People tend to think of capitalism and labor unions as inherently antagonistic towards each other. But they’re not. It was actually a very anti-capitalist law passed as part of the New Deal that changed the nature of the employment contract and perverted the natural buyer-seller dynamic that would otherwise emerge.

The whole "exploitation of the workers" narrative starts with a fundamental misunderstanding of the employment contract. For some reason, we think of this relationship in precisely the opposite way from all the other similar relationships that surround us.

But labor unions could provide a valuable service to society if it weren't for government intervention. I talk that in today's episode. Don't miss this one!

The podcast is growing fast, but I can still use your help to get the word out. Please take a moment to share the show notes page from this episode on your social meda. 

Of course, nobody would be considering organizing a union if they weren't being ripped off minute by minute via our corrupt monetary system. The National Labor Relations Act itself was passed in response to the Depression caused by the first of the Federal Reserve's boom-bust cycles.

We're about to experience yet another bust after an artificial boom caused by unprecedented monetary inflation. That's why I published my book, It's the Fed, Stupid, in January.

Most people do not understand how central and dominating is the Fed's role over economic outcomes. If they did, "there would be a revolution before tomorrow morning" as Henry Ford once put it.

Please help me get the word out by sharing the link, itsthefedstupid.com.

It's the Fed, Stupid is also available in paperback here. It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can.

It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.

It also helps me keep the lights on here so I can continue to bring you great content.