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Keyword: subsidieseconomics

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  • Saving the X Industry

    10/14/2009 2:55:12 PM PDT · by arthurus · 3 replies · 232+ views
    jim.com ^ | 1979 | Henry Hazlitt
    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...