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Saving the X Industry
jum.com ^ | 1979 | Henry Hazlitt

Posted on 10/13/2009 12:22:44 PM PDT by arthurus

THE LOBBIES OF Congress are crowded with representatives of the X industry. The X industry is sick. The X industry is dying. It must be saved. It can be saved only by a tariff, by higher prices, or by a subsidy. If it is allowed to die, workers will be thrown on the streets. Their landlords, grocers, butchers, clothing stores and local motion pictures will lose business, and depression will spread in ever-widening circles. But if the X industry, by prompt action of Congress, is saved—ah then! It will buy equipment from other industries; more men will be employed; they will give more business to the butchers, bakers and neon-light makers, and then it is prosperity that will spread in ever-widening circles.

It is obvious that this is merely a generalized form of the case we have just been considering. There the X industry was agriculture. But there is an endless number of X industries.


TOPICS: Business/Economy; Government
KEYWORDS: economics; subsidies

1 posted on 10/13/2009 12:22:44 PM PDT by arthurus
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To: arthurus

I’m blaming free internet porn.


2 posted on 10/13/2009 12:25:55 PM PDT by ClearCase_guy (Play the Race Card -- lose the game.)
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To: ClearCase_guy

The “X” industry will be bailed out because they can be counted on for lobbying dollars and campaign fundraisers.


3 posted on 10/13/2009 12:27:24 PM PDT by a fool in paradise (There is no truth in the Pravda Media.)
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To: arthurus
Saving the X Industry?

Easy. Very Simple.

Phase 1: Collect Underpants
Phase 2: ?
Phase 3: Profit

4 posted on 10/13/2009 12:59:35 PM PDT by Responsibility2nd (I am Legend)
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