All Posts Tagged With: "overproduction"
The Gilded Age: A Modest Revision
Mark Twain named the decades after 1865 the “Gilded Age,” and Progressive historian Vernon Louis Parrington sketched them in some detail in 1927. For Parrington (Main Currents in American Thought, volume 3), the Gilded Age was a “Great Barbecue” of continuous government largesse and State-assisted capital accumulation under a very simple philosophy: “[P]reemption [of land] meant exploitation [...]
21Sep2011 | Joseph R. Stromberg | 4 comments | Continued“The Tariff is the Mother of Trusts”
Why should we expect business people to favor laissez faire and to abhor government intervention? Few people outside of business do so.
1Jun2006 | Sheldon Richman | 3 comments | ContinuedInflation: Monetary and Educational
Thanks mainly to the Austrian economists, especially Ludwig von Mises, monetary inflation is a phenomenon that is well understood. When the state overproduces money, certain consequences necessarily ensue. The supply of money is not, however, the only thing that government inflates, or overproduces. Something else it has inflated is the production of educational credentials, college [...]
1May2005 | George C. Leef | 2 comments | ContinuedThere’s No Such Thing as “Overproduction”
A most stubborn economic fallacy, especially in my own discipline of history, is that in the unhampered market, output can exceed demand. This is the alleged problem of “overproduction.” The result of this calamity, we are told, is that unsold surpluses pile up, leading to mass unemployment, since the natural solution to overproduction is to [...]
1Jan2003 | Thomas E. Woods Jr. | 0 comments | ContinuedThe Central Economic Fallacy of the Century
Dr. Yates is adjunct research fellow with the Acton Institute for the Study of Religion and Liberty and the author of Civil Wrongs: What Went Wrong with Affirmative Action (San Francisco: ICS Press, 1994). The late Murray N. Rothbard once published a major article titled “Ten Great Economic Myths.” Included on Rothbard’s hit list were [...]
1Nov1997 | Steven Yates | 0 comments | ContinuedThe Freedom Revolution
What lifts this book above the pack is extensive use of Armey’s Axioms—witty though incisive truisms on public policy, from a man in a position to know. The author is the House Majority Leader, an architect of the “Contract with America,” a champion of the flat tax, and a former economics professor at the University [...]
1Feb1996 | William H. Peterson | 0 comments | Continued-
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