Forum Post: It's all been done before. Read to learn about history of stagnant wages, high inflation, and overpaid bankers
Posted 12 years ago on Oct. 27, 2011, 4:16 p.m. EST by onepeople
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"In its earliest stage, the new trend was nearly imperceptible... Manufactured goods were up a little, but not as much as food and fuel. The money-changers were getting more for their services, and the laborers who anxiously sought employment would have noticed that wages were beginning to lag behind the rising cost of living.
All of these changes were still of minor magnitude in the year 1224. The Price-Revolution had barely begun. But once underway, it would continue for more then a century."Fischer
It's all been done before. Read about Price Revolutions.
"The result was a medieval baby boom that began in the twelfth century and continued for many years...During the thirteenth Century, large parts of rural Europe became more densely settled than they would ever be again until the twentieth century... Not all prices increased at the same rate. The most rapid rises appeared in the price of energy, food, shelter and raw materials. Specially striking was the price of energy... The cause was not hard to find. During the twelfth and thirteenth century, Europe rapidly cut down it's forests, consumed it's timber, and burned it's brushwood for fuel... London suffered severely from smoke pollution in the thirteenth century."
think about it
Your obviously a smart guy Here are some documentaries on finance, and politics, I think you would both enjoy, and find interesting.
Finance: Born Rich, Breaking the Bank, College Inc, I want your Money, Inside The meltdown, IOUSA, Maxed Out, Mind Over Money, Money Masters, Speaking Freely, Ten Trillion and Counting, The American Ruling Class, The Best Government Money Can Buy, The Big One, The Card Game, The Corporation, The Madoff Affair, The Warning, Trading on Thin Air,
Politics: After Innocence, An Inconvenient tax, An Unreasonable Man, Burzynski, Business of Being Born, Can Mr. Smith Get to Washington anymore, Casino Jack, Electile Dysfunction, Flow, Freedom Fries, Homo Toxicus, Ken Burns America the Congress, The American drug War, XXI Century, I would be interested in your thoughts on the ones you have seen.
Actually I haven't studied any of those yet, I studied physics in College and am only just now getting around to Finance. More recently I've read: The Big Short, and After the Crash for a current perspective. And The Wealth of Nations, and The Great Wave for a historical perspective.
As for Politics: I've read mostly on the historical perspectives as in: The Prince, The republic, Augustus: Romes First Emperor, two Treaties of Government, The Art of War (There are parallels in it), The Wealth of Nation(which has as much to do with governing as it does with finance), and Common Sense. I guess I have a lot of reading to do :-)
might I also suggest the arguments of Cicero and the fall of rome These show how Romans first lost their freedoms, then how that great empire fell, the present parallels are erie
Thanks, I meant to read some book about Cicero after I finished Augustus and Caesar as a counterbalance to the two Triumvirates.