Archive for September, 2008

The crisis

Steven Landsburg has some interesting points on the current economic crisis over at The Atlantic:

So what’s special about banks? According to what I keep reading, it’s that without banks, nobody can borrow, and the economy grinds to a halt.

Well, let’s think about that. Banks don’t lend their own money; they lend other people’s (their depositors’ and their stockholders’). Just because the banks disappear doesn’t mean the lenders will. Borrowers will still want to borrow and lenders will still want to lend. The only question is whether they’ll be able to find each other.

(source)

Add comment September 24th, 2008

Charged by the police

…could have some different meanings than it used to. Or to put it another way, things that society provides, like police work, educations, libraries, are all potentially privatizable.

Add comment September 23rd, 2008

Wise men of Wall Street

Hypothetical Text message question here…A query to my readers asa to how to respond to the following hypthetical query:

Bern@k3y: Yo J-Money
J-Money: Wassup
Bern@k3y: I need to hit you up for $2600
J-Money: S@y what?
Bern@k3y: Not just you d00d. I’m asking everyb0dy in @meric@
J-Money: For what?
Bern@k3y: I need it this week br0
J-Money: WHat are you going to use it for?
Bern@k3y: Don’t be hatin
Bern@k3y: Could be a r3c3ssion if you don’t front me m@n
Bern@k3y: $$$ quick plz!!!
J-Money: How did this happen, m@n?
Bern@k3y: Housing, loans….man enuff with the q’s, get me some $$$

Add comment September 23rd, 2008

The Road

I’m just now getting around to reading Cormac McCarthy’s The Road. It’s dark, beautiful, and makes me fear ash.

Add comment September 18th, 2008

Things Learned during my summer vacation

The State of New York takes entirely too long to cross lengthwise, and should probably be shortened to save time.

The Airline Highway is a bit of a nightmare in heavy rains.

Inflation has increased two weeks of 1987 time so now it’s equivalent to three and a half months in 2008 time.

Half of the schools I attended are now closed and slightly more haunted looking than when I was there oh those many years ago.

My wife thinks buying the now defunct Willow Street School as a vacation home is insane as it would take forever to clean - but that’s probably not the real reason she or any sane person might oppose such a scheme.

I still think everyone on the road is a tourist except for me.

Add comment September 15th, 2008


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