1. “We cannot distribute more wealth than is created. We cannot in the long run pay labor as a whole more than it produces.” 2. “All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt.” 3. “The ideas which
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Last year, prompted by Louis C.K.’s bit on the Conan O’Brien show, Morgan Housel at the Motley Fool put together a list titled “50 Reasons We’re Living Through the Greatest Period in World History.” Below are his first 10 reasons: 1. U.S. life expectancy at birth was 39 years in 1800, 49 years in 1900, 68 years
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Jacques Ellul’s Propaganda: The Formation of Men’s Attitudes (1965) has been called “a far more frightening work than any of the nightmare novels of George Orwell.” In it, the French philosopher and sociologist dispels some of the popular notions about propaganda and exposes how it really operates in the modern world. In the first chapter
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When this book was published earlier this year it caused something of a stir. I suspect this was because of the unusual combination it presented: a “famed columnist for The New York Times (as the author is described on the book’s jacket) had written a book about old-fashioned morality. It is even a paradox: is
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227 years ago, the presidential race consisted of names such as George Washington, John Adams, and John Hancock. In 2015, the frontrunners are Donald Trump and now, “Deez Nuts.” The internet is abuzz with the story of presidential candidate “Deez Nuts,” who it turns out is a 15-year-old boy named Brady Olson who lives on
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For most of the history of the West, justice has been defined as, “To give each his due.” Unfortunately, we have lost that understanding along the way. In its simplest form, to act with justice is to judge each person as an individual. Such thinking goes very much against modern thinking. We have been taught
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