Discussion about this post

User's avatar
Gordon's avatar

As President Harry Truman noted, "There is nothing new in the world except the history you don't know." I have been blessed to read a lot of history, mostly in the form of biographies, but I am amazed still at how much I do not know. Bill clearly is also a student of history, and I enjoy his deft way of sharing what he has learned.

Part of what we need to learn from history is how good we have it today. A number of years ago I saw where some professors had convened a symposium on "The Causes of Poverty," and I shook my head in disbelief. Poverty has been the default condition of 99% of humanity for 99% of history. We have, in a few countries, for no more than a century, managed to create more widespread prosperity. But there is no guarantee that we will maintain it. It has NOT become the default condition.

If we want to maintain prosperity, we need to understand what is different now than was the case through nearly all of human history, and avoid actions that would return us to poverty.

Sadly, most people, at least in the Western world, don't have a clue that their prosperity is not a right. I am deeply concerned for the future.

Expand full comment
Don Harrell's avatar

Is the Fed sticking to rate cuts or rate hikes? Just askin' . . . in these informed times with all the scientific data to provide actual numbers on storms, intensity, and all the other data, one would think that the leader of the free world would deliver complete and accurate info. But, alas, not so. Dear leader jumps to the microphone to shout climate change or global warming or maybe even something that all knowing and all seeing, Al Gore, has spouted along his trail of picking pockets of ignorant followers. If folks would only look at what the fiends are doing, they would be after them with hatchets and pitchforks, to coin a phrase. Electric cars will cripple freedom and choice to the point that one touch of a button will stop or enable someone to keep you right in your little pen. Don't you see that freedom is not free!!! George Washington told it to the troops at Valley Forge. The enemy is after your money, your life's work, your children, and anything else you hold dear. This election will tell which way the wind will blow. Are you fer me or agin me? That is what Ole George would ask. Just sayin'

Don Harrell

Expand full comment
42 more comments...

No posts