Quote:
Originally posted by Greedy,Greedy,Greedy
Yes, you are wrong. Also, through the 19th century, much of the government's income was also from land sales.
If you want to understand the 19th century's economic history better, besides a quick read through of some material on Alexander Hamilton and on the debt from the Revolutionary War, you may want to look up "American System" and "National Bank", since much of the debate in the first half of the century focused on these terms.
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Anyone who said this when I said we have run deficits for most of our countries history:
"Cite please.
Burger has it exactly right. And it has been true for most of our nation's history - from the Continental Congress on.
Do we have to give you a lesson in economic history, too?"
Should not be lecturing people on history. What you said was moronic and I was polite. I knew about our consistent surpluses uptil Wilson in junior high school. Now I will be stop being polite. Your statement was idiotic and showed a complete ignorance of American economic history. I was not wrong. We did run high tariffs and they did contribute greatly to our revenue. So did land sales. And we had surpluses.
What I said was a 100% accurate and what you said was a 100% wrong, and you have the audacity to lecture me on nineteenth century economic history?
I will match my knowledge of economic history of the nineteenth century against yours any day.
