Timothy Noah Quotes
When the only people in mainstream discourse who care about the working class are Wall Street investors, it really is time to ask where our politics went wrong.
Noah, Timothy. The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It. Bloomsbury Press, 2012.
The Bishop in this letter threatened to excommunicate the President because his economic policy was causing the death of babies and elderly people from malnutrition and lack of medical care and other basic services.
The Banks and Wall Street were much to blame of the Great Depression which began in 1929. Many called for reform and heavy regulation of the finance industry. However President Hoover was very passive and the Depression became worse. Hoover also opposed ANY regulation of banking or Wall Street. Hence the names in this quotation. The Priest was the right wing demagogic radio host of his day. Virulently anti-Semitic and anti-Black, he was threatened with excommunication by the Catholic Church, which finally ordered him to cease us weekly radio show and stop the political hate.
One important observation of this quotation is the pejorative language Mises used to describe “Union Bosses” as opposed to “Union Leaders.” There were indeed a few Union “Bosses” but most unions had popularly elected leaders. It is similar to the left wing critic who refers to Corporate Executives as “Greedy Monopolists.” A few are but most are not. Historically, in the last half of the 20th century and the beginning of the 21st, the conservatives tended to be much better at pejorative language and used it more frequently and uniformly than the liberals who tended to be better in the last part of the 19th century and the first half of the 20th century.
Timothy Robert Noah (born 1958) is an American journalist and author. Previously he was labor policy editor for Politico, a contributing writer at MSNBC.com, a senior editor of The New Republic, where he wrote the "TRB From Washington" column, and a senior writer at Slate, where for a decade he wrote the "Chatterbox" column. In April 2012 Noah published a book, The Great Divergence, about income inequality in the United States.
