The Great Depression In The United States

The Benefits Of A Tariff Are Visible. Union Workers Can See They Are "protected". The Harm Which A Tariff Does Is Invisible. It's Spread Widely. There Are People That Don't Have Jobs Because Of Tariffs But They Don't Know It.

Inflation Is Always And Everywhere A Monetary Phenomenon.

When You Have A Time Of Crisis What Happens Depends On What Ideas Are Floating Around, And What Ideas Have Been Developed, And Thought Through, And Are Made Effective.

Individual Price And Wage Changes Will Not Be Prevented. In The Main, Price Changes Will Simply Be Concealed By Taking The Form Of Changes In Discounts, Service, And Quality, And Wage Changes, In Overtime, Perquisites And So On…. But To Whatever Extent The Freeze Is Enforced, It Will Do Harm By Distorting Relative Prices.

Pick At Random Any Three Letters From The Alphabet, Put Them In Any Order, And You Will Have An Acronym Designating A Federal Agency We Can Do Without.