2nd Amendment at work: Great Depression

Here's a story from a comment at Calculated Risk (by Hazard):

As far as foreclosures go my father once told me that he attended quite a few foreclosure auctions in the 1930s. This was in the rural south.

And those auctions proceeded as follows.

All local residents attended bringing their hunting rifles and shotguns. When each house (or farm) came up for auction the original owner of it bid $1. The residents then pointed their loaded waepons at the sheriff and auctioner. The house was then sold to the only bidder for $1.
A nice way to keep the government and taxation (without representation) in check....

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