No More Twinkies for You! Hostess Going Out of Business

[oyarde]

Max unemployment for all of them , runs , 438 million.

[oyarde]

The brands will be offered for auction , I do not see why anyone would buy them though.....

[Steven Douglas]

Collective bargaining is a free market concept so long as participation is not compulsory, and so long as no law or union contracts can be created that abrogate rights of non-participating, non-collectivized (competing) individuals. In that sense, most unions, as constituted, are not free market at all. The notion that you cannot individually bargain with a firm as a result of a law, and not a voluntary contract between parties, means that for as much I love Hostess products, I would rather see it, and everyone who dug their artificial protectionist heals in, as casualties. That void will be filled soon enough.

Here is the thing that constantly leaves me shaking my head in both wonder and disgust. Under a fiat currency debauching regime, labor is among the very last to adjust to currency devaluations, as they are perpetually forced to bargain for higher nominal wages to keep pace with monetary inflation, and only after price inflation has fully permeated the economy, and their wealth and purchasing power has been siphoned away.

If neither Keynes nor any other currency debauching economist, banker or politician had ever existed, a sound currency in a growing economy would naturally favor labor. As prices fall, wages would be the very last to eventually fall. It would be FIRMS that are perpetually forced to bargain for lower nominal wages, as they ask employees to take pay cuts in nominal value, not exchange value. That should be a union-members wet dream, as productive labor would find itself perpetually in the cat-bird's seat. And yet, ironically, union members I have spoken with (out of those who at least have a basic understanding of how a fiat currency works--against them) still tend to be opposed to a sound currency. When it boils right down to it, they don't mind at all that other wage earners are being perpetually ripped off, so long as a union is in place to make sure that they get theirs. Thus, they are very much anti-labor in the aggregate.

[dannno]

What do you eat when you get the munchies? Prunes?

Bacon, eggs, steak, burgers (no bun), ham, lamb, chicken, seafood, vegetables fruit and limited grains. As much pasture fed as possible.

[angelatc]

Bacon, eggs, steak, burgers, ham, lamb, chicken, seafood, vegetables fruit and limited grains.

I was totally expecting liver, fava beans, and chianti.

[dannno]

I was totally expecting liver, fava beans, and chianti.

Liver is rough, but I do get a "boost" blend of pasture raised beef with 10% liver mixed in that I can make burgers, meatballs, meatloaf, etc.

[WilliamShrugged]

Originally Posted by dannno
At 6'1" and 144 lbs. I guess it's no wonder they went out of business.

What do you eat when you get the munchies? Prunes?

Celery

[dannno]

I'm about to eat a grilled pastrami reuben 'sub in a tub' from Jersey Mike's

[specsaregood]

Yeah right. Stoners like you are what kept them in business this long.

ya know, I never got muchies from that stuff. I was more inclined to go for a run, a swim, a hike, whatever, not eat.

alcohol on the otherhand makes me hungry.

[Tpoints]

at least it wasn't the government that force them out of business