After the 3-year Depression presaged by the first Prohibition Crash of 1920, Congress reacted to the sudden increase in looter anarchist partisans with the 1924 Immigration Act. Here’s how it worked.
Encouraged by confiscation, fines, asset forfeiture and cruel prison terms imposed on miscreants not shot on sight, religious fanatics turned the force of law against Sunday baseball. They blacklisted merchandise and made a crime–not of violence–but of trade and production.** America then was (thanks to our oilfields) a mystical satrapy more like Saudi Arabia than Iran.(link)
But in a fractional reserve banking system where securities are sold on credit backed by the value of the stock shares, confiscations, fines and asset forfeiture cause depositors to remove money from banks and sell off their stocks. The money supply contracts sharply and a liquidity crunch generates a wave of bankruptcies. Depression results and voters rightly conclude they’ve been had.(link)
This happened in 1907, 1914, 1920, 1929, 1987 and 2008. The mechanism is described in Friedman’s “Free to Choose.” When these events of 1920 and 1929 impoverished the nation, there was no opposition Libertarian Party to turn to. Voters turned away from the failed Kleptocracy and canvassed for communists operating under several different names. Communist ranks increased both times.(link)
The Kleptocracy dropped the ball, angry voters went elsewhere and communist membership doubled in the 1920-23 Depression. Communist membership fell when the dry laws were suborned and prosperity returned. But the 1929 Increased Penalties Act crashes caused communist numbers to double by 1932 and increase to five times the 1929 figure by 1937. With still no Libertarian Party to turn to, economic blight brought racial collectivist Christian National Socialists out of the woodwork in the US, Europe and Latin America. Another World War followed. That all changed after 1972.(link)
After George Bush Jr orchestrated the asset-forfeiture Crash of 1980, seizing bank accounts and homes containing a potted hemp plant, the economy went to hell and ku-klux christianofascism suffered a telling blow. After twice failing to elect mystics, God’s Own Prohibitionists hired a trained persuader who was assisted to power by backlash against Global Warmunist pseudoscientists and anti-industrial doomcriers.
Gary Johnson running as a quasi-Republican girl-bullier in 2012 doubled our vote share thanks to the search for outside parties. But when Johnson recognized the individual rights the LP defended for women in 1972, our take went up 328% to 4.5 million votes in the federal elections and another 8 million or so in more important down-ballot elections.(link) The Libertarian Party is growing 80% per year and all the looter parties–communist and fascist alike–are losing members.
Once voters understand how government agent bank robbers and home-confiscators wreck the economy and attract coercive altruism, we stand to add another 8 million votes in general elections for 36 million overall. That kind of spoiler vote clout could repeal the 16th Amendment and free individuals of the IRS. But if the current Libertarian Platform Committee adds idiotic voter-alienating planks, or a conspicuously insane street person or girl-bullying republican gets the nomination, all is lost.(link)
** Ragnar to Hank on conditions of life in the People’s States, remember?
Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.