William Lyon Mackenzie King Quotes
For one cause or another, it has become necessary to impose restrictions upon the use of many commodities, including not a few of the necessities of life.
King, William Lyon Mackenzie. Temperance and a Total War Effort: Broadcast by Right Hon. W. L. Mackenzie King, M.P., Prime Minister of Canada, Wednesday, December 16, 1942. Director of Public Information, 1942.
Hoover was the Food Administrator at that time. Although he gave lip service to the free market economy concept, he was proposing government price controls and rationing. When the free market was not functioning, at this time in his career, he was willing to use government controls and regulation. By the end of 1918 over 250,000 food-handling corporations, firms, and individuals were under Food Administration licenses. Meat, fish, poultry, eggs, butter, milk, potatoes, fresh and dried vegetables, and fruits, canned goods, the coarse grains and rice, vegetable oils, coffee, and such various commodities accessory to food-handling, as ice, ammonia (for ice-making), arsenic (for insecticides), jute bags, sisal, etc., were under direct control. Ironically, later when he was President and faced with the Great Depression, he had become much more rigid and would not “interfere” with the free, private market and use government to solve the national problems. It was Franklin Delano Roosevelt who did that after Hoover would not. At the time he gave this speech, Hoover was not very political and was more of a technocrat. It may have been that by the time he became President he was intellectually and politically locked in to Republican Party conservative economic ideology.
Collection of Spoken Words of the Prophet. Ironically, despite the reverence with which words of the Hadith are accorded in Islam, from time to time Muslim theologians and authorities have attempted to establish “fair prices” despite this free market view of the Prophet.
To the modern reader utterances such as this from a Conservative Prime Minister seem astounding. However, the Great Depression existed in Canada as well as the United States, and Franklin Delano Roosevelt was not the only world leader who would reach the conclusion that business and capitalism must be profoundly regulated and the system changed if it was to be saved.
The Black Plague, which raged in Europe from 1347 to 1349, had left relatively few able bodied people alive. Given this shortage of labor there was a rapid inflation, especially to the distress of the landed class who had to pay much more for their food. The king therefore established what amounted to price controls, wage controls and forces labor. See {611125} and {611126}
This is a very interesting quotation in that right wing parties are usually opposed to any kind of Government ownership and control of business and industry. However, Fascist parties have usually wanted to commandeer business and industry for the central purposes of the dictatorial state. The French National Front Party had its roots in the WWII French Vichy Government—which was allied with the Nazis to bring Fascism and racism to France.
Few politicians ever admit publicly to this truism, but all in private tend to agree, Inflation is complex and it takes a number of factors to control it.
William Lyon Mackenzie King OM CMG PC, commonly known as Mackenzie King, was a Canadian statesman and politician who served as the tenth prime minister of Canada for three non-consecutive terms from 1921–1926, 1926–1930 and 1935–1948. A Liberal, he was the dominant politician in Canada during the interwar period from the 1920s through the 1940s. He is best known for his leadership of Canada throughout the Second World War (1939–1945) when he mobilized Canadian money, supplies and volunteers to support Britain while boosting the economy and maintaining morale on the home front. With a total of 21 years and 154 days in office, he remains the longest-serving prime minister in Canadian history.
