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originally posted by: spiritualarchitect
No. The Red Americans should come first. They are the ones who got screwed over first.
originally posted by: Oldtimer2
a reply to: blueman12
Why? there were black people in the states before they started to bring in slaves when the British took control,the filthy bastards,make the damn limey's pay the ones that were shipped here
originally posted by: blueman12
a reply to: sine.nomine
I'm not suggesting your generation of ancestors are evil or anything either.
originally posted by: MyToxicTash
a reply to: Oldtimer2
I think you will find the British were leaders abolishing the slave trade.
My ancestors fought a savage war to free the slaves. You're welcome. I don't know how many other countries fought wars for basic human rights for slaves
Mainstream economic historians tend to portray the "free banking" or "wildcat banking" era as chaotic and prone to banking panics. Loosely regulated by states, and not at all by the federal goverment, banks had the power to issue their own currency, resulting in a proliferation of competing bank notes that sometimes weren't worth the paper they were printed on. From this perspective, the passage of the National Banking Acts in 1863 and 1864 marked a welcome step in the maturation of the U.S. financial system.
But whether or not you accept that explanation of history -- and many, many libertarians, led by Rep. Ron Paul, do not -- there was also another clear reason for the consolidation of central government control over U.S. currency. Lincoln had to find a way to pay for his enormously expensive war, and issuing paper currency theoretically backed by government securities was the method he used to do it.
If you listen to some of the more wild-eyed libertarian voices out there, you will find that it is at this point that America really went off the tracks. Abraham Lincoln centralized government control over the money supply! And freedom died. We lost our bearings during the Civil War and have never managed to find our way back.
And all that leaves out the fact that there is no one alive today who was directly harmed by the nominal reason why we are paying people these reparations. No one today is being repaired for their slave status that they suffered.