Ep. 519 Darryl Cooper’s Strikeout on US Labor History
Adam Haman returns to help Bob give a loving yet forceful pushback against Darryl Cooper’s discussion (on the Jim Webb podcast) of US labor history.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Darryl’s appearance on the Jim Webb podcast.
- This episode’s sponsor, the Scott Horton Academy.
- Patrick Newman’s article on the Crash of 1873. A pro-union description of the 1877 railway strike. The price level from 1860-1939. Ben Powell talk on sweatshops. George Selgin’s book Less Than Zero. Hayek’s collection Capitalism and the Historians.
- The HamanNature substack.
- Help support the Bob Murphy Show.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
Super important episode!
New for me was the important realization that the wage cuts were triggered by a general deflation after a war-induced bubble.
The point bears repeating for emphasis: Prices across the board were undergoing a 50% cut, and rail workers were resorting to violence over paycuts on the order of 10%.
This is the GOLD NUGGET of this discussion, and MOR PEOPLE MUST BE TAUGHT IT.
Every Bob Murphy Show listener is duty bound to become promote this show.
EXCELLENT IMPORTANT TEACHING EPISODE THANK YOU
Thanks, I thought it was pretty important myself. (I didn’t think about the connection until prepping for this episode!)