Students For Occupy Wall Street


Kara Masciangelo and Jame McAndrews, of the New York Fed, have unearthed a 1765 letter to the editor of theNew-York Gazette. It reads in part:

Some Individuals of our Countrymen, by the Smiles of Providence or some other Means, are enabled to roll in their four–wheel’d Carriages, and can support the Expence of good Houses, rich Furniture, and Luxurious Living. But, is it equitable that 99, or rather 999 should suffer for the Extravagance or Grandeur of one? Especially when it is consider’d, that Men frequently owe their Wealth to the Impoverishment of their Neighbours; so that it would be most unjust to suppose a People generally to be rich because some wealthy Men live among them.