Federal Government

Despite the large number

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Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. Competition was unacceptable…it was not the existence of monopoly that caused the federal government to intervene in the economy, but the … Read more

The idea that a

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The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as … Read more

During the fiscal year

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During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. … Read more

The federal government has

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The federal government has more power to recall a defective stuffed animal who’s little glass eye may fall off than to recall contaminated ground beef that could sicken or even kill hundreds if not thousands of people. The meat-packing industry is so powerful that it’s managed to prevent the government from having this basic power … Read more

Lincoln is such an

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Lincoln is such an iconic figure in American history. He seems to reflect so many elements of American culture that we consider essential, whether it’s the self-made man, the frontier hero, the politician who tries to act in a moral way as well as in a political way, Honest Abe. His career raises these questions … Read more

We also need to

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We also need to encourage Americans to become more fiscally responsible themselves. We can do this by redesigning our tax system into an expenditure tax with a single flat rate. … We have to substantially reduce the size and scope of the federal government, fundamentally increase the role of the states in choosing their own … Read more

It also comes down

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It also comes down to parenting. It is important to know what your beliefs are, and that you have to stand up for them or you don’t really believe in them. You know, my father and mother – in fact, every member of my immediate family – have worked for the federal government. Sometimes misunderstood … Read more