75-02-B5 - Revision history

Reagan admin: Text replacement - "Posted by Me" to "Listen"

2026-06-07T23:27:15Z

Text replacement - "Posted by Me" to "Listen"

← Older revision		Revision as of 23:27, 7 June 2026
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	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>
	<TD>Youtube?</TD><TD>[[yt:wmwrC0pfm_4\|~~Posted by Me~~]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>		<TD>Youtube?</TD><TD>[[yt:wmwrC0pfm_4\|Listen]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>
	</TABLE>		</TABLE>
	</TD></TR>		</TD></TR>

Reagan admin at 02:53, 19 February 2026

2026-02-19T02:53:58Z

← Older revision		Revision as of 02:53, 19 February 2026
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	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>
	<TD>Youtube?</TD><TD>[[wmwrC0pfm_4\|Posted by Me]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>		<TD>Youtube?</TD><TD>[[yt:wmwrC0pfm_4\|Posted by Me]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>
	</TABLE>		</TABLE>
	</TD></TR>		</TD></TR>
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	* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]		* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]
	* [https://mises.org/library/incredible-bread-machine The book Reagan would have read]		* [https://mises.org/library/incredible-bread-machine The book Reagan would have read]
	* [~~https~~:~~//www.amazon.com/dp/~~0930073312 1999 update by the original author]		* [[amazon:0930073312\|1999 update by the original author]]
	</TD></TR>		</TD></TR>
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Reagan admin: Text replacement - "https://www.youtube.com/watch?v=" to "["

2026-02-14T14:22:32Z

Text replacement - "https://www.youtube.com/watch?v=" to "["

← Older revision		Revision as of 14:22, 14 February 2026
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	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>
	<TD>Youtube?</TD><TD>[~~https://www.youtube.com/watch?v=~~wmwrC0pfm_4\|Posted by Me]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>		<TD>Youtube?</TD><TD>[[wmwrC0pfm_4\|Posted by Me]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>
	</TABLE>		</TABLE>
	</TD></TR>		</TD></TR>

Reagan admin: Text replacement - " Posted by Me]" to "|Posted by Me]]"

2026-02-14T14:16:50Z

Text replacement - " Posted by Me]" to "|Posted by Me]]"

← Older revision		Revision as of 14:16, 14 February 2026
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	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>
	<TD>Youtube?</TD><TD>[https://www.youtube.com/watch?v=wmwrC0pfm_4 Posted by Me] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>		<TD>Youtube?</TD><TD>[https://www.youtube.com/watch?v=wmwrC0pfm_4\|Posted by Me]] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>
	</TABLE>		</TABLE>
	</TD></TR>		</TD></TR>

Reagan admin at 17:23, 1 April 2022

2022-04-01T17:23:31Z

← Older revision		Revision as of 17:23, 1 April 2022
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	There's more truth than fiction in the story of Tom Smith's Incredible Bread Machine. I'll be right back, and I'll be reading poetry.		There's more truth than fiction in the story of Tom Smith's Incredible Bread Machine. I'll be right back, and I'll be reading poetry.

	Recently, I came across a slender volume that contains more good sense than nearly all the economic treatises of the last four decades. It's called the incredible bread machine, authored by a group of young people at the ~~campus studies institute~~ in San Diego. They have a sense of humor. They include this poem in their book.		Recently, I came across a slender volume that contains more good sense than nearly all the economic treatises of the last four decades. It's called the incredible bread machine, authored by a group of young people at the Campus Studies Institute in San Diego. They have a sense of humor. They include this poem in their book.


			<BLOCKQUOTE>
	This is a legend of success and plunder<BR>		This is a legend of success and plunder<BR>
	And a man, Tom Smith, who squelched world hunger.<BR>		And a man, Tom Smith, who squelched world hunger.<BR>
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	The selling price is half a cent.<BR>		The selling price is half a cent.<BR>
	(Taxes pay the rest!)<BR>		(Taxes pay the rest!)<BR>
			</BLOCKQUOTE>

	This is Ronald Reagan.		This is Ronald Reagan.

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	* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]		* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]
	* [https://mises.org/library/incredible-bread-machine The book Reagan would have read]		* [https://mises.org/library/incredible-bread-machine The book Reagan would have read]
			* [https://www.amazon.com/dp/0930073312 1999 update by the original author]
	</TD></TR>		</TD></TR>
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Reagan admin at 17:21, 1 April 2022

2022-04-01T17:21:20Z

← Older revision		Revision as of 17:21, 1 April 2022
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	* Repeated 2 additional times (75-20, 77-23)		* Repeated 2 additional times (75-20, 77-23)
	* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]		* Used in the [[CitizenReaganPod\|Citizen Reagan Podcast]]
			* [https://mises.org/library/incredible-bread-machine The book Reagan would have read]
	</TD></TR>		</TD></TR>
	</TABLE>		</TABLE>

Reagan admin at 01:09, 14 March 2022

2022-03-14T01:09:27Z

← Older revision		Revision as of 01:09, 14 March 2022
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	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>
	<TD>Youtube?</TD><TD>No</TD></TR>		<TD>Youtube?</TD><TD>[https://www.youtube.com/watch?v=wmwrC0pfm_4 Posted by Me] (with [[75-05-A5\|The Superintendent's Dilemma]])</TD></TR>
	</TABLE>		</TABLE>
	</TD></TR>		</TD></TR>

Reagan admin at 01:07, 14 March 2022

2022-03-14T01:07:19Z

← Older revision		Revision as of 01:07, 14 March 2022
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	<TABLE BORDER="0" WIDTH="80%">		<TABLE BORDER="0" WIDTH="80%">
	<TR><TD WIDTH="150">Batch Number</TD><TD WIDTH="150">{{PAGENAME}}</TD></TR>		<TR><TD WIDTH="150">Batch Number</TD><TD WIDTH="150">{{PAGENAME}}</TD></TR>
	<TD>Production Date</TD><TD>XX/YY/[[Radio1975\|1975]]</TD></TR>		<TD>Production Date</TD><TD>02/01/[[Radio1975\|1975]]</TD></TR>
	<TD>Book/Page</TD><TD>N/A</TD></TR>		<TD>Book/Page</TD><TD>N/A</TD></TR>
	<TD>Audio</TD><TD>Yes</TD></TR>		<TD>Audio</TD><TD>Yes</TD></TR>

Reagan admin at 14:45, 3 March 2022

2022-03-03T14:45:59Z

Show changes

Reagan admin: Created page with "Category:Radio Episodes - Main Page \ Reagan Radio Commentaries \ 1975
<< Previous Broadcast
2022-03-03T14:43:31Z

Created page with "Category:Radio Episodes - Main Page \ Reagan Radio Commentaries \ 1975 <TABLE WIDTH="80%"><TR><TD><< Previous Broadcast</TD><TD ALIGN="..."

New page
[[Category:Radio Episodes]]
- [[Main Page]] \ [[Reagan Radio Commentaries]] \ [[Radio1975|1975]]

<TABLE WIDTH="80%"><TR><TD>[[75-02-B4|<< Previous Broadcast]]</TD><TD ALIGN="RIGHT">[[75-02-B6|Next Broadcast >>]]</TD></TR></TABLE>

= The Incredible Bread Machine =

<TABLE BORDER="0"><TR><TD WIDTH="60%" ROWSPAN="2">
=== Transcript ===
There's more truth than fiction in the story of Tom Smith's Incredible Bread Machine. I'll be right back, and I'll be reading poetry.

Recently, I came across a slender volume that contains more good sense than nearly all the economic treatises of the last four decades. It's called the incredible bread machine, authored by a group of young people at the campus studies institute in San Diego. They have a sense of humor. They include this poem in their book.

This is a legend of success and plunder
And a man, Tom Smith, who squelched world hunger.
Now, Smith, an inventor, had specialized
In toys. So, people were surprised
When they found that he instead
Of making toys, was BAKING BREAD!

The way to make bread he'd conceived
Cost less than people could believe.
And not just make it! This device
Could, in addition, wrap and slice!
The price per loaf, one loaf or many:
The miniscule sum of under a penny.

Can you imagine what this meant?
Can you comprehend the consequent?
The first time yet the world well fed!
And all because of Tom Smith's bread.

A citation from the President
For Smith's amazing bread.
This and other honors too
Were heaped upon his head.

But isn't it a wondrous thing
How quickly fame is flown?
Smith, the hero of today—
Tomorrow, scarcely known.

Yes, the fickle years passed by;
Smith was a millionaire,
But Smith himself was now forgot—
Though bread was everywhere.

People, asked from where it came,
Would very seldom know.
They would simply eat and ask,
"Was not it always so?"

However, Smith cared not a bit,
For millions ate his bread,
And "Everything is fine," thought he,
"I am rich and they are fed!"

Everything was fine, he thought?
He reckoned not with fate.
Note the sequence of events
Starting on the date
On which the business tax went up.
Then, to a slight extent,
The price on every loaf rose too:
Up to one full cent!

"What's going on?" the public cried,
"He's guilty of pure plunder.
He has no right to get so rich
On other people's hunger!"

(A prize cartoon depicted Smith
With fat and drooping jowls
Snatching bread from hungry babes
Indifferent to their howls!)

Well, since the Public does come first,
It could not be denied
That in matters such as this,
The Public must decide.
So, antitrust now took a hand.
Of course, it was appalled
At what it found was going on.
The "bread trust," it was called.

Now this was getting serious.
So Smith felt that he must
Have a friendly interview
With the men in antitrust.
So, hat in hand, he went to them.
They'd surely been misled;
No rule of law had he defied.
But then their lawyer said:

"The rule of law, in complex times,
Has proved itself deficient.
We much prefer the rule of men!
It's vastly more efficient.
Now, let me state the present rules,"
The lawyer then went on,
"These very simple guidelines
You can rely upon:
You're gouging on your prices if
You charge more than the rest.
But it's unfair competition
If you think you can charge less.

"A second point that we would make
To help avoid confusion:
Don't try to charge the same amount:
That would be collusion!
You must compete. But not too much,
For if you do, you see,
Then the market would be yours—
And that's monopoly!"

Price too high? Or price too low?
Now, which charge did they make?
Well, they weren't loath to charging both
With Public Good at stake!

In fact, they went one better—
They charged "monopoly!"
No muss, no fuss, oh woe is us,
Egad, they charged all three!

"Five years in jail," the judge then said.
“You’re lucky it’s not worse.
Robber Barons must be taught
Society Comes First!"

Now, bread is baked by government.
And as might be expected,
Everything is well controlled;
The public well protected.

True, loaves cost a dollar each.
But our leaders do their best.
The selling price is half a cent.
(Taxes pay the rest!)

This is Ronald Reagan.

Thanks for listening.

</TD>
<TD WIDTH="10%" ROWSPAN="2"> </TD>
<TD VALIGN="TOP" HEIGHT="250">
=== Details ===
<TABLE BORDER="0" WIDTH="80%">
<TR><TD WIDTH="150">Batch Number</TD><TD WIDTH="150">{{PAGENAME}}</TD></TR>
<TD>Production Date</TD><TD>XX/YY/[[Radio1975|1975]]</TD></TR>
<TD>Book/Page</TD><TD>N/A</TD></TR>
<TD>Audio</TD><TD>Yes</TD></TR>
<TD>Youtube?</TD><TD>No</TD></TR>
</TABLE>
</TD></TR>
<TR><TD VALIGN="TOP">
===Added Notes===
* Repeated 2 additional times (75-20, 77-23)
* Used in the [[CitizenReaganPod|Citizen Reagan Podcast]]
</TD></TR>
</TABLE>