Download PDF by Bill Gunston: An illustrated guide to modern airborne missiles

By Bill Gunston

ISBN-10: 0668058226

ISBN-13: 9780668058223

An Illustrated advisor to trendy Airborne Missiles ASIN: 0668058226 EAN: 9780668058223 Binding: Hardcover

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Extra resources for An illustrated guide to modern airborne missiles

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I am grateful to the publishers concerned for permission to republish this material here. HENRY HAZLITT Wilton, Conn. August, 1969 Contents Preface 1. Instant Utopia 2. Salvation Through Government Spending 3. 舠We Owe It To Ourselves舡 4. Consequences of Dollar Debasement 5. The High Cost of Wage Hikes 6. Price Controls 7. More on Price Controls 8. Who Protects the Consumer? 9. Famines Are Government-Made 10. Runaway Relief and Social Insecurity 11. Income Without Work 12. Fallacies of the Negative Income Tax 13.

This remedy is defective in two respects. It tacitly assumes that there is a uniform discrepancy between prices and wages and a uniform percentage of 舠idle capacity舡 throughout industry. Neither is true. If 舠industry舡 is estimated to be operating at 80 per cent of capacity, we must remember that this figure is at best an average. It may cover a situation in which, say, industry A is operating at only 60 per cent, industry B at 63 per cent, and so on up to industry M at 97 per cent and industry N at 100 per cent.

Early in 1968 the Administration also got Congress to abolish the remaining gold-reserve requirement of 25 per cent against Federal Reserve notes, on the plea that this was necessary to reassure foreign central banks by making all remaining United States gold holdings available to them. But what this action really did was to remove the last legal limitation on the amount of paper money that the Federal Reserve system may issue. Finally, the American government has pressed for the creation by the International Monetary Fund of 舠special drawing rights舡 (SDR舗s), or 舠paper gold,舡 to 舠supplement舡 dollars as international reserves.

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An illustrated guide to modern airborne missiles by Bill Gunston


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