Organized Crime: The Unvarnished Truth About Government
Thomas J. DiLorenzo
Format: PDF / Kindle (mobi) / ePub
Politics and thieves, coercion and regulation, fascism and the Fed, centralization and liberty, workers and unions, trade and freedom, free-market achievements and government disasters in American history this book covers it all!
Organized Crime collection of essays in the tradition of Austrian political economy a combination of applied economics and the study of governmental reality. Unlike mainstream economists who are content to spin mathematical model after mathematical model which explain little or nothing about the real world, DiLorenzo s focus has always been just the opposite to use economic understanding to gain a better understanding of how the political-economic world works. Austrian economics is indispensable to succeed at this task.
The book is divided into six sections: Coercion and Regulation analyzes various aspects of government regulation of business; Politics and Thieves is of course about the inherent nature of government; Centralization versus Liberty discusses the never-ending quest by statists to monopolize and centralize political power so as to isolate themselves as much as possible from public influence; Money and the State describes the myriad evils of central banking, which was always thought of by its original proponents in America as an engine of corruption; Workers and Unions discusses various labor union myths and superstitions that too often cloud the public s thinking about the reality of labor markets; and Truth and Lies about Markets is a taxonomy of some of the main market-failure myths that have long been used to illegitimately advance the cause of economic interventionism, as well as some newer ones.
In Organized Crime: The Unvarnished Truth About Government, Thomas J. DiLorenzo strips away the vast apparatus of establishment propaganda and exposes the government smokescreen. No statist lies are safe from his scrutiny. In his straightforward and methodical approach to uncovering truths of freedom, liberty has a champion.
in the fortunes of the people舡 for the better. Ancient Greece also imposed price controls on grain and established 舠an army of grain inspectors appointed for the purpose of setting the price of grain at a level the Athenian government thought to be just.舡 Greek price controls inevitably led to grain shortages, but ancient entrepreneurs saved thousands from starvation by evading these unjust laws with black markets. Despite the imposition of the death penalty for evading the Greek price control
business knowledge to countries where it previously did not exist. It is not just technology that is transferred, but knowledge about business practices and the entire culture of capitalism and wealth creation. Without it no nation can make progress against poverty. The existence of foreign-owned factories in poor countries creates what economists call 舠agglomeration economies.舡 The location of a factory will cause many businesses of all types to sprout all around the factory to serve the
Republican Party policy of high protectionist tariffs. The average tariff rate in 1857舒on the eve of the start of Republican Party hegemony that would last for for more than fifty years舒was 15 percent according to Frank Taussig in his Tariff History of the United States. By the middle of the Lincoln administration the average tariff rate approached 50 percent and remained in that high, protectionist range, with a few ups and downs, until the federal income tax was adopted in 1913. The
creation of a banking industry cartel. As Murray Rothbard wrote in A History of Money and Banking in the United States, the financial elites of this country . . . were responsible for putting through the Federal Reserve System, as a governmentally created and sanctioned cartel device to enable the nation舗s banks to inflate the money supply . . . without suffering quick retribution from depositors or note holders demanding cash. In other words, giving the Fed more regulatory authority is not
and gives some of the money to a less affluent person (keeping a share for 舠administrative expenses), then 舠social welfare舡 can be increased. This was supposedly because of the economic law of diminishing marginal utility. An affluent person has a lot of money, therefore, he places a relatively low marginal or additional value on the last dollar earned. A poor person who does not have much money, on the other hand, places a relatively high marginal value on having another dollar. Therefore, the