“In the six months after the law took effect, industrial production dropped 25 percent. Benjamin M. Anderson writes, “NRA was not a revival measure. It was an anti-revival measure … Through the whole of the NRA period industrial production did… — Lawrence W. Reed Copy Share Image
“Under Roosevelt, the top rate was raised at first to 79 percent and then later to 90 percent. Economic historian Burton Folsom notes that… — Lawrence W. Reed Copy Share Image
“Some economists have estimated that the NRA boosted the cost of doing business by an average of 40 percent — not something a depressed… — Lawrence W. Reed Copy Share Image
“In surveys, a majority consistently rank FDR near the top of the list for presidential greatness, so it is likely they would reject the… — Lawrence W. Reed Copy Share Image
“Life, liberty, and property do not exist because men have made laws,” Bastiat reasoned. “On the contrary, it was the fact that life, liberty,… — Lawrence W. Reed Copy Share Image
“The Wagner Act, or National Labor Relations Act, was passed in reaction to the Supreme Court’s voidance of NRA and its labor codes. It… — Lawrence W. Reed Copy Share Image
“During a period of barely two months during late 1937, the market for steel — a key economic barometer — plummeted from 83 percent… — Lawrence W. Reed Copy Share Image
“It constantly amazes me that defenders of the free market are expected to offer certainty and perfection while government has only to make promises… — Lawrence W. Reed Copy Share Image
“In politics, the connection between what you pay for and what you actually get is problematic at best... This is another way of asserting… — Lawrence W. Reed Copy Share Image
“Collectivists see the world the way Mr. Magoo did—as one big blur. They homogenize people in a communal blender, sacrificing the discrete features that… — Lawrence W. Reed Copy Share Image
“In the six months after the law took effect, industrial production dropped 25 percent. Benjamin M. Anderson writes, “NRA was not a revival measure.… — Lawrence W. Reed Copy Share Image
“Some defenders of FDR, such as economist Paul Krugman, blame the 1937–38 collapse on a reduction in government spending. In typical Keynesian fashion, they… — Lawrence W. Reed Copy Share Image
“No matter where you are on the issue, there is no solution to it within a government school context, only perpetual conflict. The answer… — Lawrence W. Reed Copy Share Image
