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Mises Economics Blog

Jacob Maged and the New Deal

November 4, 2009 8:23 AM by Jeffrey Tucker (Archive)

Thomas DiLorenzo retells the story made famous by John T. Flynn of the tailor named Jack Magid, arrested for pressing a pair of pants for 35 cents. The Tailors' Code fixed the price at 40 cents. He went to jail for 30 days. Amazing.

We received a note this morning about the spelling of his name, which the correspondent said is Jacob Maged. BK Marcus did some quick research to find that it can be either. It is a Polish name from the Hebrew which can be transliterated in several ways. The word MGD means storyteller or preacher and can be rendered Maged, Magid, or Maggid.

What was really great about the email we received was its inclusion of all of these press stories about the case.


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Comments (3)

  • Joshua

    I read the Flynn book earlier this year, and this particular story leapt from the page. This was so stupid and mean as to be unbelievable. Yet, there it is.

    The Roosvelt Myth is white hot even after all this time. A must read.

    Published: November 4, 2009 12:25 PM

  • Amerikiwee

    Reading the "Tailor Released" link, I found some of the judge's comments sadly amusing.
    e.g. "You must conduct your business in the right way, however, or your competitors will complain. You may not know it but you owe your trouble to complaints made by competitors who said they were losing business because of your action."

    Published: November 4, 2009 3:27 PM

  • Greg

    I was not aware of this Flynn book but I have been reading a different book of his: As We Go Marching. So depressing, I wish I could stop reading this stuff.

    Published: November 4, 2009 7:37 PM

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