And then competition came along from Japanese cars. See what happened
to GM.  They failed big time. Much of what you say is true but your
economic understanding is weak.

Read   Economics in One Lesson: The Shortest and Surest Way to
Understand Basic Economics by Henry Hazlitt


Paul Lamar
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A million copy seller, Henry Hazlitt’s "Economics in One Lesson" is
a classic economic primer. But it is also much more, having become a
fundamental influence on modern “libertarian” economics of the type
espoused by Ron Paul and others.

Considered among the leading economic thinkers of the “Austrian
School,” which includes Carl Menger, Ludwig von Mises, Friedrich
(F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a
libertarian philosopher, an economist, and a journalist. He was the
founding vice-president of the Foundation for Economic Education and
an early editor of /The Freeman/ magazine, an influential libertarian
publication.  Hazlitt wrote /Economics in One Lesson/, his seminal
work, in 1946. Concise and instructive, it is also deceptively
prescient and far-reaching in its efforts to dissemble economic
fallacies that are so prevalent they have almost become a new
orthodoxy.

Many current economic commentators across the political spectrum
have credited Hazlitt with foreseeing the collapse of the global
economy which occurred more than 50 years after the initial
publication of /Economics in One Lesson/. Hazlitt’s focus on
non-governmental solutions, strong — and strongly reasoned —
anti-deficit position, and general emphasis on free markets, economic
liberty of individuals, and the dangers of government intervention
make /Economics in One Lesson/, every bit as relevant and valuable
today as it has been since publication.

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We'd better all hold on to our hats:

A friend's brother was attending a NC school under a ROTC scholarship.
All A's the first semester.  Upon his return in January, he was presented
a written pledge saying that he would fight to uphold and defend the
U S Constitution; he signed it.  He was then presented with a second
affidavit that said he would pledge his allegiance to the president of the
United States; this he refused to sign.  He was notified that his
Scholarship
had been revoked and that he could no longer participate in the ROTC
program.
He's returned home and is enrolled in the local community college and is
hoping for a scholarship at a different university in the Fall.

It's pretty obvious why there is now two forms when previously the first
one covered everything.

roger paxton

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