http://www.thefreemanonline.org/anything-peaceful/let-them-eat-cake/ Ideas on Liberty Wed, 15 Feb 2012 00:25:45 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.thefreemanonline.org/anything-peaceful/let-them-eat-cake/comment-page-1/#comment-21904 Baker’s dozen links dump Sun, 13 Sep 2009 16:04:17 +0000 http://www.feeblog.org/?p=1503#comment-21904 [...] Richman of the Foundation for Economic Education discusses some of the problems with raising tariffs on cheap Chinese tires.  I liked this quick synopsis a little bit better than [...] [...] Richman of the Foundation for Economic Education discusses some of the problems with raising tariffs on cheap Chinese tires.  I liked this quick synopsis a little bit better than [...]

]]> http://www.thefreemanonline.org/anything-peaceful/let-them-eat-cake/comment-page-1/#comment-21903 Jacob Steelman Sun, 13 Sep 2009 13:45:57 +0000 http://www.feeblog.org/?p=1503#comment-21903 This is the same tactic taken by the government in the 1929 Great Depression by the Hoover administration and followed by the Roosevelt administration. In a depression or recession consumers need cheaper prices not expensive prices. Government is the enemy of the consumer and agent for the ruling elites. Protectionism raises prices. Cash for clunkers raises prices by removing used cars from marketplace and reducing supplies of used cars available for sale. Printing fiat currency raises prices (depreciates the value of the currency) of commodities which are used as factors of production in the manufacture of various products. Printing fiat currency, changing accounting rules and spending trillions of dollars keeps bankrupt financial institutions afloat by keeping asset values (of otherwise worthless assets) higher than they would otherwise be absent government intervention. Minimum wage laws keep labor prices higher than they would otherwise be absent the government's intervention and results in unemployment among the less skilled workers. Licensing laws for doctors, dentists, lawyers, and other professionals keeps costs of these services higher than they would otherwise be absent the government's intervention. Government sponsored cartels providing natural gas and electricity keeps energy prices high. Government is not the solution government is the problem. This is the same tactic taken by the government in the 1929 Great Depression by the Hoover administration and followed by the Roosevelt administration. In a depression or recession consumers need cheaper prices not expensive prices. Government is the enemy of the consumer and agent for the ruling elites. Protectionism raises prices. Cash for clunkers raises prices by removing used cars from marketplace and reducing supplies of used cars available for sale. Printing fiat currency raises prices (depreciates the value of the currency) of commodities which are used as factors of production in the manufacture of various products. Printing fiat currency, changing accounting rules and spending trillions of dollars keeps bankrupt financial institutions afloat by keeping asset values (of otherwise worthless assets) higher than they would otherwise be absent government intervention. Minimum wage laws keep labor prices higher than they would otherwise be absent the government’s intervention and results in unemployment among the less skilled workers. Licensing laws for doctors, dentists, lawyers, and other professionals keeps costs of these services higher than they would otherwise be absent the government’s intervention. Government sponsored cartels providing natural gas and electricity keeps energy prices high. Government is not the solution government is the problem.

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