The Politically Incorrect Guide to the Great Depression & the New Deal
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- เผยแพร่เมื่อ 21 ก.พ. 2021
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Based on the Regnery Publishing book "The Politically Incorrect Guide to the Great Depression & the New Deal." Get the book at: www.regnery.com/9781596980969... Use promo code PIG50 to receive 50% off any PIG book when you buy "The Politically Incorrect Guide to the Great Depression & the New Deal."
In the second episode of "The Politically Incorrect Guide" Tom Woods & Michael Malice demolish widespread myths about the Great Depression and the New Deal. Tom & Michael explain how the New Deal worsened the very problems it aimed to solve, that capitalism didn't cause the Great Depression (the Federal Reserve did), and that World War II prolonged rather than ended the Great Depression.
The first season of "The Politically Incorrect Guide" includes ten episodes and will release throughout 2021. Each covers the undiscussed facts and stories about history, culture, and social movements, purged from today’s mainstream education system. Tom Woods penned the very first book in the series, "The Politically Incorrect Guide to American History," which was a New York Times bestseller.
Learn more about Tom Woods at: tomwoods.com/
Learn more about Michael Malice at: michaelmalice.com/
Watch more films from Dangerous Documentaries at: www.dangerousdocumentaries.com/
Malice sounds like it physically hurts him to say these statements
You can REALLY feel Malice is having major difficulty imitating NPC.
NPC?
@@getgle
Its their word for.people who disagree with them
@@getgle Someone who takes mainstream media at face value and does not question the status quo
@Graf von Losinj
Ah yes, corporations are known for their Communism.
@@WhaleManMan Ah yes, an NPC with no valid response to factual statements. Just empty platitudes hammered into your tiny little brain by your favorite pundit. Pathetic.
Malice sounds like he’s reading a ransom note
Forcing an anarchist to "praise" the government will sound like that.
@@redzeppelin6 yes, that’s the joke.
@@redzeppelin6 It was Malice's idea!
@Tony Stern If that is true, why is it that defense spending is just a few percent of total GDP? How is a few percent going to make a huge difference to the economy? It's not. As for the "petrodolloar", it's no more insane of a scheme than the Bretton Woods scheme that predated it was.
@@theredscourge This is the wrong comment section.
This video made me remember the very first time I had a libertarian thought: My grandmother was born a few months after the Pearl Harbor attack and grew up in Texas. A lot of her extended family were farmers, and she told me that several of them got paid to not do business. When she told me this I was too young to understand a thing about politics or economics, but I remember thinking "This seems like a bad use of government."
Yeah
exactly
They probably need a third “straight man” because Malice giving even rhetorical credence to the government is like Jesus giving a sermon on the virtues of Satan.
🤣🤣🤣🤣🤣
That's funniest thing I've read today, mainly because it's the truest analogy possible!
Thanks for the warm feeling of a true, up-from-the-belly laugh. I needed it. 👊
Is it just me or does he sound like he's having a stroke even just spitting it out?
@@fancyhitchpin8675 I was trying to see if the cartoon was blinking out S.O.S.
It truly makes it sound like the federal government was holding a gun to Malice's head just to spit the lines out.
🤣🤣🤣🤣 I cringed a little
Michael Malice actually sounds like some of the lines he's reading cause him pain.
Okay, this one started off excellent with the "sounds like depression" joke. Very clever!
Tom is an underrated actor
A very failed actor
And a failed podcast host.
Better than Michael at least.
What comes to Tom' s acting: in one of his podcasts, Tom told that he has done amateur theatre in the past.
"Anarchy"
Waited the whole time to see if Tom Woods wears the dress.
Don't worry, much more of that to come in the rest of the season!
Was just coming to post the same. Lol.
@@ShumaniTatankaOwachi Yeah, same. Michael Malice was clear in his promise of a bedressed Tom Woods in every episode. lol
So Malice actually needs to move out of NY to the middle of nowhere because he looks good in overalls
Both of these guys are underrated actors. Well done, gentleman!
Michael making rhetorical pro-government arguments is very distracting.
It's like before every line reading he's thinking, "How do I make this sound believable?"
While I'm not entirely convinced that doing nothing is the best option, I am admittedly taken aback as someone who has generally been pro new deal to see the harm it caused.
Calvin Coolidge tried doing nothing
He managed to turn a recession into the Great depression
The New deal was necessary if only for national morale
There were real socialists and communists running around in the 1930s
Doing nothing is always the best option because governments are never going to be more efficient at distributing capital than the "free market", buzzword meaning individuals and free enterprises engaging in voluntary transactions.
Doing nothing caused the depression of 1920-21 to last 1.5 years, doing something caused the Great Depression to last 11 years (actually longer, but WWII gets the blame for the last few years)
It's sad that nearly a century later we still have government intervention crushing small businesses and bolstering corporations.
Greetings from Poland! Keep up the work guys!
Hahahahaaauhh! Very clever , even snuck that one past the content creators and earned a "like". ....that part doesn't surprise me
@@lowlife5142 can you explain it I don’t get it
The way that my history professor explained the end of the Great Depression was that when WWII started, but before the U.S. got involved, weapons manufacturers were able to make a lot of money from selling weapons to the warring states
Love this so much. You guys are now on a keep up to date with list of channels. I don't even need the animation as you're way of conveying information in a conversational tone is absolutely engaging.
I’m so glad you guys did this cartoon, I love it
I always remember being told in school how great FDR was and how he made us stronger, only for my grandma to hear his name and go "he was awful." Guess when you grew up raised by farmers in that time it's bound to happen.
Same with my mother’s parents. They hated him. But my dad’s parents and grandparents thought he was the second coming of Christ.
More education here than 8 weeks of 7th grade
😂😂😂
Yes
I wouldn’t exactly trust an outlet that A) doesn’t cite sources for their claims and B) when they do cite their sources they tend to be pretty questionable ones.
This is being mirrored today. Stimulus checks are only handed to those with children. However, there are those (like myself) who are in a difficult situation. I could continue working, but I would make so much more money not working. In my area, people aren't able to afford homes, or even apartments, because they're overpriced for the amount of space. I wish I had the evidence, the supplies, or even the ability to prove that housing is one of the things causing such economic chaos. How can someone get a job with no home, but get a home with no job?
Firstly the illustrations are really good, quite transcendent. The tension is excellent. Malice is being, well Malice, and Tom is the eternal Dad. Content is spot on.
My son just briefly went over the Great Depression and The New Deal in his 5th grade class. I can't wait to show him this video. Tom Woods words this very eloquently. Better than I could ever do! I'll have to get the book to add to his at home reading curriculum.
Who is, currently, the highest paid Federal employee? The Director of the TVA (Tennessee Valley Authority) which was created by The New Deal to bring electricity to poor and underserved areas of Tennessee.
🧡♥️💜 Thank you for keeping the discussion going 💛💚💙
That was great 👍 you are awesome teachers that I am in here with:)~
So glad I got an add for this series, very entertaining and informative. Keep it up !
These need to be 3x longer! Great content!!
I like the America/Japan analogy. I’m gonna use that one.
It's the broken window fallacy....but with guns
Just your typical politician's business of putting out one fire, then another, and another, while starting all the fires themselves.
Very interesting, and informative !! We have ALL been given the Royal Shaft, by our Uncle Sammy !
And as long as we have sports to keep the masses distracted.
This doesn't really address why the 50s were so prosperous though. Sure, America had lost most worldwide competition, but that doesn't explain why the middle class was thriving so much. All of that manufacturing profit could easily have gone directly to the top, but high taxes on the rich and strong government intervention to provide education, homes, etc, for G.I.'s helped spread that wealth. And all of these policies were inspired by the New Deal Keynesian economics. Why did it work in the 50s but not in the 30s?
The tax code in the fifties amounted to nearly fifteen thousand pages; the first few comprised the progressive tax code, and the rest were the loopholes that were implemented in order for wealthy individuals and organizations to evade the tax code.
I love the “Politcally Incorrect Guide” book series
I agree about what you have to say about this book series
Stumbled upon this, great job I must say. Very educational and to the point.
Yup . When my Father was in Engineering School ,his summer job was surveying fields to measure which crops to eliminate .
( He knew better on the macroeconomic scale , but the wages were good to pay his tuition , and somebody was going to do it regardless .)
What is wrong with all of you commenting? Michael Malice is playing the heel, allowing Tom Woods to explain. This was a fun, informative video.
Love these. More please more. The caricatures make you both better looking weirdos hahaha JK
May God bless all the works of your hands and keep you under HIS hedge and shield. I have an 8yr old that hears this stops by to look for a sec then back to play......seed planted, watered and Gods light and time....peace hope and joy in suffering truth in love. Hallelujah!!!!
Great stuff. Thanks guys. Keep em going
*is distracted by background Chopin*
Also just discovered this channel and can’t wait to binge-watch eVeRyThINg!!!❤️
I wonder if Malice purposefully sounded like a robot.
how did government intervention cause the tulip bulb collapse of 1637? if it wasn't natural, what caused it?
I thought the whole episode was epic but it could be that I'm just a little biased at this point (hint: when you buy the PIG book by Woods, notice the dedication).
Hooray! At last, another Tom and Michael toon- brilliant. Bob Higgs RULES! :)
Love it. Thanks
Excellent series. cool. Thanks.
Oh god...i fully get it now. the world is a fucking nightmare.
And the Right says YT hates them.
IMO, the “story” of the Great Depression is a story told starting from the middle of the book with NO explanation of what led to it.
It’s like waking up with an extreme headache and hangover or to a knock on the door from the police to repossess your home and all of your possessions without a single shred of interest in, or acknowledgement of, ANY of the events that may have led to it...
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. " - F A Hayek
To quote the late great President Ronald Reagan quote I thought the ways of the new deal were the way to go. I look back now and realize they didn’t care the depression, they didn’t help at all. In many ways they actually said it back”
Another fantastic episode! You guys cant get these out fast enough!
I'll grant almost everything in this video, but I hate it when people ignore the fact that Europe and Japan were little more than burning piles of ash and rubble after the war. Then 11 million service men came home to factories that had been pumped full of steroids during the war and weren't bombed out, and a WORLD full of people that still needed products to buy and one giant supplier in the USA.
these are awesome.
That last line really got me.
This is the best thing on the internet
Interesting. I got a much different narrative from my history teacher
Man, Malice's cadence in that made the whole video for me
Haha, nice joke at the end. It reminded me of The Watchmen.
Yes! More of that!
Sounds like Malice is doing his best William Shatner impression.
lmao
You mean he is the Rock Et Man?... :)
🤣🤣🤣🤣🤣❤
Very good information!
Which book is the Robert Higgs quote at 12:40 from? Gonna get a copy as soon as I can, never heard of him before
Thank you for helping offset the received ignorance.
It's sad that the "broken window" theory now has to be explained using cartoons.
Hm, sounds VERY familiar to the circumstances we find ourselves in now.
Excellent presentation (Malice is a little unconvincing, and I can understand why) on what really happened. In a nutshell, prices need to fall to market clearing levels. Problem: governments would rather eat dog doodoo than allow that to happen, especially with wages, which are just the price of labor. Politically impossible, and even more so in today's climate.
Love it boys, can't wait for the next one! :)
Very interesting. More people need to understand history so that we can better plan for the future.
How you gonna post this 3 DAYS in advance, I need my Tom Woods in a dress fix!!!!!!
Sorry to keep you waiting!
Bud Abbott & Lou Costello as cartoon characters discuss The Great Depression. Tom Woods as the voice of Lou Costello and Mike Malice as the voice of Bud Abbott
Don’t forget about the Panic of 1893. The economic collapse was far worse than the “great depression,” and was caused by inefficient mega corporations being outdone by start ups and the unemployment from their bankruptcies had the byproduct of les capital flowing into smaller businesses with one and four people being unemployed initially and and for 5 years 1 in 10 people.
All of which was recovered from without government help in five years.
worth the wait.
Great stuff
What can we, as individuals, do to either reverse this crap or safeguard ourselves from the crash?
Bitcoin
Subscribed. Tom and Malice are the bees knees
Hopefully there are some zingers in this one.
Better than the first episode! Can't wait until Monday's release!
War can be profitable, as long as you aren't the ones fighting.
Suppose I saw two people arguing. I happened to have a baseball bat and a folding knife. Suppose I sold one guy the knife and the other guy the bat. I just made money.
This is true, but our analysis is looking at the wealth of society as a whole. Society as a whole cannot be made wealthier by war.
@@capitalresearchcenter right, but WW2 we were selling tanks, planes and bombs to the UK and others long before we joined the actual combat.
Wealth is created by work and work alone. Some - and we know who - prefer it's other's work not theirs - and this is the only economic problem humanity every had.
Not work alone. Saving and investing are also necessary.
@@brianomoli4 - saving doesn't create wealth, only saves it. Investing doesn't create * if there isn't someone working on the other end of the deal.
Making money out of money is pure theft.
@@kojak8403 breeding cows out of cows is pure theft
@@ChucksSEADnDEAD - not in this case it isn't, because when breeding cows you put in work and produce a useful good which others will want to voluntarily exchange for a good they perceive as equivalent and which cost them work. It is not so in case of money made out of money. It's empty and when you exchange it for goods, you exchange something for nothing, i.e. commit theft. It is legal nowadays. It used to be illegal during civilized times. This practice was called usury - a severe crime in fact. And very logically so.
@@kojak8403 You're just arbitrarily deciding what is putting in work and useful goods. Money is a useful good by any metric, but it doesn't count because reasons.
"It's empty and when you exchange it for goods, you exchange something for nothing, i.e. commit theft" - man's out here really trying to bring back the barter system.
"It used to be illegal during civilized times" - please describe these times, I can't wait to just spent 30 seconds on google to discover how uncivil they actually were.
"This practice was called usury - a severe crime in fact. And very logically so." - I'm going to report this comment to the ADL.
Didn't really make me laugh but the arguments are fantastic.
@tg6ugk well refuted
More of this, you two failed podcasters!
they couldn't just have burned the cotton? who thought "let's have mules stomp on the cotton to make it useless"?
if The New Deal helped corporations the most, how do you explain the Business Plot against FDR in 1933?
In comparison to small businesses it wasnt as destructive to corporations. America went from a country with strong economic growth to one which stagnated and even shrank
Oh plus the fear America would turn into a fascist econony. Cause FDR got America pretty close to fascism as it was
@@nicosmind3 He was a fan of Mussolini's. What did you expect him to do?
How did the Business Plot against FDR in 1933 turn out? Did it work?
@Andrew That was unfortunate....
I am embarrassed to admit I associate the Smoot- Holley act with Ben Stein in Ferris Bueller’s Day Off.
FDR made monopolies that his literal cousin (Teddy Roosevelt) worked to prevent.
Nice job!
Miss you on the timcast podcast Michael!
Why is Michael Malice talking like William Shatner?
Love the ending
Fantastic!
Why is this showing up on my recommend right while we are learning about the Great Depression and new deal 😂
FDR was also a horrible war time president. We saw signs of war ramping up on several fronts years before yet did nothing to build America up militarily. We still had WWI era ships and planes in service when Japan bombed Pearl Harbor.
Had we been better prepared maybe Japan wouldn't have thought us to be such an easy target and maybe we could've also helped in Europe to prevent Germany from causing so much horrible death and destruction and stopping the war much sooner.
FDR was also a total patsy when it came to dealing with Stalin at the end of WWII (and Stalin knew it). FDR was the weakest leader by far between him, Churchill and Stalin and his weakness allowed post war communism to spread unchecked subjugating 100's of millions more around the world to death and misery under Stalin.
They glossed over the fact that the US sold huge amounts of weaponry, equipment, food, and vehicles to Europe (Both sides) during WW2. Just talking about sending US troops to war not helping the economy is an incredibly limited analysis.
The production put into manufacturing that weaponry, equipment and other war materiel could have been put into manufacturing capital goods, tractors, and other civilian goods.
This is doubly true because war materiel has a much higher chance of being destroyed or rendered useless than civilian material, due to the whole.... Explosions and destruction thing.
So, basically, fascism.
Can’t wait for the next episode
Malice sounds like he recorded his part in an empty room with a wood floor.
The annals of aviation crash investigations are replete with examples of Pilots who have encountered situations that were exacerbated by their attempts to fix the perceived problem or just "do something." Perfectly good aircraft have been flown into the ground by actions taken to correct problems that did not exist or their true scope was misunderstood. Many investigations have found that, if not for the intervention of the pilot, the aircraft would have kept flying.
Great video, very informative and entertaining. Now someone get Malice a real microphone for this and his youtube shows. Sounds like he recorded the audio on his tangled iPhone headphones.
A second Coolidge term from 1929-1933 would have made the great depression a shallow recession. FDR and Hoover made everything worse.
Video needs to be update since Goodyear and Cooper are merging. 🤣
Amazingly public schools teach that the new deal was the greatest thing