Research

The health, robustness, and sustainability of the American economy is directly tied to the production of raw materials and the price at which those raw materials first enter into commercial channels. When raw materials enter trade channels at prices in balance with the prices of labor and capital, the economy operates on an earned-income basis with no buildup of public and private debt. Conversely, when raw materials enter trade channels at less-than-parity prices with labor and capital, the economy lacks sufficient earned dollars to operate on an debt-free basis, therefore, public and private debt accumulates.

There is a NATURAL ECONOMIC LAW that, if steadfastly applied, leads to:

1. widespread prosperity among the U.S. population;
2. broad based economic expansion, job growth, and monetary stability;
3. consumption of the nation's annual production of raw materials, manufactured goods, and services without debt accumulation, and
4. balanced international trade.

The source data for “Chart XXX” (below) is the only set of statistics that has been continuously maintained (as required by law) with comparatively little modification over the years since it was published by Carl H. Wilken in 1945. That “Chart” has been recreated by the National Organization for Raw Materials with spreadsheet tools and inserted in this edition in lieu of the original. Existence of this solitary string of “bread crumbs” allows extension of the original chart through 2020. It is shown here with that portion covering the original time span marked out (1910-1944).