“Did Lot’s wife and I share the same perversity of nature that compelled us to take stupid risks for no very good reason at all, for no reason that really went beyond the risk itself? And was it for this that her punishment had come swift and horrible? Or was it rather for the whisper of a doubt, soft but irrepressible, that is perhaps always spoken in such actions as looking where one is told not to look? Were there moments in history during which God simply would not tolerate the existence of the skeptic? The symbolic significance of the gesture of looking back wasn’t lost on me. A child’s knowledge of nostalgia is one of the mysteries of childhood. Perhaps it wasn’t so much that there were moments forbidding doubt as that there were places that merited no sense of attachment. Was it the regret and longing she had directed back to her home in Sodom that had drawn God’s wrath down on her? And yet another sort, a meaner sort, of motive behind her action suggested itself, one that would remove her to a safer distance from myself: a kind of cold enchantment with the drama of death. – Rebecca Goldstein
“People look to the President of the United States not as a personwith an important but limited and particular job, but as a god-like emperor. All outcomes in our massive, complex society areattributing to him/her. Economic growth. Jobs. Individual happiness.The moral character of “the nation”. All are attributed, for good orill, to the executive.Such grandiose talk has always been with us, but as the role of the state has grown larger and more complex, the difference between this linguistic fiction and actual reality has become more jarring. No president or party can measure up. Political promises have grown to match expectations for god-like power, but the capability of our politics, of government as an institution, to deliver hasn’t. It can’t. And so our politics oscillates from one increasing disappointment to another, with our culture dividing itself along political lines with increasing intensity as a result. Trump.Sanders. Brexit. Le Pen. These are symptoms of our unrealistic expectations.” John Papola
“The sarcastic Marx of the ‘send-up’ gets a look-in here, too, portraying economists as the bumbling numbskulls Seacole and Dogberry (from William Shakespeare’sMuch Ado About Nothing), and then scoffing at their very evident yet hypocritical self-satisfactions.” Nigel Warburton
“When I was running about this town a very poor fellow, I was a great arguer for the advantages of poverty; but I was, at the same time, very sorry to be poor. Sir, all the arguments which are brought to represent poverty as no evil, shew it to be a great evil. You never find people labouring to convince you that you may live very happily upon a plentiful fortune. — So you hear people talking how miserable a King must be; and yet they all wish to be in his place.” Dr. Johnson
Here’s this week’s roundup of the weirdness that passed across this desk.
NB: All the items listed below came from either articles of links that were sent to my phone through the use of the Quartz app. Quartz is the business arm of The Atlantic Magazine and as such runs out about a dozen headlines a day that speak directly to all those illegal, immoral, and fattening things us libtards love.
OK except for this one which I had to sit through to watched one of the newer Rick and Morty episodes.
While there’s probably a whole ‘nother blog post about the fringe making its way into daily life, we’ll have to save that for another time. I’ll just leave that up there so we can all contemplate the thought, “Given the state of the world today can you really prove that it’s not being run by the drive-through help at Taco Bell?”
The week ended with Quartz passing along CBS MarketWatch’s discovery of Theodora, an assertive, go-getter business owner who believes her clients should only remit payment in cryptocurrency. While this makes Theo a bit of pioneer in her field,anyone who has even been married and/or had a family knows the experience of being a human ATM is far, far less exciting than how she makes it sound.
But you gotta admit her mission statement is both clear and concise.
Her inclusion here is not so much for shock or titillation as a marker of sorts as the only thing people wanted to talk to me about last week was BitCoin.
ILLEGAL (… maybe)
To begin with I have no interest in explaining cryptocurrency, and since Our Reptile Alien Overlords have gifted us with th’ Google, you can explore the new forms of money, wade through the Blockchain hype, and review Gresham’s Law at your leisure.
The first problem with all of it is predicting the future. Hegel’s line about the Owl of Minerva speaks more to how current events will never do anything but frustrate the would-be Nostradamuses (Nostrodami?) among us. As a young man Hegel watched Napolean destroy the Europe he understood. To use a deadly term – in that fog of war – it’s hard to see what’s next. However there are times an places where you can see things in motion. You can observe events and find that there’s a enough momentum contained in that single happening or cluster of small seemingly insignificant event to understand something will come of it.
Which is to say that we’re on the verge of the Big BitCoin Poo-Pooing.(tm pend.) This morning a single BC sits at $16K (USD) while Ripple, the most interesting of the lot, took a hit. Bad news will circle all highly visible mentions of cryptocurrency this year because that’s how unsecured markets work. Sooner or later the gloom will also include articles on how each transaction depends on a gigantic capital-intense electronic infrastructure.
But in long run?
As Lord Keynes said – in the long run we’ll all be dead, other than that who are we to say that the current version of cryptocurrency is nothing more than what the Commodore C-64 was to early computing? And as such who are we to say that this form of monetary exchange which bypasses both the banks and the world governments will not permanently alter our economic relationships to one another?
At the risk of being redundant – the changes wars and economic upheaval bring about never present themselves immediately. Nine going on 10 years after the initial shock of The Great Recession we can look back and observe a few things – Trump, Brexit, and the inability of those in power in the US and Europe to really grasp what’s going on. While I don’t really completely sign on with the entirety of Bruce Sterling and Jon Lebowsky’s libtertarian-centric recap of the past year, there is a great deal of credence to their conclusions about life moving on without a single thought of how government will play a role in what they do.
And why not ignore government?
Realistically all that’s happened in the past 50 years was a labor intense effort by both parties to create pols who seem to have no other interest that to either defend or destroy the pillars of The Great Society. Whats worse is that we’ve all been along for the ride and – more often that not – we get so caught up in that atavistic harangue that we lose site of what’s really going on around us.
Here comes the part where I needlessly repeat myself –
A FIAT CURRENCY IS NOT A BUNCH OF CLOWNS HOLDING GREAT BIG SACKS FULL OF MONEY GETTING OUT OF A LITTLE CAR
Last summer there was this post which suggested that we are moving towards a new economic order which is unlike anything we’ve known before nor will it be like the alternatives (e.g. communism) that modern capitalism spawned. The rise of not just one, but several forms of money who know no master is a re-ordering of the economic macro-verse which was have not seen inn the US since 1865.
To recap –
The modern American economy was put into motion by the following few items:
– The defeat of the South meant the rise of a nationalist government.
– The creation of eminent domain.
– The creation of laws creating the modern form of the corporation.
– The (albeit grudging) acceptance of paper money.
To get to BitCoin we had FDR deny the ownership of gold and Richard M. Nixon to do away with the idea that the dollar was backed by gold. So in 1971 we joined the greater community of nations using a fiat currency, the money that’s the money because we say it’s the money and the reason we all use it is that we have a certain reasonable belief that the money has some sort of daily utility.
BTW – in the BitCoin world the preferred pejorative for government issued money is “Fiats.”
Yet another New Order of the Ages is upon us.
How will it be handled?
Given the average pol’s grasp of modernity we shouldn’t get our hopes up. This week a friend got a response from one of our elected regarding his email on Net Neutrality. The response was little more than a note of thanks and a solicitation to sign up for the elected’s newsletter. It was a very pleasant way of saying that the elected’s has no idea what all of this is about, but is opposed to it because Trump’s people are for it.
How then will folks like that grasp the shift in the use of currency?
They won’t and neither will the Boomers. When you stop to look at it the Boomer worldview runs along a spectrum that – on one end – suggests a narcisistic personality disorder and stretches to a point of Being at That Advanced Age Where You Think You Know Everything There Is to Know. In the latter half of that curve nothing new is taken seriously and is dismissed as little more than what’s on the cover of this month’s Tiger Beat. Eventually they’ll all wind up in the home comparing notes on knowing everything there is to know and staging a sit-in in the rec room to once again protest the mining of Haiphong Harbor.
History will then remember the Boomers as the largest collection of Lot’s Wives ever assembled.
Conflict over change will come rapidly spread by the use of modern media. The streets will be filled with those who want The Big Boss Man to set it all straight, but The Big Boss Man having come from the Great Society Wars will have no idea what to do.
While all this plays itself out Theodora rocks out on her yacht to a little … well … yacht rock.
At this point most people would say that I should take all this and slap it up on Medium.
I would but I don’t feel sorry enough for myself to use Medium.
Instead I’m going over to Taco Bell to give that kid running the drive-through lane a piece of my mind.