wages

[Bill Campbell]

On Thu, Oct 27, 2005, Fairlight wrote:
>Four score and seven years--eh, screw that!
>At about Thu, Oct 27, 2005 at 02:00:28PM -0700,
>Steven Waters blabbed on about:
>> I am working in the San Fernando Valley. 
>> Which is So. Cal / LA area. I make around 80K/yr
>> and I feel like I am working paycheck to paycheck.
>
>Like I said, California's economy is almost an entity unto itself.  My
>modest cost of living is like $2500/mo here in Kentucky, and that's
>including a -stiff- amount for medications and extra things that most
>people don't have to deal with--things due to my anxiety disorders and
>mostly my OCD.  OCD can be Very Expensive.  And still we can make it on
>$35k/yr here if we have to.
>
>Man, have times changed.  I remember my father making $36-46k/yr in
>Milwaukee most of my childhood, and that was decent money back then.
>Nowadays it's just sad.  

Few people understand inflation, which is really a hidden tax as
governments around the world print fiat paper currency to pay their bills
increasing the supply of the commodity, currency, thus decreasing it's
value relative to other commodities.

One of the first books on this subject is ``The Theory of Money
and Credit'' by Nobel winning Austrian economist Ludwig von
Mises.  I haven't read that one -- yet, but I have read the
following by Murray N. Rothbard, student and associate of Mises,
and a leading economist of the Austrian school.  I like Rothbard
because, unlike many economists, he writes largely of the people
involved, not a bunch of arcane formulas and theories.

	History of Money and Banking in the U.S.
	America's Great Depression
	Panic of 1819
	Mystery of Banking

Another very good book on the Federal Reserve is Griffin's ``The
Creature from Jekyll Island: A Second look at the Federal
Reserve.  This goes into detail about the reasons and people
behind the founding of the Federal Reserve.  This book also has
extensive references to two books by Carroll Quigley, an
historian from Georgetown University and mentor of Bill Clinton.

	Tragedy and Hope: a History of the World in Our Time
	The Anglo-American Establishment.

Bill
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The essence of all slavery consists in taking the produce of another's
labor by force. It is immaterial whether this force be founded on ownership
of the slave or ownership of the money that he must get to live on.
    Leo Tolstoy 1891