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updated: 2019-06-11
| "According to [Gary M. Walton & Hugh Rockoff 2013 _History of the USA Economy_ pp233. 392], 'For most workers...the ante-bellum period [1787-1861] was one of rising wages and higher standars of material well-being.' The trend accelerated following the Civil War: Between 1860 and 1890, real [inflation-adjusted] wages doubled. This, even thought the population was exploding [and filling in the frontiers]. As a result, people could afford to work less. In 1870, for instance, the average [USA] worker worked 3,069 hours [per] year. But as his productivity increased, by 1913, he could enjoy a much-improved standard of living working only 2,632 hours. Or consider this: In 1900, it took 56 minutes to earn enough money to buy a half gallon of milk and over 107 hours to earn enough to buy 100KW-hours of electricity; by 1930, it took only 31 minutes [for the milk] and 11 hours [for the electricity] respectively." --- Yaron Brook & Don Watkins 2012 _Free Market Revolution: How Ayn Rand's Ideas Can End Big Government_ pg179 (citing W. Michael Cox & Richard Alm 1999 _Myths of Rich & Poor: Why We're Better Off than We Think_ pp55, 43) |
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2018 June, week 1 (1-2) (16KB)
2018 June, week 2 (3-9) (16KB)
2018 June, week 3 (10-16) (16KB)
2018 June, week 4 (17-23) (16KB)
2018 June, week 5 (24-30) (16KB)
| "True law is right reason in agreement with nature; it is of universal application, un-changing and ever-lasting; it summons to duty by its commands, and averts from wrong-doing by its prohibitions... It is a sin to try to alter this law, nor is it allowable to repeal any part of it, and it is impossible to abolish it entirely. We cannot be freed from its obligations by senate or people, and we need not look outside ourselves for an expounder or interpreter of it. And there will not be different laws at Rome and at Athens, or different laws now and in the future, but one eternal and un-changeable law will be valid for all nations and at all times, and there will be one master and ruler, that is God, over us all, for He is the author of this law, its promulgator and its enforcing judge. Whoever is dis-obedient is fleeing from himself and denying his human nature, and by reason of this very fact he will suffer the worst punishment." --- Marcus Tullius Cicero (quoted in Mark Reed Levin 2017 _ReDiscovering Americanism: And the Tyranny of Regressivism_ pg15; citing Shirley Robin Letwin & Noel B. Reynolds 2008 _On the History of the Idea of Law_ pg33; Marcus Tullius Cicero, T.E. Page & Clinton W. Keyes 1928 _De Republica_ vol3 pgxxii/pg211) |
