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Will Rogers on Basic Economics

Supreme Court said today that New York City subway riders could ride for a nickel, but it didn’t say they could get a seat. NEW YORK, N.Y., April 8, 1929What in the world did the Supreme Court have to do with nickel rides on the subway in 1929? In general, what does any branch of government have to do with the price of anything? When the government touches the price of goods and services, subway riders can’t get the seats they need, drivers can’t get the gas they need (remember gas lines in the 70s?), companies go bankrupt, and jobs are lost.

Why is it that brilliant government economists still don’t understand supply and demand? Even hog callers on the farm understand that when demand is high, you have to raise the price, and when demand is low, you drop the price. But when the government locks the price, you run out of hogs and go out of business.

I guess those government bureaucrats never had to call a hog, turn a wrench or meet a payroll. It ought to be a requirement that anyone, especially economists and office holders, ought to be required to work in the real world for a while. Let them work on a farm and call the hogs. Sooooooooweeeeeee, here pig, pig, pig, pig!


Image Info: Will Rogers took his typewriter with him everywhere. Each day he would type out his “Daily Telegram” syndicated column and deliver the copy to the local telegraph office for transmission to New York for publication. Will Rogers’ column was arguably the most popular daily column of the day. Even today the most famous bloggers would envy Will Rogers humor, wit, common sense, and ability to communicate with his readers.

The image was taken directly from pictures at the Will Rogers Memorial Museum archive. I apologize for the quality of the image, but this is exactly what the 1920s photo looked like when I scanned it. In the hundreds of images contained in this iPhone application, I wanted to share as many different Will Rogers photos as possible from as wide a variety of times and situations – movies, cowboy, vaudeville, with famous people, and family scenes.

Will Rogers is a man worth remembering, and quoting. His wit, humor and insight into life will amaze and astonish you. His life will inspire you. Watch for new blog posts from my Will Rogers quotes collection.

I hope you have enjoyed this quote from Will Rogers and the accompanying image taken from the Will Rogers Daily Quotes iPhone app. Please visit our blogtwitter, or Facebook page regularly and pass these posts on to friends that might enjoy a bit of wisdom from Will Rogers.

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