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Adam Kokesh referred me to this quotation from John Lennon

Mises Institute published “The Real Trickle-Down Effect: Making “Luxuries” Affordable to Regular People” by Matthew Lipton on 6/24/2021

Full article – https://mises.org/wire/real-trickle-down-effect-making-luxuries-affordable-regular-people

Excerpts:
“In general, capitalism reveals a trickle-down effect by making luxury goods affordable to the masses. Through intense competition, capitalism drives down costs, thereby allowing ordinary people to access luxuries. For instance, in 2011, 35 percent of Americans owned a smartphone, and today the figure is 85 percent.”

“… capitalists lower costs by innovating, and innovations unleash a ripple effect throughout the economy. A case in point is the creation of the steam engine. Not only did the steam engine make it possible for people to travel within countries, but decreasing transportation costs resulted in the advent of international tourism. According to Marian Tupy: “Early steamships cut the sailing time from London to New York from about six weeks to 15 days…. But today an aeroplane can fly between the two cities in 8 hours.”

Yet it should be noted that capitalism also fuels entrepreneurship by ensuring the widespread availability of luxury goods. For example, many use their phones to launch businesses with an international scope. Moreover, the cellphone has promoted financial inclusion by increasing the involvement of poor people in the financial sector.”

I first met Steven Horwitz when he was a student at U of M.
It was interesting following his career that has now been cut short.

https://en.wikipedia.org/wiki/Steven_Horwitz

https://www.libertarianism.org/books/austrian-economics-introduction

Previous mentions on this blog

Trump and Sanders

Steven Horwitz Defends Income Inequality

Independent Institute – Art Camden Obituary

Anina received the following links from Shutterfly

https://link.shutterfly.com/8THohR5rohb

https://link.shutterfly.com/TAuIOIjrohb

https://link.shutterfly.com/cR8fDfasohb

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8 yrs ago
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7yrs ago
https://link.shutterfly.com/oSeCexlrohb

5 yrs ago
https://link.shutterfly.com/pTIsO1yrohb

2 yrs ago
https://link.shutterfly.com/2QqyKqJroh
https://link.shutterfly.com/wYt3SfNrohb

selections from Barbara’s Photo Book
https://link.shutterfly.com/cR8fDfasohb

I am cynical about people who try to explain art. My mother said that one of the few things she learned in art school was how to throw the bull.

Here is a lovely example of someone perhaps over analyzing music passages.

First they break your legs, and then they get taxpayers to pay for your crutches.
https://www.latimes.com/california/story/2021-06-14/california-struggling-marijuana-industry-cash-grants-budget

Except:

JUNE 14, 2021

The California Legislature on Monday approved a $100-million plan to bolster California’s legal marijuana industry, which continues to struggle to compete with the large illicit pot market nearly five years after voters approved sales for recreational use.

Los Angeles will be the biggest beneficiary of the money, which was proposed by Gov. Gavin Newsom to be provided as grants to cities and counties to help cannabis businesses transition from provisional to regular licenses.

“California voters approved Proposition 64 five years ago and entrusted the Legislature with creating a legal, well-regulated cannabis market,” said Assemblyman Phil Ting (D-San Francisco), the chairman of the Assembly Budget Committee. “We have yet to reach that goal.”

From Jacob Hornberger

Old and New Official Enemies

Many right wing commentators and historians cite the intent of the late 18th century statesmen / politicians to justify what human rights should be respected by our current government.

In discussions on the Tom Woods Show with guests such as Marco Bassani, the talk often seem to expect the United States government to be constrained by the Constitution and the original sovereignty of the American colonies.

It seems that they expect that if the general public knew and understood the way the government was supposed to work based on original intent, that there would be a ground swell of support to limit the role of the federal government.

To be continued:

References:
Chaining Down Leviathan: The American Dream of Self-Government 1776-1865

http://tomwoods.com/