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c1919 perfume ad
©Ad for “Griffonnage” Perfume by Jacques Griffe from a 1949 French magazine. Art by René Gruau.![Tue, 2025-03-25 09:35 - Ad sponsored by O’Keefe’s Brewing Company of Canada.
“From the rich, colorful Orient, to the busy ports of England, Canada’s ships sail the seas, laden with the products of Canadian soil and Canadian craftsmanship. The pride that Canadians take in their work is reflected in the excellence of the products she exports. Within the short span of the last 18 years, our external trade to 51 countries has increased by $1,500,000,000!
“Golden wheat for Europe’s starving millions . . . nickel and newsprint . . . lumber, furs and machinery . . . are among the ever-increasing total of Canada’s products that make her the third largest exporting nation.
“And the demand for Canadian products will be greater in future. Canada can meet those demands because there’s room to grow in Canada Unlimited.” [From the ad copy]
Canada's external trade has grown significantly since the days of 'Canada Unlimited.' As of 2022, Canada's total merchandise exports amounted to approximately $779 billion, while imports were around $759 billion, resulting in a trade surplus of $19.7 billion. The United States remains Canada's largest trading partner, accounting for the majority of exports and imports.
Canada's trade continues to thrive, with energy products playing a significant role, contributing to a record 27.2% of total exports in 2022. The resilience of Canadian trade is evident, even in challenging global environments.
[Source: Bing Copilot]](https://live.staticflickr.com/65535/54423037505_393496b7ab_q.jpg "Tue, 2025-03-25 09:35 - Ad sponsored by O’Keefe’s Brewing Company of Canada.
“From the rich, colorful Orient, to the busy ports of England, Canada’s ships sail the seas, laden with the products of Canadian soil and Canadian craftsmanship. The pride that Canadians take in their work is reflected in the excellence of the products she exports. Within the short span of the last 18 years, our external trade to 51 countries has increased by $1,500,000,000!
“Golden wheat for Europe’s starving millions . . . nickel and newsprint . . . lumber, furs and machinery . . . are among the ever-increasing total of Canada’s products that make her the third largest exporting nation.
“And the demand for Canadian products will be greater in future. Canada can meet those demands because there’s room to grow in Canada Unlimited.” [From the ad copy]
Canada's external trade has grown significantly since the days of 'Canada Unlimited.' As of 2022, Canada's total merchandise exports amounted to approximately $779 billion, while imports were around $759 billion, resulting in a trade surplus of $19.7 billion. The United States remains Canada's largest trading partner, accounting for the majority of exports and imports.
Canada's trade continues to thrive, with energy products playing a significant role, contributing to a record 27.2% of total exports in 2022. The resilience of Canadian trade is evident, even in challenging global environments.
[Source: Bing Copilot]")
©“There’s room to grow in Canada Unlimited.” Ad in Super Science Stories, January, 1949. Art by Rex Woods.![Sun, 2025-03-30 08:23 - The 1946 Packard was a significant model, marking the company's return to civilian car production after World War II. It was part of the Clipper series, which featured a sleek, aerodynamic design that stood out from the boxier pre-war styles. The 1946 Packard Clipper was known for its luxurious interiors, high-quality materials, and innovative features like an optional overdrive transmission for better fuel efficiency. It was a symbol of post-war optimism and even served as the pace car for the 1947 Indianapolis 500.
As for why Packard eventually went out of business, it was a combination of factors. The company struggled with poor management decisions, such as moving production to a smaller, less efficient plant, which led to quality issues. Additionally, Packard's attempt to compete with mass-market brands like Ford and Chevrolet diluted its luxury image. The merger with Studebaker in the 1950s also proved disastrous, as Studebaker's financial troubles drained Packard's resources. Ultimately, these challenges, combined with increasing competition from the 'Big Three' automakers (GM, Ford, and Chrysler), led to Packard's demise in the late 1950s.
[Sources: Metrommp.com, ConceptCarz.com, Hagerty.com, Hemmings.com, and HotCars.com]](https://live.staticflickr.com/65535/54422407296_4ec03ff54d_q.jpg "Sun, 2025-03-30 08:23 - The 1946 Packard was a significant model, marking the company's return to civilian car production after World War II. It was part of the Clipper series, which featured a sleek, aerodynamic design that stood out from the boxier pre-war styles. The 1946 Packard Clipper was known for its luxurious interiors, high-quality materials, and innovative features like an optional overdrive transmission for better fuel efficiency. It was a symbol of post-war optimism and even served as the pace car for the 1947 Indianapolis 500.
As for why Packard eventually went out of business, it was a combination of factors. The company struggled with poor management decisions, such as moving production to a smaller, less efficient plant, which led to quality issues. Additionally, Packard's attempt to compete with mass-market brands like Ford and Chevrolet diluted its luxury image. The merger with Studebaker in the 1950s also proved disastrous, as Studebaker's financial troubles drained Packard's resources. Ultimately, these challenges, combined with increasing competition from the 'Big Three' automakers (GM, Ford, and Chrysler), led to Packard's demise in the late 1950s.
[Sources: Metrommp.com, ConceptCarz.com, Hagerty.com, Hemmings.com, and HotCars.com]")
©“America’s No. 1 Glamour Car” Ad for the 1946 Packard in “The Saturday Evening Post,” November 17, 1945.
paris magazine - match - maggio 1971 - advertising
paris magazine - match - maggio 1971 - advertisingYou are here
Crisis is a Cost of Growth
Megan McArdle summarizes my resistance to one tenet of the Austrian School’s economic philosophy. The Austrians prefer “sound money”, with currency tied to gold and no fractional-reserve banking.
The Austrians seem correct that banks lending out 90¢ of every dollar on deposit, then lending 90% on that 90¢, ad infinitum will be inflationary. Essentially, money is being created from thin air. And inflation means that real assets lose value over time.
So what are the reasons to favor fractional reserve banking? Threefold:
1) Stopping it would require a huge regulator to keep people from doing what they naturally want to do, which is lend short and borrow long.
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2) Fractional reserve banking vastly increases the supply of savings available for investment.
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The less affluent have to have a reasonably large cushion they can get their hands on in case of emergency, such as car repairs or a really good deal on a jet ski. Without fractional reserve banking, that would be dead money, sitting in a vault somewhere. Indeed, they'd probably end up paying someone to guard it for them.
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3) The financial market can still have big crises.
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Borrowing and lending money are risky endeavors. They are unfortunately necessary in a society where the people with the good ideas aren't always the people with the money.
If one could enact an Austrian utopia, perhaps economic troubles would be few and small. If there had been no Federal Reserve, we wouldn’t be in the current banking crisis. But we would have experienced some other crisis, at some time. There’s no perfect system which relies upon imperfect human agents.
But the periodic stability of Fed-backed fractional-reserve allows us to become richer faster. The richer we are, the better we can endure those inevitable crises.