Jim Crow laws were begein compared to the intrusive laws of today that negate property rights and freedom of association.

So one could argue over the definition of totalitarianism but one can not honestly say that Lew Rockwell supports descrimination or Jim Crow laws. There is no room for that interpretation of his statement. Therefore it is not a racist remark.

I do not know the context from which this quote was lifted from but it does not seem like the most diplomatic way of stating his position. For the record I have a broader definition of totalitarianism than LR seems to have as I see Thomas'claim against the State and Rockwell's both as valid examples.

25 posted on 08/30/2003 11:30:14 AM PDT by u-89
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To: u-89
Lew Rockwell has become Noam Chomsky "lite". So have the Losertarians.

This foray into history is a slick way of getting people to distrust the Feds (nothing wrong with that per se), without having those same people put the blame for where the system is today where it belongs: ON THEMSELVES.

26 posted on 08/30/2003 12:09:49 PM PDT by 11B3 (Looking for a belt-fed, multi-barreled 12 guage. It's Liberal season, no daily limit.)
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To: u-89
Funny. I thought this was a thread about Lincoln by a widely published Lincoln critic. Yet if one were to go by the comments of its detracters alone they'd think it was a thread about Lew Rockwell. Go figure.
27 posted on 08/30/2003 3:21:17 PM PDT by GOPcapitalist
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To: Ronly Bonly Jones
You can take my words as calling Lew Rockwell a racist traitor

Call him whatever you desire but would you do one thing for me first? Namely, please tell me what relevance your anti-Rockwell rant has to the contents of this article or its author.

28 posted on 08/30/2003 3:25:15 PM PDT by GOPcapitalist
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To: Huck
Give credit where credit is due. Thomas J. DiLorenzo wrote the article. He is trying to make a career out of attacking Lincoln. Beats attacking someone who can fight back, I suppose. I think this Lorenzo guy is hilarious. His single-minded Lincoln obsession is absolutely hysterically funny. There is no need to refute it. Anyone who can be duped by DiLOrenzo is just a dupe anyway. Who cares?

Curious. Instead of adding to the string of anti-Rockwell ad hominems you at least took the time to notice that it was written by Tom DiLorenzo...before launching into a string of anti-Dilorenzo ad hominems. It puts you ahead of your colleagues by a few feet though you are still behind any substantive discussion by several miles.

29 posted on 08/30/2003 3:28:59 PM PDT by GOPcapitalist
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To: u-89
This powerful clique of New England/New York/Chicago business interests "aroused the suspicions of the South," says Brown, since they were so vigorously lobbying Congress to allocate huge sums of money for a transcontinental railroad across the Northern states. Southern politicians wanted the route to pass through their states, naturally, but they knew they were outgunned politically by the political clique from "the Yankee belt" (New England, Pennsylvania, Ohio, the upper Midwest).

Why put the railroad in the South when it was the North that was more industrialized?

30 posted on 08/30/2003 3:41:29 PM PDT by #3Fan
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To: 11B3
> This foray into history is a slick way of getting people to distrust the Feds (nothing wrong with that per se), without having those same people put the blame for where the system is today where it belongs: ON THEMSELVES.

Do you mean on the people in general or just libertarians specifically? If the latter I would take serious issue with that but if the former I would agree that the people have not carefully guarded their heritage bequeathed to them by their forefathers. That's why the term "the greatest generation" meaning those who lived through the depression and W.W.II is nothing more than leftist propaganda. It gets the people to congratulate themselves on supporting FDR's socialist/globalist revolution.

> Lew Rockwell has become Noam Chomsky "lite". So have the Losertarians.

What do you mean by that? On one hand you say those who question the government are leftists subversives then you follow up saying there's nothing wrong in questioning the government. The founders warned us not to trust the government and to be ever vigilant against it. Libertarians do just that. Leftists only question government actions when they perceive corporate influence but do not question government itself because they support big government, just not business. Libertarianism and socialism are polar opposites. The comparison is nonsensical.

31 posted on 08/30/2003 3:51:09 PM PDT by u-89
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To: #3Fan
Why have taxpayers fund private enterprise???

That is the big question and the issue here along with politicians and other government employees getting profitable insider knowledge in return for funding private enterprise with public moneys and sculpting policy to favor the connected (and generous). Not who makes a better case for deserving the spoils of government largess.

32 posted on 08/30/2003 3:59:55 PM PDT by u-89
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To: Huck
DiLorenzo is a nut, but as long as he is able to spread his racist and treasonous BS with a trowel on Rockwell's site, Rockwell gets full credit for it. This guy should be confined to the darker corners of Free Republic, not given a credible forum. Not that Rockwell is a credible forum, but hey.
33 posted on 08/30/2003 4:05:44 PM PDT by Ronly Bonly Jones
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To: GOPcapitalist
Rockwell allows this $#!+ to be published on his web site, by doing so he endorses it.
34 posted on 08/30/2003 4:08:00 PM PDT by Ronly Bonly Jones
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To: u-89
Why have taxpayers fund private enterprise???

I'd rather see private companies do the job but if the government felt there was a security advantage and an economic advantage for the country to quickly get the railroads across the country maybe they had a point.

That is the big question and the issue here along with politicians and other government employees getting profitable insider knowledge in return for funding private enterprise with public moneys and sculpting policy to favor the connected (and generous). Not who makes a better case for deserving the spoils of government largess.

Hard to say. It's natural that those that were already in the business would know the best way to do it and would've positioned themselves to do this great undertaking. It's also natural that there would've been people who fought to get this great undertaking on their land. After all, states still vie for these kinds of projects, it brings in revenue. Some states make a better case than others and win. Thoses that know the business are more likely to position themselves to win.

35 posted on 08/30/2003 4:09:47 PM PDT by #3Fan
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To: GOPcapitalist
Sadly it is all too common around this site for ad hominems to replace reasoned critique. Do these people think name calling is edifying to lurkers? It is done either out of immaturity, limited cognitive ability or malice of character (and some people qualify in all three categories).
36 posted on 08/30/2003 4:10:08 PM PDT by u-89
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To: Ronly Bonly Jones
You still do not seem to get it. Rockwell did NOT author the article that appears at the top of this thread. Tom DiLorenzo did.

Since arriving on this thread you have not posted ONE WORD about the contents of Tom DiLorenzo's article or its subject matter. Instead you have launched into a wholly irrelevant ad hominem tirade against Lew Rockwell for what seems to be no particular reason whatsoever. In light of that fact I must question your purpose of posting.

37 posted on 08/30/2003 4:12:22 PM PDT by GOPcapitalist
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To: u-89
As we all know GOPcapitalist never ever engages in personal attacks. LOL
38 posted on 08/30/2003 4:13:00 PM PDT by #3Fan
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To: u-89
It is done either out of immaturity, limited cognitive ability or malice of character (and some people qualify in all three categories).

You are absolutely right, and from the looks of things the personification of all three just arrived to flood this thread with his inanities.

Meanwhile I patiently await any one of them to do so much as make a factual comment about the article's arguments or its contents. The chances of that happening are unfortunately slim to none.

39 posted on 08/30/2003 4:15:08 PM PDT by GOPcapitalist
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To: GOPcapitalist
It's personal, GOPcapitalist; I did it specifically and with absolute intent to annoy you. Nothing more.
40 posted on 08/30/2003 4:17:00 PM PDT by Ronly Bonly Jones
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