By the mid-1920s, the great wave of immigration suddenly en… - James Howard Kunstler

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By the mid-1920s, the great wave of immigration suddenly ended. The National Origins Act of 1924 and other measures set new highly restrictive immigration quotas that cut new admissions to 2 percent of each nationality from the 1890 census. This choked off what had been a constant half-century-long demographic subsidy of ever more customers for U.S. manufacturers.

James Howard Kunstler

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About James Howard Kunstler

James Howard Kunstler (born October 19, 1948, New York City, New York) is an American author, social critic, public speaker, and blogger.

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I argued that the human race should have known it was in trouble, [...] given how insane our way of life had become. Minor quit blowing into his harmonica long enough to say that John D. Rockefeller and the had made a deal with the Devil going back all the way to the 1900s.

Monetary inflation became a thing for the first time since Roman days — a much easier trick with printed paper banknotes than with silver coins — but the effect was the same: the evaporation of “wealth” (which is what money supposedly represents).

Paper money is bad enough, as France learned under the tutelage of the rascal John Law in the early 1700s. The nation was broke, exhausted by foolish wars, and heaped under unbearable debt.

By the mid-1920s, the great wave of immigration suddenly ended. The National Origins Act of 1924 and other measures set new highly restrictive immigr… - James Howard Kunstler

About James Howard Kunstler

Additional quotes by James Howard Kunstler