This is a great book to understand what goes on inside the Federal Reserve, and to see how really “smart” people can make some incredibly poor decisions, and how they can suffer from the same blindnesses that everyday folks do.
A few things that struck me about the book:
- No discussion of energy, Peak Anything, over-population,
- No discussion of what a real monetary standard (not gold per se, but something backed other than faith).
One thing that did pop up was this comment by Fisher, head of the Dallas Fed, who said:
“I think there’s the potential for riots in our own streets, social unrest like we’ve never seen”
Definitely a good read.
From the video world, check out the latest from Lancaster, Pennsylvania, where Kunstler, Orlov, Greer, Martenson, and Morris (who is new to me, but someone to check out) talk about reality.
- Read any good books lately?
- What is a good ‘insider’ book that gives a good worldview of your own profession?
The future is coming, whether we like it or not. Some of us might bow out early, due to environment, catastrophe, heated interpersonal squabbling, or just a tiredness of life. If you are around for the long haul, you might reach an age where most of the way the world works today is a distant memory. Automobiles, aircraft, Internet – all could be gone, or reduced. Or, they might exist for decades, failing in the stair-step way that has been discussed elsewhere.
Due to the nature of our society, a great deal of what we’ve got is in digital form. Our pictures, our words (including this rant) may not survive. And if they do survive, it will be a pretty interesting read for whoever is around to do the reading.
In my own paper-based correspondence, especially with younger relatives, my habit is to always make reference to the current state of affairs; politics, environment, business, adventures, daily life. It makes for a more philosophical letter, and hopefully, a better read. Perhaps some future descendant will find some of the ideas alien, but may also see some commonalities with our world. It’s kind of neat, writing to the future.
- What do you want to say to future folks or creatures?
- Would you apologize? Or ask for forgiveness? Or just give a description of the world as it is now?
- Do you think it will help them understand us, or help them avoid our fate?
- Have you read letters from older relatives or ancestors? Do they tell of mundane things, or do they talk of war, social unrest, moon landings, and other historical things, blended in with regular items of personal interest?
These short essays are getting shorter, yes. There seems to be less left to say.
Last week, a comment was made about some sort of national service being reinstated in the United States. One novel that encapsulates a lot of that thought is Heinlein’s Starship Troopers. Starship Troopers gets a lot of flack, yes, but a good part of the book deals with the commitment to a common cause. Having a society that thinks that having people commit to a worthwhile and useful common cause, either by serving in uniform, serving as a volunteer crossing guard, or helping run a library does seem prudent. Helping run a library isn’t being on the front lines; very few folks die in the book stacks. Yet some sort of common vision does seem to be required in order to make sure things stay on track. Nation-states may go the way of the dodo, as large systems naturally collapse, but community service and community thinking, as many cli-fi and other near-future fiction stories have opined, isn’t a bad thing at all, and will always be the ultimate currency.
A colleague this week made an interesting comment/observation. The idea may be old, but the phrase that was used was new to me; “The reason corporations are so corporate,” they said, was that “they have replaced trust with rules.” Likewise, it attempts to replace real community with things like stock options. An interesting observation, and something that makes a lot of sense.
- What level of commitment do you need to feel like you are serving the common good? What is the level of commitment that everyone needs to make a society work? Can you have a measure of such devotion and worldview?
- How do you get people to become community minded, when they aren’t?
- How does community-mindedness fall by the wayside? When a system allows money, rather than trust to be its main currency?
- Just as we have cycles of history, with empires rising and falling, we’ve got cycles of trust, where in some time periods, people don’t trust outsiders, and in others, they do a bit more. Is this just due to resource issues and the programming of our Flatland monkey brains?