1. What does the author mean when he says, "money can buy you time, which is why we pay physicians and pharmaceutical companies after we have heart attacks"?
money can buy you time, which is why we pay physicians and pharmaceutical companies after we have heart attacks. We can trade one for the other. But we can buy more money with time than we can buy time with money. The system is asymmetrical. There are people who are worth a billion dollars. No one I know is going to live 300 years unless a major breakthrough in medicine takes place.
2. Reread the paragraph that starts "But 25% more pay is not the heart of the matter." The author then says, "People who start businesses are more likely to get rich than anyone else." According to the author, why is this true?
But 25% more pay is not the heart of the matter. People who start businesses are more likely to get rich than anyone else. I have never known a business owner who worked an eight-hour day. All of them work at least ten hours, and most work on Saturdays. Yet they make far more than 25% more or even 50% more. If their business survives, they move into the top 20% of income earners.
3. Explain in your owns wProxy-Connection: keep-alive
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ds what the heading "The High Cost of Leisure" means given what has been covered so far in the article.
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ds what the heading "The High Cost of Leisure" means given what has been covered so far in the article.
Leisure was once the major blessing of slave-ownership. Aristotle spoke for the Athenian ruling class when he praised leisure as the basis of the good life. The fact that Athenians were slave-owners made their leisure possible.
4. In what year in human history did productivity begin its "steady upward rise . . . of 2.5% per annum"?
Beginning in the mid-18th century, productivity began its steady upward rise: about 2.5% per annum.
5. What was Thomas Edison's contribution to "overcoming nature"? How did his invention overcome nature?
Thomas Edison's light bulb turned night into day in the factory as well as the home. Air conditioning has turned work places into perpetual spring. The ancient rhythms of night and day and the seasons have been overcome in homes and work places. We can choose how much we want to work.
6. According to the author, how do most of us overcome nature?
Well, in my opinion we invent things. Thats pretty much how we overcome in nature.
7. According to the author, why do most people don't like to work?
Well, most people don't like to work becuase maybe they are rich already
they don't want to be dealing with things, they are lazy but most of all becuase is hard to find a job too. Its never that easy.
9. Gary North's article promotes and privileges creators over consumers. He says, "What most people do not recognize early enough is that they should find employment in a field in which the compounding process produces a sense of personal achievement that lures them back into an ever-greater investment of their time. The compounding process is what produces success, but the front-end costs, especially psychological costs, keep out most people. They willingly serve as salary earners rather than creators." What does he mean by the "compounding process"?
What most people do not recognize early enough is that they should find employment in a field in which the compounding process produces a sense of personal achievement that lures them back into an ever-greater investment of their time. The compounding process is what produces success, but the front-end costs, especially psychological costs, keep out most people. They willingly serve as salary earners rather than creators.
10. In his section on "The Problem With Schools," Gary North says that great teachers are not allowed to multiply themselves. What does he mean by multiplying one's self?
They may be great teachers, but they are not allowed to multiply themselves. They are oddities.
12. What lesson can you learn from the following story. "There is a man in my church who owns and operates motels. Back in the 1980s, he was in college, earning a degree in physical education. He was also making $60,000 a year in the motel business. His coach told him to quit school. "You're making more money than I am. Why do you want to teach junior high school boys, whose parents will be on your back to give their kid more playing time?" He wisely dropped out of college."
Well i can lkearn how this guy became successful on earning a degreein physical ed. Also how he made lots of money over 60,000 dollars a year in a motel buisness. And well his coach tells him to quit school becuase his making enough money. But he wants to tech junior high school students.
