Remember, and never forget, they (the public health tyrants) didn’t want to control the virus, they wanted to control you!--Ranelli
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The National Archives and Records Administration has admitted that it is in possession of nearly 5,400 emails, electronic records, and documents that potentially show President Biden using a pseudonym during his vice presidency, it was revealed on Monday.
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Pope Francis has come under fire after he encouraged Russian youths not to give up their “legacy” as heirs of a “great, enlightened Russian empire.”
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Labor
A thought on labor for Labor Day.
"Growing cotton, further, unlike sugar or rice, never required slavery. By 1870, freedmen and whites produced as much cotton as the South produced in the slave time of 1860. Cotton was not a slave crop in India or in southwest China, where it was grown in bulk anciently. And many whites in the South grew it, too, before the war and after. That slaves produced cotton does not imply that they were essential or causal in the production.
Economists have been thinking about such issues for half a century. You wouldn’t know it from the King Cottoners. They assert, for example, that a slave was “cheap labor.” Mistaken again. After all, slaves ate, and they didn’t produce until they grew up. Stanley Engerman and the late Nobel Prize winner Robert Fogel confirmed in 1974 what economic common sense would suggest: that productivity was incorporated into the market price of a slave. It’s how any capital market works. If you bought a slave, you faced the cost of alternative uses of the capital. No supernormal profits accrued from the purchase. Slave labor was not a free lunch. The wealth was not piled up.
….
We need to stop using the history of slavery to bolster anti-capitalist ideology. Ingenuity, not exploitation by slavery or imperialism or finance, is the story of the modern world."--McCloskey
***
The National Archives and Records Administration has admitted that it is in possession of nearly 5,400 emails, electronic records, and documents that potentially show President Biden using a pseudonym during his vice presidency, it was revealed on Monday.
***
Pope Francis has come under fire after he encouraged Russian youths not to give up their “legacy” as heirs of a “great, enlightened Russian empire.”
***
Labor
A thought on labor for Labor Day.
"Growing cotton, further, unlike sugar or rice, never required slavery. By 1870, freedmen and whites produced as much cotton as the South produced in the slave time of 1860. Cotton was not a slave crop in India or in southwest China, where it was grown in bulk anciently. And many whites in the South grew it, too, before the war and after. That slaves produced cotton does not imply that they were essential or causal in the production.
Economists have been thinking about such issues for half a century. You wouldn’t know it from the King Cottoners. They assert, for example, that a slave was “cheap labor.” Mistaken again. After all, slaves ate, and they didn’t produce until they grew up. Stanley Engerman and the late Nobel Prize winner Robert Fogel confirmed in 1974 what economic common sense would suggest: that productivity was incorporated into the market price of a slave. It’s how any capital market works. If you bought a slave, you faced the cost of alternative uses of the capital. No supernormal profits accrued from the purchase. Slave labor was not a free lunch. The wealth was not piled up.
….
We need to stop using the history of slavery to bolster anti-capitalist ideology. Ingenuity, not exploitation by slavery or imperialism or finance, is the story of the modern world."--McCloskey
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Andrew Carnegie JP Morgan
C Vanderbilt, Frick, any Rockefeller
All Your Friends
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