[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-322943-105":59,"doc-detail-322943-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","the-bubble-has-burst-what-next-what-next","The \"Bubble\"Has Burst - What Next - What Next","","A 1921 reprint in the Textile World discusses how taxation policies affect businesses and the broader public during deflation. Charles E. Lord argues that professional economists and government advisors bear major responsibility for the resulting economic “mess,” since taxes ultimately shift to consumers while revenue disappears as deflation proceeds. He critiques attempts at social equalization that ignore fiscal science and natural economic forces, and calls for an adjustment that spreads the tax burden with minimal strain.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/the-bubble-has-burst-what-next-what-next/322943/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/the-bubble-has-burst-what-next-what-next/322943.png","ImageObject",300,407,{"name":92,"@type":93},"Seraphina","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-02","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What problem does Charles E. Lord describe regarding taxation during deflation?","Question",{"text":112,"@type":113},"He describes a situation where income from successful ventures is still penalized by taxes, creating back debts and unprofitable years. He also argues that as deflation occurs, government revenue tends to disappear.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Why does Lord blame professional economists in the article?",{"text":117,"@type":113},"He claims that economists advising the government cannot be fully excused because taxes ultimately rest against the consumer. He also criticizes contradictions in their theories and their advocacy of form-changing reforms based on flawed reasoning.",{"name":119,"@type":110,"acceptedAnswer":120},"What solution does Lord suggest for changing the taxation method?",{"text":121,"@type":113},"He argues that shifting or lessening a single party’s burden is not enough. Instead, the only solution is an adjustment that spreads the load so it can be borne with the least strain and minimal interference with natural forces.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},322943,1791237051,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":52,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},962075114101,"https://ap-avatar.wpscdn.com/avatar/e000253a75eb197efd?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780044092746381165","97-84042-12Lord,Charles E.  \nThe \"bubble\"has burst-what next  \n[n.p.]  \n[1921]  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXiSTING BIBLIOGRAPHIC RECORD  \n## RESTRICTIONS ON USE:\n\n Roproductions may not be made without permision from Columbia University Lbraries.              \nTECHNICAL MICROFORM DATA  \n5mmREDUCTION RATIO::_9:/   \nIMAGE PLACEMENT:IA  \nIB  \nDATE FILMED:                  INITIALS:         B  \n        MSH 22263                \n## TRACKING\\#:\n\nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \nx  \nThe“Bubble”HasBurst—What Next?  \n38Lx3  \nBy  \nCHARLES E.LORD  \nAuthor'of\"Taxing a Soap Bubble”  \nReprint from TEXTILE WoRLD,February 5,1921  \n## The “Bubble”Has Burst—What Next?\n\nBy Charles E.Lord,Author of“Taxing a Soap Bubble”  \nTHE business man whose income isderived chiefly from the ventureof his capital in trade and whofinds himself taxed in a mannerthat takes the cream of his profit(thatwhich should consitute his reserve)ina year when his venture is successfuland leaves him with a back debt oftaxes still running into an unprofitableyear,might be justified in seeking anyavenue of escape from a situation whichpenalizes the reward of effort and riskfar in excess of the burden laid uponincome derived from secure permanentinvestment.  \nthe same time aware that as deflation'is accomplished the Government revenuetends to disappear.  \nProfessional Economists Largely to BlameIn creating the existing mess,profes-sional economists as advisors of theGovernment cannot be freed of a largemeasure of blame.They must be awarethat taxes in almost any form tend ulti-mately to rest against the consumer andto be reflected in the cost of commodi-ties and services,and they have had astriking illustration of this in the in-stance of the present taxes,yet some ofthem seemingly ignore fundamentalteachings of their own science,blindtheir eyes to the current experiences oftheir own times,and contradict them-selves in seeking to establish an illusivetheory of taxation of which they havebecome enamored—the theory that it ispossible to tax a small section of thepeople in such a way that the body ofthe people will not feel it—confusing thepractical question of securing revenueand its bearing upon the activity andprosperity of the nation with elusive at-tempts at impossible social equaliza-tions.Not deterred by past failures,they now gravely proceed,while con-demning their former workto advocatechanges more of form than of sub-stance,largely predicated upon the samefalse reasoning,changes which perpet-uate many of the same unfortunateevils.It is this character of advice em-bodied in active legislation which hasconstituted one of the liabilities of thepresent administration.Is the incomingadministration going to assume this lia-bility?  \nAs a man of affairs,however,he re-alizes that to merely shift or lessen hisown burden will prove no solution andthat the only solution rests in an adjust-ment which will spread the load in aform that it may be borne with the leaststrain at any point and the least inter-ference with the play of natural forces.  \nWhat beneits the whole people,willbenefit him,the same as it will thefarmer,the laborer or the professionalman.Therefore,in'seeking to changethe present method of taxation,we wishto do so only along lines which promiseto be of general benefit.  \nThose with a sense of humor can ap-preciate the farce which is being en-acted under our eyes at the present time.Our Government,while avowedly set-ting out to tax the rich man,permitshim a convenient avenue of escape inthe form of tax exempt securities,andthen proceeds to levy taxes in a cumula-tive load against the profits of activebusiness,and does it in such a way thatthe expected revenue can only be se-cured if profits are expanded,prices in-flated and a high cost of living imposedupon the people.When the peoplegroan,it seeks for deflation,though at  \nThough one economist recently statedthat“to t","cbCaivgaDD3tNpVX","https://ap.wps.com/l/cbCaivgaDD3tNpVX","pdf",590454,"English","# The “Bubble”Has Burst—What Next?\n## Professional Economists Largely to Blame\n## A Real Basis of Agreement","[{\"question\":\"What problem does Charles E. Lord describe regarding taxation during deflation?\",\"answer\":\"He describes a situation where income from successful ventures is still penalized by taxes, creating back debts and unprofitable years. He also argues that as deflation occurs, government revenue tends to disappear.\"},{\"question\":\"Why does Lord blame professional economists in the article?\",\"answer\":\"He claims that economists advising the government cannot be fully excused because taxes ultimately rest against the consumer. He also criticizes contradictions in their theories and their advocacy of form-changing reforms based on flawed reasoning.\"},{\"question\":\"What solution does Lord suggest for changing the taxation method?\",\"answer\":\"He argues that shifting or lessening a single party’s burden is not enough. Instead, the only solution is an adjustment that spreads the load so it can be borne with the least strain and minimal interference with natural forces.\"}]","The \"Bubble\"Has Burst - What Next - What Next | PDF",1789963948,25]