tag:blogger.com,1999:blog-1500499634306365143.post3525515410637136519..comments2024-03-20T00:06:07.159-10:00Comments on News from 1930: Favorites of the week July 7-12, 1930ikedimhttp://www.blogger.com/profile/08850614066530391040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1500499634306365143.post-11363732845064055032009-07-13T06:30:17.427-10:002009-07-13T06:30:17.427-10:00"Overcapacity"
WSJ this week:
German S..."Overcapacity"<br /><br />WSJ this week: <br /><a href="http://online.wsj.com/article/SB124700638667608205.html" rel="nofollow">German Steelmakers Cut Capacity</a><br /><br /><br /><a href="http://online.wsj.com/article/SB124722154897622577.html" rel="nofollow">GM Takes New Direction:Car Maker Leaves Bankruptcy; Will Slim Down, Court Consumers</a><br /><br />The Austrian Explanation: <a href="http://mises.org/pdf/Bachelorthesis.pdf" rel="nofollow">Causes of the Financial Crisis</a> An elegant, easy to understand explanation of how overcapacity developed, written as an undergrad thesis!<br /><br />"[Note: How is it that modern machinery makes things take twice as long to build?]" <br /><br />-Perhaps because unions require shorter work weeks, and guilded workers are forbidden from doing any job that is not their specialty, and the Federal Register of Regulations is 100 times longer than then, which means 100 times more forms to be filled out before any work can commence! The "labor" involved in construction has expanded faster than the "labor savings" created by modern machinery.Eldonhttps://www.blogger.com/profile/07784189829024952444noreply@blogger.comtag:blogger.com,1999:blog-1500499634306365143.post-89010776430122841032009-07-12T18:34:59.581-10:002009-07-12T18:34:59.581-10:00What a great blog!!! Thanks for your research. I...What a great blog!!! Thanks for your research. I would like to hear what you think.<br /><br /><a href="http://goldstocktrades.wordpress.com/2009/07/13/looking-for-comments-correction-or-blood-on-the-streets/" rel="nofollow">Correction or Blood on the Streets</a>Anonymousnoreply@blogger.com