Morbid optimism, from the banks to the streets
Out amongst the usual street theater that follows a meeting of world economic powers like that held last week in London, the observer will behold a good sample of debased political idiom. The banners read like cant on stilts: “Abolish money” and “One currency, one government, one world” and “The government lies” and “Democracy is an illusion” and — my favorite — “No borders anywhere.” | Read More »
A proposal and a footnote.
The almost singular driving purpose of our American economic policy should be* to encourage productive capital to move here. (Not high finance engineering, but actual means of production, to use the old terminology.) In fine, the driving purpose of our policy should be Hamiltonian through and through — the difference being that while he had to build a base of productive capital all we have | Read More »
Virginity for sale.
A woman with a peculiarly mercenary streak is auctioning off her virginity for a considerable sum of money: $3.7 million, according to this Telegraph report. It’s one way to beat the recession, I suppose. The idea of enterprising degradation came to her, it is further reported, because her sister was able to pay for “her own degree after working as a prostitute for three weeks.” | Read More »