My brother celebrated his 40th birthday party.
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-- life exists -- and identity -- the powerful play goes on -- and you may contribute a verse
In recent discussions of the causes of the current economic crises I've noticed an interesting point of view seems to be shared between religious folks and liberals. Both groups preferred explanation tends to be greed. Yes greed; one of the . . . seven deadly sins.
It appears that both groups believe that over the past decade there has been an unexplained outburst of greed regarding the residential real estate market. It's as if the MBAs and bankers suddenly abandoned all of their standards when they discovered this untapped market of previously "redlined" minimum wage workers, illegal immigrants, and "people of color" that they could exploit.
The weakness of this argument is somewhat masked by the well-known fact that humans are indeed prone to greed. No one will argue that given the proper incentives, or absence of disincentives, nearly anyone can be induced to exhibit an excess of "greed".
There was a time when our institutions and rules successfully governed greed and the residential real estate market in the USA. The rules changed, not the human condition.
This is the most difficult challenge that Capitalism faces today; to explain that greed, pragmatically channeled and balanced is best understood not as a sin, but the essential engine behind our prosperity and a normal component of human nature.Greed is to Capitalism as lust is to marriage.
"The rules changed, not the human condition."
The DEFINITION of INSANITY is doing the same thing over and over and expecting different results!!
What was lacking in the housing market, they say, was government regulation of the market's "greed." That makes great moral melodrama, but it turns the facts upside down.
It was precisely government intervention which turned a thriving industry into a basket case.
An economist specializing in financial markets gave a glimpse of the history of housing markets when he said: "Lending money to American homebuyers had been one of the least risky and most profitable businesses a bank could engage in for nearly a century."
That was what the market was like before the government intervened. Like many government interventions, it began small and later grew.
It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.The Wealth of Nations, Book I Chapter II
Photo by Peter Barnes
blog: http://www.petebarnesphotography.co.uk/blog.html
Time will say nothing but I told you so . . .IT DOES, AND IT DID!(W. H. Auden 1907-1973)
Do you have any favorite time travel stories? I'll start the list with some of mine. I'll add whatever comments I get.
FICTION:
The Time Traveler's Wife by Audrey Niffenegger
Timeline by Michael Crichton
NON-FICTION:
Time Travel in Einstein's Universe: The Physical Possibilities of Travel Through Time by J. Richard Gott
MOVIES:
Back to the Future (Michael J. Fox)
Somewhere in Time (Jane Seymour, Christopher Reeve)
POEMS:
(I know of a limerick, but it's too raunchy to put here.)