Union Perspectives

Economic thoughts of a great Federal Reserve Board chairman from 1934 to 1947: Chairman Marriner S. Eccles was way ahead of the times regarding the workings of the economy. He was a millionaire by the age of 24 and a tycoon by age 40. When conventional logic was for austerity during the Great Depression, he reasoned that investments in jobs take place in a climate of high prosperity for when the purchasing power of the masses increases the demands for a higher standard of living enables them to purchase luxury items. At this time we have millions of our people who don’t have enough purchasing power for even their barest needs. Eccles is one of the architects of the New Deal, despite being a wealthy man. Just like today, back in the 1930s, some business leaders believed that a depression was the God-given scientific operation of economic laws and not manmade. These laws could not be interfered with because they represented the biblical story of Joseph and the seven bountiful years fol...

In the writings of Niccolo Machiavelli’s “The Prince,” he explains the types of government and how they succeed or fail. To uphold laws of a country, it is done by fear of either some god, who the blame of punishment can be laid upon or fear of the government or a combination of both. If there is good, the government or prince takes the credit; but if it is bad, then god did it. You can see why a type of god is so important in most governments. Most all three types of governments use this as a way to keep control of the masses. The three types of government are: principality, aristocracy, and democracy. These are the good one, but there are also three bad types of government, which derive from the three goods ones when they fail. The principality slips into tyranny; aristocracy becomes an oligarchy, which has no respect for any civil rights; and the democracy turns into anarchy. Sparta, which lasted 800 years, used a constitution by Lycurgus that combined all three: principality, ar...

Janet Yellen is the new Federal Reserve chair; the first woman to hold this position of the world’s largest economy. She has three major goals as head of the Fed that will help the working wage slaves, but with her 36 years of experience and knowledge of the monetary system she can pull it off. One is to get unemployment down from 7 percent to 5-4 percent, which is in contrast to her predecessor Allen Greenspan, who wanted to keep unemployment at 6 percent, which always favored the money over the workers. Yellen’s number two goal is to get the flat wages up to a living wage with some disposal cash. Her third goal is to get the housing market growing again, which will be a huge boost in jobs, building, and also in needed goods for housing construction, like lumber and appliances. For the workers to have a person in the top position of finance who understands the need of the workers has never happened before. With the push by fast food for $15 an hour, some states, federal government a...