Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

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

Posted on 10/14/2009 2:55:12 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.

(Excerpt) Read more at jim.com ...


TOPICS: Business/Economy; Government
KEYWORDS: subsidieseconomics

1 posted on 10/14/2009 2:55:13 PM PDT by arthurus
[ Post Reply | Private Reply | View Replies]

To: arthurus

I can see where the industry could take a pounding when there are Democrats in Congress - I mean how can a video compete with a Page?


2 posted on 10/14/2009 2:59:18 PM PDT by Hodar (Who needs laws .... when this "feels" so right?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hodar
LOL

we're talking "widgets" not "digits".

3 posted on 10/14/2009 3:03:46 PM PDT by exnavy (GOD save the republic)
[ Post Reply | Private Reply | To 2 | View Replies]

To: arthurus

this is Not a problem. Porn always sells


4 posted on 10/14/2009 4:44:08 PM PDT by Oztrich Boy (They have a saying in Chicago Mr Bond once happenstance, twice coincidence, three times enemy action)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson