Tuesday, July 10, 2007

Economic illiteracy

This is a prohibition poster from 1924.

It claims that if the money spent on intoxicating liquor was transferred into other items a massive increase in trade would boost labour on farms and in factories, revenue from railways and general transportation, etc.

It ignores the employment and taxation revenue created by the production, freighting and sale of alcohol. It ignores the foreign receipts from importation that allow purchases of NZ goods.

They could have gone a step further and considered how much more employment could be created if alcohol became a significant export market.

Think it over and vote prohibition!

I've thought it over and you are full of ____

1 comment: