| The Cheerful Science!
ECONOMICS is the “Dismal Science” |
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Lettuce use
the old Cabbage,
and examine the Euphoric— Poly—Tickle “Science” (Academic asylum for Timothy Leary disciples). The first minimum wage in Knoxville (Powell Post article by Mr. Lynn Redmon, Aug. 15, 2006) is an excellent example. Let us follow the sequence of events which led to the joyful event of 1938, and later benefits of Franklin Roosevelt’s “ New Deal.” Many wonderful ingredients were blended into this sausage: the 1913 “ Orders at the mill were strong” and “ average wages in the cotton mill peaked at” 50¢/ hour. (Brookside Mills, Knoxville). In April of 1929, President Herbert Hoover asked congress to protect american jobs. The final committee vote of Congress, on October 28, 1929, was the crucial event which triggered the 1929 stock market crash (Jude Wanniski). Congress sent the Smoot-Hawley tariff bill to be signed by President Hoover in March, 1930. Import Tariff - cuts the return flow, and disconnects export workers. “Cotton mills in the Carolinas closed immediately, but Brookside kept operating” in spite of the massive destruction of voluntary international trade relations. Many employees could work, instead of few - or none. This “heartless company” cut everyone’s hours back— and offered 15¢/ hour. Federal Income Tax rate increases— to 63% (from 25%), put the cap on the (smoke) stack. President Roosevelt continued this “good work”: “He gave people something to believe in.” He increased Federal Income Tax rates to 79%, and bestowed the LSD of minimum wage increase— Abolish Market Prices: balance of supply/demand. Employers disbursed higher wages, as the (few) loaves of bread and fishes were divided among the improvident sojourners at lake Gallilee. “ During World War II the federal government pumped ” billions of dollars into the economy. The elixir of spending Continental Notes and Civil War greenbacks was re-enacted during Roosevelt’s “ New Deal” and by President Carter’s stag-flation policies (Reich Stag - 1921). This benevolence most always The “ Immigration Problem” will be alleviated when illegal workers avoid the higher minimum wages— on principle. Consider our recent stimulating events, and read Atlas Shrugged by Ayn Rand. President Franklin Roosevelt and his “New Dealers” believed that low prices (and wages) caused the depression. Price & Wage increases were legislated to correct “ Market Failure.” The National Industrial Relations Act of 1933 (NIRA) and other legislation, attempted to create a government-wide system of industrial and agricultural cartels, to limit the hours worked, and prohibit “child labor” to restrict production. This was intended to increase profits for employers, create more jobs and provide for pay increases. A bureaucratic monstrosity of hundreds of industry codes, and Minimum Wage legislation was created, and enforced by thousands of code-enforcement police. John T. Flynn wrote about: code-enforcement police who “roamed through the (New York) garment district like storm troopers.” “ Night work was forbidden. Flying squadrons of these private coat-and suit police went through the district at night, battering down doors with axes looking for men who were committing the crime of sewing together a pair of pants at night.” The government promoted the codes-enforcement by smearing competition, competitive price cutting, and independent business owners as: “economic cannibalism”, “cutthroat price slashing”, “industrial pirates”, and “chiselers”. Government enforced cartels were praised as “cooperative arrangements.” * * Robert Higgs, Crisis and Leviathan, p. 178.) How Capitalism Saved America, pp. 185 - 188.) Juno de Moneta [Goddess of WARNING] Stiglitz - epiPhoney The New Deal in One Lesson Spurious Ideology Thymology LandGrab.US Isonomia.US Escape Winter to a Warm Topical Asylum? M.B.'s ISLE |