This link has been bookmarked by 2 people . It was first bookmarked on 10 Dec 2008, by J Phil Glockner.
-
13 Dec 08
Yvonne FrindleToday the highest-price good that people buy besides their houses is their car, and this reality leads people to believe that we can't possibly let the American car industry die. We couldn't possibly be a real country and a powerful nation without our bel
-
10 Dec 08
-
Let's say that FDR had initiated a bailout of the piano industry and the even taken it over and nationalized it. The same firms would have made the same pianos for decades and decades. But that wouldn't have stopped the Japanese industry from taking off in the 60s and 70s. Americans would have far preferred them because they would be cheaper. American pianos, because they would be state-owned, would fall in quality, lower and lower to the point that they would become like a Soviet car in the 1960s. Of course you could set up tariff barriers. That would have forced American pianos on us. Except for one thing: demand would have still collapsed. The pianos still have to have a market. But let's say you find a workaround for that problem by requiring everyone to own a piano. You still can’t make people play them and value them.
-
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.