History repeats itself, despite warnings

Here's a nice quotation:

I am suspicious of this railroading of bills through our House of Representatives, and I refuse to vote for a measure unseen and unknown. … I want the RECORD to show that I was, and am, against this bill and this method of procedure; and I believe no good will come out of it for America. We must not abdicate our power to exercise judgement. We must not allow ourselves to be swept off our feet by hysteria, and we must not let the power of the Executive paralyse our legislative action. If we do, it would be better for us to resign and go home-and save the people the salary they are paying us.

I look forward to that day when we shall read the bill we are considering, and see the author of the bill stand before the House and explain it, and then, after calm deliberation and sober judgement- after full and free debate-I hope to see sane and sensible legislation passed which will lift America out of this panic and disaster into which we were plunged.

 

I guess things haven't changed much in the United States since 1933, when the Emergency Banking Relief Act was passed. For more, read my Fed Up column.

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