Well, that’s a bit of hyperbole, but, lest the eyes glaze over, “economy” always needs a little jazzing up. And, even though gjohnsit’s diary has got good traction, a bit of elaboration on the theme can’t hurt.
That’s my thought for the day. Now I’m off to confabulate with the New Hampshire Democrats.
“confabulated economy” might be a good term for what we are suffering from. It’s what Wall Street creates. Economic fables from the East to compete with what Hollywood concocts in the West.
I wore a dress to attend two political events. The first was to promote the recycling of college graduates’ belongings so they won’t end up at the dump. The sponsors put on a grand feast of somewhat esoteric but delicious finger foods, much of which went uneaten. I could only hope it would not end up at the dump.
The second event was to collect dollars toward the re-election of New Hampshire’s Governor. The dress attracted the Governor, so I was able to impart my wise words of the day — i.e. that money is for spending. This left the Governor somewhat non-plussed, since she’s very proud of having replenished the state’s rainy day funds, so Wall Street won’t charge quite so much to lend us the dollars they’re hoarding in hopes of increasing dividend rates. That the states are being forced to compensate for the fact that Congress cannot be relied upon to provide enough money is not an entirely welcome perspective because it takes some of the sheen off skrimping and making do with less. One of the state Reps was impressed by the observation that state and municipal bonds are a three-fer for the financial class. They make a profit from hoarding, a profit that is untaxed as income, AND their local tax obligations are concomitantly lowered at the expense of individuals whose wages are fully taxed.
I’m tempted to argue that wearing a dress made me a magnet. When everyone’s wearing trousers or shorts, an old woman in a flowered dress stands out. Men feel less threatened and are willing to converse more. Hats probably did the same thing for Bella Abzug.
Nothin’ fancy, but they were/are ours. They’re in chronological order. Puddy objects to the lack of narrative. I suppose, if there were a narrative, it would be that, from beginning to end, our tastes were modest by design. Shelters don’t have to be fancy.
How is that accomplished? How does one raise the consciousness of adolescents who are self-absorbed? Surprise. Does that do the trick? Let them know they’re being watched when they think no-one’s paying attention? If so, then respecting their privacy is probably not a good thing.
The nuns rattling their rosary beads worked to increase alertness.
Planning to fail or failure by design has so many advantages that I’ve never compiled a full compendium. That is, I keep finding more examples. Where to start?
Every so often I check the Google to see what’s new in the shadows or the underground economy or even the black market. Several different terms for the same entities, in this case people who trade and exchange goods and services without sending a “cut” to satisfy their tax obligations, signals quite unequivocably that there’s confusion about. That was obvious when the U.S. encountered “insurgents,” “terrorists,” “Iranians,” “extremists” and ethnic fighters in Iraq and simply refused to recognize that the invasion had spawned a resistance and legitimately so. And here, in the economic realm, we’ve got the same problem even as more terms are being invented.
This is an idea that occurred to the brain during the night. It may not make any sense, but I want to write down as much as I remember.
When Richard Nixon liberated the U.S. dollar from the bands of gold in 1971, he did it, he said, to prevent foreign speculators from undermining the value of our currency. That there might be ancillary, long range consequences from the devaluation of a relatively scarce metal for the two authoritarian nations, the Soviet Union and the Union of South Africa, most dependent on gold production to finance their global purchases, did not, according to Nixon, influence his decision.
Somehow, this post lost its title yesterday, but the program saved it anyway without a title. Good thing. It took a long time to scan all this stuff.
I suppose I should mention that younger son, having prudently saved all his medical records, was ultimately not sent off to the Persian Gulf and only missed a semester of his University studies.