United States or Vietnam ? Vote for the TOP Country of the Week !
He surely cannot be blind to the undebatable fact that America cannot always wax opulent on home trade alone; he must know that in time we are certain to reach a period of overproduction, when it will aid the nation to have alien peoples for customers of our mills and workshops.
The Farm Relief Bill seeks by the use of several methods, alone or together, to bring about an increased return to farmers for their major farm products, seeking at the same time to prevent in the days to come disastrous overproduction which so often in the past has kept farm commodity prices far below a reasonable return. This measure provides wide powers for emergencies.
He must sow and reap in ignorance of the aggregate production of the year, and is peculiarly subject to the depreciation which follows overproduction. But while the fact I have stated is true as to the crops mentioned, the general average of prices has been such as to give to agriculture a fair participation in the general prosperity.
There were two kinds of squirrels the fat gray ones, of which there were not many, and the venomous little red ones, of which there seemed an overproduction. They were cute little wretches, but we did not care for them. They were pugnacious pirates; they robbed their unmilitant gray relative and chased him from the premises.
And, as is now well known to all of us, the same net loss to society comes from reckless overproduction and monopolistic underproduction of natural and manufactured commodities. Overproduction, underproduction and speculation are three evil sisters who distill the troubles of unsound inflation and disastrous deflation.
And certain of the soothsayers answered and said, "It is by reason of overproduction," and some said, "It is glut"; but the signification of the two words is the same. And others said, "Nay, but this thing is by reason of the spots on the sun."
A study of this report by those interested in agriculture and deriving their support from it will find it of value in pointing out those articles which are raised in greater quantity than the needs of the world require, and must sell, therefore, for less than the cost of production, and those which command a profit over cost of production because there is not an overproduction.
They had then learned how easy it is to issue it; how difficult it is to check its overissue; how seductively it leads to the absorption of the means of the workingmen and men of small fortunes; how heavily it falls on all those living on fixed incomes, salaries or wages; how securely it creates on the ruins of the prosperity of all men of meagre means a class of debauched speculators, the most injurious class that a nation can harbor, more injurious, indeed, than professional criminals whom the law recognizes and can throttle; how it stimulates overproduction at first and leaves every industry flaccid afterward; how it breaks down thrift and develops political and social immorality.
We may have, at a particular time, too much of the wrong kind of goods. That is not overproduction that is merely headless production. We may also have great stocks of goods at too high prices. That is not overproduction it is either bad manufacturing or bad financing. Is business good or bad according to the dictates of fate? Must we accept the conditions as inevitable?
He never rose to more deadly irony than in such macabre descriptions as that of the poor woman proving her sisterhood with the rich by giving them all typhoid fever; or that perfect piece of badinage about "Overproduction of Shirts"; in which he imagines the aristocrats claiming to be quite clear of this offence. "Will you bandy accusations, will you accuse us of overproduction?
Word Of The Day