Categories
Today

Two Criminals

On March 12, 2009, financier Bernard Madoff pled guilty to pulling off perhaps the biggest swindle in U. S. history. One year earlier to the day, in the same city, New York, the state’s governor, Eliot Spitzer, resigned a mere two days after reports had surfaced that he was listed as a client in a high-end escort/call-girl prostitution ring. The cause of freedom is advanced with every criminal nabbed and every hypocritical illiberal politician disgraced.

Categories
Thought

Deirdre N. McCloskey

Nor during the Age of Innovation have the poor gotten poorer, as people are always saying. On the contrary, the poor have been the chief beneficiaries of modern capitalism. It is an irrefutable historical finding, obscured by the logical truth that the profits from innovation go in the first act mostly to the bourgeois rich.


Deirdre N. McCloskey, Bourgeois Dignity: Why Economics Can’t Explain the Modern World (2010).

Categories
Thought

Mary Ann Evans

The blessed work of helping the world forward, happily does not wait to be done by perfect men.


George Eliot, Scenes of Clerical Life, 1858.

Categories
Today

Daily Courant

On March 11, 1702, The Daily Courant, England’s first national daily newspaper, was published for the first time. It was a one-sheet, concentrated on foreign news, sans commentary. The reverse side sported advertising. It was produced by Elizabeth Mallet (1672–1706), a printer and bookseller who lived, and published the paper, next to the Kings Arms tavern at Fleet Bridge in London.

Categories
Today

The Mahatma

On March 10, 1922, Mahatma Gandhi was arrested in India, tried for sedition, and sentenced to six years in prison, only to be released nearly two years later for an appendicitis operation.

Categories
Thought

Isabel Paterson

An army is a diversion of energy from the productive life of a nation.


Isabel Paterson, The God of the Machine, 1943.

Categories
Today

William Cobbett

March 9 marks the 1763 birthday of British pamphleteer and activist William Cobbett. Cobbett was known for his lifelong opposition to authority, and his later-in-life “radicalism,” which included his opposition to Britain’s protectionist Corn Laws, and his support for Catholic Emancipation. Cobbett died in 1835.

In 1776 on this date, Scottish philosopher Adam Smith first published An Inquiry into the Nature and Causes of the Wealth of Nations, which became the first widely accepted landmark work in the field of economics. It was not the first general treatise on the subject, however; that designation almost certainly belongs to banker Richard Cantillon’s Essai sur la Nature du Commerce en Général, cited by Smith in his more famous book. It is also worth noting that Étienne Bonnot de Condillac’s systematic treatise, Le Commerce et le Gouvernement, also saw publication in 1776.

On March 9, 1862, the USS Monitor and CSS Virginia fought to a draw in the Battle of Hampton Roads, the first battle between two ironclad warships. The Virginia was built on the remains of the USS Merrimack, and the battle is often referred to as between “the Monitor and the Merrimack.”

Categories
Thought

Mary Ann Evans

Nice distinctions are troublesome. It is so much easier to say that a thing is black, than to discriminate the particular shade of brown, blue, or green, to which it really belongs. It is so much easier to make up your mind that your neighbour is good for nothing, than to enter into all the circumstances that would oblige you to modify that opinion.


George Eliot, Scenes of Clerical Life, 1858.

Categories
Thought

Deirdre N. McCloskey

The change in rhetoric has constituted a revolution in how people view themselves and how they view the middle class, the Bourgeois Revaluation. People have become tolerant of markets and innovation.


Deirdre N. McCloskey, Bourgeois Dignity: Why Economics Can’t Explain the Modern World (2010).

Categories
Today

Slavery and Anti-Slavery in America

On March 8, 1775, “African Slavery In America,” the first known essay advocating the abolition of slavery in America, was published anonymously in the Pennsylvania Journal and the Weekly Advertiser. Thomas Paine (pictured) is believed to be the essay’s author.

The first anti-slavery society was formed in Philadelphia weeks after publication, and Paine was a founding member.

Exactly 120 years earlier, a court in Northampton County of the Virginia Colony ruled that John Casor, then working as an indentured servant to Robert Palmer, must be returned to Anthony Johnson as Johnson’s “lawful” slave for life. Ironically, Johnson was one of the original indentured servants brought to Jamestown, had completed his indenture to become a “free Negro” and the first African landowner in the colony. The case marked the first person of African descent to be legally-recognized as a lifelong slave in England‘s North American colonies. The first official chattel slave in English-speaking North America was of African descent, and was owned by a man also of African descent.