Tuesday, June 21, 2022

Fifty years ago..................


The Temptations...............Papa Was A Rolling Stone

this vital interplay between.......

 ..............................freedom and belonging, between nature and human nature

Read more on the existential wanderlust of Rockwell Kent at this Marginalian post.



26 so far. 30 will satisfy...............

 


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Wisdom.............................

 ..................(the better the crust, the better the pie)

the untold story............

 If we want to understand before we are understood, we must deploy what John Steinbeck referred to as "a good ear."  A good ear is one that hears below the surface.  Every text has a subtext, and it is usually the subliminal messages that have the most power and truth.  It is a rule of human nature that we often say what we do not mean.  We use words that are not true to how we feel.  We distort and hide and obfuscate, usually because we fear presenting the real us and being rejected for it.  Given this, if we want to be deep listeners we must listen between the lines to the silences, the emotions, the doubts, the deep-seated beliefs that influence a person's life, choices and self-image.  We listen for the untold story.

-Adam S. McHugh, The Listening Life

Making a magnificent structure fit for use..........

 Powerful and ingenious minds, taking as postulates that the powers expressly granted to the government of the Union are to be contracted by construction into the narrowest possible compass and that the original powers of the States are retained if any possible construction will retain them may, by a course of well digested but refined and metaphysical reasoning founded on these premises, explain away the Constitution of our country and leave it a magnificent structure indeed to look at, but totally unfit for use. They may so entangle and perplex the understanding as to obscure principles which were before thought quite plain, and induce doubts where, if the mind were to pursue its own course, none would be perceived. In such a case, it is peculiarly necessary to recur to safe and fundamental principles to sustain those principles, and when sustained, to make them the tests of the arguments to be examined.

-Chief Justice John Marshall, as he concludes the majority opinion in Gibbons v. Ogden (1824)

Saturday, June 18, 2022

We have long thought.................

.............that the psychological component to the economy was both underrated and undervalued.  One lesson taken away from Reagan and Trump is that optimism matters.  Faithful readers may remember that, while mostly fearless, we fear deflation more than inflation.

Ben Carlson weighs in:

There is a lot we still don’t understand about inflation, especially since there is such a huge psychological component to prices and spending by consumers.

Inflation could remain elevated for some time if governments continue to spend money or the energy crisis worsens.

But it also wouldn’t surprise me to see severe disinflation or even deflation if the Fed overplays its hand with interest rate hikes and we go into a recession.

Maybe we’re due for more economic volatility than we’ve had these past 4 decades. Or maybe the pandemic will be an outlier because there was so much economic weirdness going on.

It’s good to keep an open mind about what comes next in regards to both prices and financial markets.

Nope............................



 more fun here

Please...........................

 


 more fun here

Checking in.................................

 ..............with Robert Louis Stevenson:

Man is a creature who lives not upon bread alone, but principally by catchwords; and the little rift between the sexes is astonishingly widened by simply teaching one set of catchwords to the girls and another to the boys.

I kept always two books in my pocket, one to read, one to write in.

A good conscience is eight parts of courage.

To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive

Quiet minds cannot be perplexed or frightened but go on in fortune or misfortune at their own private pace, like a clock during a thunderstorm.

Our business in this world is not to succeed, but to continue to fail, in good spirits

 Every heart that has beat strong and cheerfully has left a hopeful impulse behind it in the world, and bettered the tradition of mankind. 

Keep your fears to yourself, but share your courage with others.

To be what we are, and to become what we are capable of becoming, is the only end of life.

mental factions......................

      There are minds that, having risen beyond primitive, unthinking orthodoxies, often merely turn to a rejection of the traditional.  Whoever has made this apparent advance is convinced that he or she has reached a superior condition.  Minds that have improved their knowledge and remained open to more have indeed progressed.  But we often find those who have achieved a critical attitude to the traditional have also adopted a largely, or wholly, uncritical attitude to untried, or even failed, alternatives whose attraction so verbal rather than real.

     "Special interests" are often, and sometimes rightly, indicted for various social and other offenses.  But, of course, special interests are not necessarily economic.  What may reasonably be called interest groups could equally be emotional or mental factions, that is, insistent minorities in society.  Often, what is more, they themselves feel pressure from their own extremer wings—that is to say, a minority within a minority.  Greed is only one of the deadly sins.

-Robert Conquest, The Dragons of Expectation:  Reality and Delusion in the Course of History

thanks Michael

Wednesday, June 15, 2022

Fifty years ago...................


The Doobie Brothers..............the Toulouse Street album

Be careful what you wish for......

 I am radically opposed to technology (it goes without saying), but also against politics and social reform. These oppressive disciplines have been invented by do-gooders, seeking the perfection of the world. They are, characteristically, in league with devils.

-David Warren, from "The beauty of a world in confusion"

Good thing........................



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