1/ IIRC Standard Oil was a piss poor "monopoly", continuously being out-competed by upstarts which underpriced them, forcing S.O. to continuously acquire said competitors to maintain their prices, which further incentivized would-be founders >>>https://twitter.com/StephenFleming/status/1266375283482845186 …
-
-
3/ was all a lie. The books switch back and forth between the terms "democratic" and "populistic" depending on who they want to promote. The "cross of gold" speech is presented with no context, leading to absolute nonsense. Government intervening to set railroad cargo rates >
Show this thread -
4/ is presented as "evening the playing field" without any understanding of what it's like to run a business, and how it's a !@# -ton more costly to deal with 1,000 customers each shipping 1 ton than 1 customer shipping 1,000 tons. "Civil service reform" moved us from a system
Show this thread -
5/ where left and right took turns flushing enemy bureaucrats and installing their own, to a new system where the left has their bureaucrats permanently in place, forming an unelected shadow government. Popular election of senators is heralded as a great democratic reform >
Show this thread -
6/ and not as what it actually was: a coup by the national level government against the individual state governments. Prohibition (which started in the late 1800s at a state level) is presented as a noble experiment which - ooops - and not as the creation of the mafia. etc
Show this thread -
7/ No, I got woke to the PQ over several years, from a lot of scattered reading, about 30 years ago. Can't recommend a short bibliography, unfortunately.
@AmityShlaes on the late Progressive era / Depression is excellent tho https://www.amazon.com/dp/B000ROKXXI/ https://twitter.com/Auberon_Quin/status/1266377724056100874 …This Tweet is unavailable.Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.