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Facts Forum News, Vol. 4, No. 2, February 1955
File 014
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Facts Forum. Facts Forum News, Vol. 4, No. 2, February 1955 - File 014. 1955-02. University of Houston Libraries. University of Houston Digital Library. Web. September 29, 2020. https://digital.lib.uh.edu/collection/1352973/item/1189/show/1133.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1955-02). Facts Forum News, Vol. 4, No. 2, February 1955 - File 014. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/1189/show/1133

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 4, No. 2, February 1955 - File 014, 1955-02, Facts Forum News, 1955-1956, University of Houston Libraries, accessed September 29, 2020, https://digital.lib.uh.edu/collection/1352973/item/1189/show/1133.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 4, No. 2, February 1955
Series Title Facts Forum News
Creator
  • Facts Forum
Contributor
  • Evans, Medford
Publisher Facts Forum
Date February 1955
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 4 1955; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 014
Transcript What they're saying about FACTS FORUM ... Mr. Smoot, my personal thanks to you for an excellent talk on a subject ["Federal Aid to Education"! that has worried me a lot. I am on (definitely) the side of the fence that says it is one of the fundamental truths that the government, the schools and religion should be unequivocally separated. I am glad that my side was presented, and for the sake of those who disagree, I am glad that their side was so ably presented. A. M. Johnson 7427 Claymont Dr., Dallas, Tex. ...May I have a copy of your talk?... It covered many of the things the American people need so urgently to know.... Yours for a better informed public, Z. M. Eberhard LYe.lii Harriet Ave., Minneapolis 8, Minn. . . . most interesting and thought-provoking ... Desire to re-read and help others to know about these things. Thank those responsible for bringing this splendid program before the general public and for gesture of sending a copy to those interested. Mrs. L. Bott S.300 N. Figueroa St., Los Angeles 42, Calif. 'Ion are doing a splendid job on your j Facts Forum radio program, and all loyal Americans owe you a vote of thanks .. . Miss F.thel Foresmun 140 E. 46th St., New York 17, N. Y. ...It is certainly welcome and refreshing to hear controversial topics covered so thoroughly and objectively. Robert II. Smith 5824 Ridge Ave., Cincinnati 13, Ohio ... I found this program particularly thought-provoking and would like to use it as a basis for discussions with friends. Jack Lyman Lyman Farm, Middlefield, Conn. ... As a student for the ministry, I feel that I should keep informed. If there is anyway I can keep receiving your Factual data. please let me know. Daniel A. Dryer Cordon Divinity School. Beverly Farms, \las~. . . . Please send trial subscription to Facts Forum News. We need facts—not wrongly- slanted opinions! . . . Miss Jean I.owrie Edmonds 4 Hastings House, Hastings-on-Hudson 6. N. V. ...May [Facts Foruml grow, grow am] erow in the interest of all. .. Yvone B. Michon 1343 Dorr St., Apt. 23, Toledo, Ohio ... Your programs are wonderful and most necessary. Joe McNulty 43 3rd St., Brooklyn 3, N. Y. identify interventionism and socialism. There are many supporters of interventionism who consider it the most appropriate method of realizing—step by step—full socialism. But there are also many interventionists who are not oul- right Socialists; they aim at the establishment of the mixed economy as a permanent system of economic management. They endeavor to restrain, to regulate and to '"improve" capitalism by government interference with business and by labor unionism. However, all lhe methods of interventionism are doomed to failure. This means: the interventionist measures must needs result in conditions which from the point of view of their own advocates are more unsatisfactory than the previous state of affairs they were designed to alter. These policies are therefore contrary to purpose. Minimum wage rates, whether enforced by government decree or by labor union pressure and compulsion, are useless if they fix wage rates at the market level. But if they try to raise wage rates above the level which the nn hampered labor market would have determined, they result in permanent unemployment of a great part of the potential labor force. Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the pub lie, it abolishes on the one hand as many- jobs as it creates on the other. II gov ernment spending is financed by borrowing from the commercial bank-, il means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely lhe facl that real wage rates are falling. The inherent tendency of capitalisl evolution is to raise real wage rales steadily. This is the effect of the progressive accumulation of capital by means of which technological methods of production are improved. Their i- no means by which the height of wage rates can be raised for all those eager to earn wages other than through tin- increase of the per capita quota of capital invested. Whenever the accumulation of additional capital stops, the tendency towards a further increase in real wage rates comes to a standstill. If capital consumption is substituted for an increase in capita] available, real wage rates must drop temporarily until the checks on a further increase in caf ital are removed. Government measurf- which retard capital accumulation • lead to capital consumption—such J confiscatory taxation—are therefore $ rimental to the vital interests of ' workers. Credit expansion can bring aboul temporary boom. But such a fictitioj prosperity must end in a general clef1 sion of trade, a slump. Il can hardly be asserted lhat " economic history of the last decael run counter to the pessimistic p"1' tions of the economists. Our age jf to face great economic trouble: this is not a crisis of capitalism. I'.1 the crisis of interventionism, of polio'1 designed lo improve capitalism and' substitute a better system for it. No economist ever dared lo as** that interventionism could result in <* thing else than in disaster and ch<J The advocates of interventionism—'A most among them the Prussian >| toiieal School and lhe American I"- tutionalists—were not economists. ' tin- contrary. In order in promote I plans, they flatly denied that thej any such thing as economic law. In "f opinion governments are free lo aclu' all ihey aim at without being restrai'l by an inexorable regularity in tbfl quence of economic phenomena. I the German Socialist Ferdinand " salle, they maintain that the stale- is I The interventionists do not appri the study of economic matters I scientific disinterestedness. Most of arc driven by an envious reserrfi againsl those whose incomes are than their own. This bias makes i*| possible for them to sec things Page 12 —Wld« Wo'ld National Socialist Adolf Hitler FACTS FORUM NEWS, February,i pacts
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