A good Saturday morning viewing here. Note how market forces adjusted to Prohibition.
PROHIBITION is a three-part, five-and-a-half-hour documentary film series directed by Ken Burns and Lynn Novick that tells the story of the rise, rule, and fall of the Eighteenth Amendment to the U.S. Constitution and the entire era it encompassed.
http://www.youtube.com/watch?v=wef4YkP5EGE
Nice relevance to the markets. Burns documentaries are some of the best.
Burns is outstanding and this documentary lives up to his high standards. Bottom line: Once again the men that drafted our constitution are proven right…the best government has only limited power and should never be allowed to invade individual privacy and civil liberties. As Henry David Thoreau stated: government that governs least governs best. en.wikipedia.org/wiki/Henry_David_Thoreau
Thanks for posting this.
I find it fascinating how a country that sprung out of nowhere, full of drunkards became the most powerful nation in the world.