Political Theory

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Henry Hazlitt

This year marks the 70th Anniversary of the National Industrial Recovery Act, FDR's planning legislation that created the National Recovery Administration, the NRA. Henry Hazlitt saw precisely what the NRA would lead to, and after a dispute with the The Nation that resulted in his losing his position as literary editor, he wrote the following brilliant attack for the American Mercury.

William L. Anderson

The phrase "exporting jobs" is a misnomer. A job is not a good, nor is it a service, so it cannot be imported or exported. Only goods can fit that terminology, and one can neither purchase nor sell a job, so to say that U.S. corporations are "exporting jobs" is at best to be using economic language in a sloppy and inaccurate way.