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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (63171)	11/12/2007 3:49:00 PM
From: TimF	Read Replies (1) \| Respond to of 90947

The PDF at the following link is long (76 pages) and academic in nature, but its worth skimming the first 17 or so pages (its only worth reading through the whole thing if your really interested in the topic and aren't put off by all the equations later in the document). Basically it details how FDR tried to limit competition and increase prices, which isn't exactly what a struggling economy full of poor people needed. Part of the effort was to encourage unions, which resulted in more strikes, and more lost work days. Part of it was to set all sorts of rules that got in the way of competition and discounting. Another part was to reduce anti-trust enforcement and allow collusion. In some cases perfectly good product (esp. agricultural products) was destroyed in an attempt to drive up prices. Well that will drive up prices, but it does so as a result of having less product available. Another way to describe less goods being available is to say that the people participating in the economy are poorer. econ.yale.edu