April 7, 2012
Truman's Presidential Overreach
Robert Higgs, The Freeman
In U.S. history, many of the most drastic incursions on private property rights have sprung from the conjunction of a threatened work stoppage, owing to a union-management dispute, and the government’s desire to expedite a war-production program. Such a conjunction underlay the government’s nationalization of the railroads, the telegraph lines, and the Smith & Wesson Company during World War I and the railroads, the coal mines, the midwest trucking operators, and many other companies during World War II. The conjunction occurred again during the Korean War, but on that occasion the government failed in its attempt to seize the steel industry.
During the Korean War, the government imposed controls of raw materials, production, shipping, credit,...
TAGGED: law, Korean War, Harry S. Truman