Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.
John ChamberlainI'm more interested in seeing what the material tells me than in imposing my will on it.
John ChamberlainBut now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.
John ChamberlainThou shalt not covet means that it is sinful even to contemplate the seizure of another man's goods - which is something which Socialists, whether Christian or otherwise, have never managed to explain away.
John Chamberlain