Showing posts with label Prohibition. Show all posts
Showing posts with label Prohibition. Show all posts

Wednesday, March 22, 2023

Banking, Beer and Taxes

Have a new post up on Substack on the interesting parallels between today and 90-years ago.

Find it amusing that FDR, who was known for his White House cocktail parties during Prohibition, used a loophole in the Volstead Act to help solve the banking crisis he was faced with as he entered office.

As always - please Subscribe to my Substack, hit the Like button, or share with others. Cheers!

Tuesday, October 01, 2019

Flotsam and Jetsam

Miscellaneous thoughts and observations.

I would love to watch a documentary on Internet trolls narrated by David Attenborough... A major study finds little evidence that eating red meat is linked to cancer, diabetes, or heart disease. Yay meat!... Who knew? During Prohibition Walgreens grew from 20 stores to 500 in large part from sales of "medicinal" whiskey... Really looking forward to the NBA season - not just to see how Kemba Walker fits with the Celtics but also to see how Russell Westbrook fits with the Rockets... Roddy Piper set to Peter Gabriel's In Your Eyes. Rowdy Roddy was the best... "It is requisite for the relaxation of the mind that we make use, from time to time, of playful deeds and jokes." - Thomas Aquinas... I would love to see Larry Bird made head of USA Basketball...

Friday, July 27, 2007

Why Prohibition Really Ended

A very interesting article about why Prohibition really ended. According to the article it wasn't that Prohibition was a bad idea - it was that the Depression crushed tax revenues and the government needed the money liquor taxes would bring.
There's no doubt that widespread understanding of Prohibition's futility and of its ugly, unintended side-effects made it easier for Congress to repeal the 18th Amendment. But these public sentiments were insufficient, by themselves, to end the war on alcohol.

Ending it required a gargantuan revenue shock -- to the U.S. Treasury.
Maybe the folks who want to legalize marijuana should earn a lesson from this and instead of trying to get marijuana legalized based upon the merits of doing so - they should start arguing about legalizing marijuana as a way to raise new revenues to help save Social Security.

HT NRO's Corner