Economic Recovery, 1923

Dry law ignored 1921-22 the way hemp laws repealed after 2008 Crash

Stock markets began falling in 1916, despite War profits, because investors feared the approach of national Prohibition. Prohibitionist States had never been beacons of economic success–rather the contrary. The Crash arrived with the Volstead act the night of January 16th, 1920, and sure enough, the depression arrived. Yet two years later a fairly swift recovery had set in, (link) mainly on account of popular nullification. (link)

Prison terms replace light Bargain Day fines. (link)

This changed radically after the fanatically dry Ku-Klux Klan abandoned the Democratic party after “Whiskey Al” smith ran for president in 1928. Back then inauguration day was March 4th, and by March 2, the lame-duck Congress had gotten president Coolidge to sign the Jones Five & Ten law making beer a federal felony good for 5 years in the slammer and over half a million dollars in fines at current gold prices. With typical American humor Illinois papers that gloomily predicted a Dry Autocracy were soon advertising (non-Irish) Autocrat coffee. (link)

Just like a Latin American dictatorship

Federal Prosecutor Willebrandt had meanwhile weakened 4th and 5th Amendment protection to make way for really enforcing the first coercive amendments to the Constitution–the 16th importing the communist platform graduated income tax and the 18th, jointly yielding to the mystical fanaticism that loosed the Comstock Laws, Panic of 1893 and Panic of 1907–as apocalyptic plagues upon the former Land of the Free. Her tell-all exposé was published in August and September, 1929, as a syndicated column titled “The Inside of Prohibition.” (link)

Luckily for America, we still had unsubsidized elections and the Liberal Party’s 1931 repeal plank was published in time for the Democrats to copy it into their 1932 platform. (link) After Republican asset forfeiture enforcement brought on a Great Depression and Hoover’s Moratorium on Brains helped Hitler gain power in Germany, that wet plank walloped God’s Own Prohibitionists right out of the ballpark for the next five elections. (link)

Get the complete story in Prohibition and The Crash on Amazon Kindle in two languages. After this you’ll be able to explain to economists exactly how fanaticism and loss of freedom wrecked the U.S. economy.

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

Name(required)

Email(required)

Website

Comment(required)

Submit

Δ

Dry Dixieland 1913

We know best how to run your life

Long before Ayn Rand drafted the Non-Aggression Pledge, white Dixie Democrats were hard at work collecting signatures on a pro-life promise to point loaded guns at people. This they regarded as their deontological duty seven years before Christian National Socialism was even invented, and six years before George Wallace was born.

The Pro-Aggression Pledge of Their Neighbors’ Keepers

Within a year, the Harrison Tax Act would reach out with censorship of advertising, just as the same mentality manages to do today. These holy warriors for the Comstock laws got their power in many states before the Prohibition Amendment brought forth the Crash and Great Depression.

Naturally prohibitionists were surprised, and of course they seek to banish the thought or suggestion that sending government gunmen into banks and brokerages to confiscate accounts could possibly cause money to be withdrawn into hoarding until the fractional-reserve currency system collapsed into an economic black hole. The very suggestion elicits puzzlement that such a thought could be seriously entertained. But the thought is indeed entertaining and will enlighten your understanding of economics and how economics applies to today’s prohibitionism.

For more on how bipartisan prohibitionism crushed the U.S. economy and brought on the Great Depression, why not download Prohibition and The Crash–Cause and Effect in 1929? The book is live on Amazon Kindle and you can read it on a cellphone in your choice of language for the cost of a craft pint at a pub.

Prohibition and The Crash, on Amazon Kindle

Name(required)

Email(required)

Website

Message

Submit

Δ