(I'm in a ramblin' mood this afternoon, so . . .)
On this day--October 31--we are told, the barrier between the world of men and spirits are at their thinnest. But men and spirits both being less than reasonable 100% of the time have been known to seek us out for redress for past slights (real or imagined.) We traditionally dress up in costume to confuse or frighten off any would-be seekers of vengeance. And, we're told, we shouldn't really breathe easily until the clock strikes midnight and All Hallow's Eve becomes All Saint's Day, when the two worlds go back to their respective routines and men and spirits go their separate ways.
At any rate there's lots of goings on among the world of men to scare one silly. First off being that the great man who was known for a decade and a half as "The Maestro" and knighted by Queen Elizabeth II has officially come out of the stupid closet. It's not his fault, he says, he had no clue his brilliant ideas would screw up absolutely everything.
Right. No offense to Sir Alan, but my grandfather could have figured it out on his slide rule. Encourage people to do stupid things at no risk to themselves (albeit at substantial risk to those around them) and they--surprise!--will do stupid things. And they did, to the tune of making $70 trillion worth of bad bets on the global economy. (I know it's more complicated than that, but that's what it boils down to.)
That's the real problem with what's going on in the U.S. at this particular moment in time: idiots run the country, and through various international levers and treaties, the world. That sounds harsh and unfair on the surface. Greenspan had the best education money could buy, was imminently well-connected and was entrusted with managing the money supply--as, for instance, you and I never would have been--and there was a good reason for that. One assumes that anyone smart and motivated enough to get to such a position should, I don't know, know what he's doing. It's a decent assumption--you go to a good school, learn from the best, you should know which way is up. Except that Greenspan apparently didn't know up from down and by extension we can assume neither do the other big shots in economic circles.
Some of these guys are unquestionably saying these "Dude! I'm as surprised as y'all!" type things now to cover their asses, which really is a learned skill (covering your ass, that is, not saying "I'm shocked this has happened"), especially in our institutions of higher learning. And let's give credit where it was due, only a fucking genius could have invented something as complicated (and frankly as dangerous) as the derivatives market turned out to be.
I say these things out loud and I'm nearly always told by someone that I just don't understand economics. I agree that math is not my strongest skill set. But I understand human behavior pretty well, and it's a well documented fact that people fall in love with their ideas. I hate to throw away half-written articles or short stories because, well, they're mine and I put a lot of energy into them. I don't think about the fact that seven out of then ten people who read them in the past year hate them for largely the same reasons. But I should think about that because when you show a piece of writing to ten people and more than seven list the same things as being noticeable, it's best to listen to them.
By that same logic if government statistics say we're wealthier than at any point in history but polls consistently say that the people actually living in America just don't feel that way, maybe that's a hint worth taking.
So, at this particular moment in time, October 31, 2008, the world of economics--noted by some as a real science and by others as a bunch of wishful thinking with a lot of math--is closer to the everyday world of daily life than it has been in years. By that I mean that those of us not in the special club have finally taken notice of it and are perhaps also noticing that maybe handing control of our destinies to this Harvard-edumacated crowd is not the best idea. And with that in mind would you rather vote for the guy who seems to have a handle on things--what things the system will let him handle once he's in the top job, of course--or the guy who thinks being the touchiest man in the room qualifies him for that job?
As I said several posts ago, this, too, shall pass. It'll be like losing 50 lbs.: doing it sucks, but you feel better when it's over. And granted, there are real reasons to be very afraid of the future we're creating. But there are resources to get through this as well because life never really stops and nothing ever really ends.
Happy Halloween!

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