< t e r r i b l y /\ c u n e i f o r m >

Barry Eichengreen and Kevin O'Rourke provide an interesting economic historical comparison in this blog article, "A Tale of Two Depressions". Yes, things still look serious. Now time will tell whether the stimulus was sufficient or just postponed a day of reckoning. I don't think that the core issues (bad assets on the books, too big to fail institutions, have been resolved and that optimism is unwarranted.

"To summarise: the world is currently undergoing an economic shock every bit as big as the Great Depression shock of 1929-30. Looking just at the US leads one to overlook how alarming the current situation is even in comparison with 1929-30."

For a man to pride himself on this kind of wealth, as if it enriched him, is as ridiculous as if one struggling in the ocean with a bag of gold on his back should gasp out, "I am worth a hundred thousand dollars!" I see his ineffectual struggles just as plainly, and what it is that sinks him.
Journal November 5, 1857

And we should call every truth false which was not accompanied by at least one laugh.

I cannot seem to feel alive unless I am alert and I cannot feel alert unless I push past the point where I have control.

-from Some of the Dead Are Still Breathing

One must believe in the reality of time. Otherwise one is just dreaming.

God is usually on the side of the big squadrons against the small.

The future is just going to be a vast, conforming suburb of the soul.

The whole of the day should not be daytime, nor of the night night-time, but some portion be rescued from time to oversee time in. All our hours must not be current; all our time must not lapse. There must be one hour at least which the day did not bring forth,—of ancient parentage and long-established nobility,—which will be a serene and lofty platform overlooking the rest. We should make our notch every day on our characters, as Robinson Crusoe on his stick. We must be at the helm at least once a day; we must feel the tiller-rope in our hands, and know that if we sail, we steer.

Brave speaking is the most entire and richest sacrifice to the gods.

There is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than the creation of a new system. For the initiator has the enmity of all who would profit by the preservation of the old system and merely lukewarm defenders in those who would gain by the new one.

The Prince

And this our life, exempt from public haunt,
Finds tongues in trees, books in the running brooks,
Sermons in stones, and good in everything.

You will not prove that humans are happy who live steadily in the midst of the disasters of war. Whether the blood shed is that of their fellow citizens or of their enemies matters not, for in any case it is human blood. The dark shadow of fear and the lust for blood has fallen over them. If they know joy, then it is but the gleaming of fragile glass which they must fear will be shattered at any second. How then can it be wise or even rational to see grounds to be boastful in the building of empires?…

If it does not do justice, what is the government but a great criminal enterprise? For what are gangs of criminals but petty little governments? The pack is a group which follows the orders of its leader according to a social compact of sorts, sharing the spoils along the rules upon which they agree. Through a process of gradual accretion, the gang may acquire bodies and territory, establish itself in some place, and soon be possessed of all the attributes of statehood—then it may be known as a state, acquiring this title not by being any less avaricious but rather by having achieved impunity. Alexander the Great’s conversation with a pirate he had captured reflects this well. The king asked what possessed him to infest the sea as he did, and the pirate replied: “No differently from you when you pursue your crimes in the world. I act with a small ship, so I am called a pirate. You command a fleet and are called emperor.”

City of God

Don't be discouraged by a failure. It can be a positive experience. Failure is, in a sense, the highway to success, inasmuch as every discovery of what is false leads us to seek earnestly after what is true, and every fresh experience points out some form of error which we shall afterwards carefully avoid.

I have met with but one or two persons in the course of my life who understood the art of taking walks daily, —not [to] exercise the legs or body merely, nor barely to recruit the spirits, but positively to exercise both body and spirit, and to succeed to the highest and worthiest ends by the abandonment of all specific ends,—who had a genius, so to speak, for sauntering. And this word “saunter,” by the way, is happily derived “from idle people who roved about the country [in the Middle Ages] and asked charity under pretence of going a la Sainte-Terrer,” a Holy-Lander. They who never go to the Holy Land in their walks, as they pretend, are indeed mere idlers and vagabonds.

Thoreau's Journal: 10-Jan-1851

There is no use in multiplying examples. The point is that we are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield. When one looks at the all-prevailing schizophrenia of democratic societies, the lies that have to be told for vote-catching purposes, the silence about major issues, the distortions of the press, it is tempting to believe that in totalitarian countries there is less humbug, more facing of the facts… Actually, however, the avoidance of reality is much the same everywhere, and has much the same consequences… To see what is right in front of one’s nose needs a constant struggle.

"In Front of Your Nose" (1946)

For money you can have everything it is said. No, that is not true. You can buy food, but not appetite; medicine, but not health; soft beds, but not sleep; knowledge but not intelligence; glitter, but not comfort; fun, but not pleasure; acquaintances, but not friendship; servants, but not faithfulness; grey hair, but not honor; quiet days, but not peace. The shell of all things you can get for money. But not the kernel. That cannot be had for money.

We should be careful to get out of an experience only the wisdom that is in it—and stop there—lest we be like the cat that sits down on a hot stove-lid. She will never sit down on a hot stove-lid again, and that is well; but also she will never sit down on a cold one any more.

Parable of the Three Fishes

This is the story of the lake and the three big fish
that were in it, one of them intelligent,
another half-intelligent,
and the third, stupid.

Some fishermen came to the edge of the lake
with their nets. The three fish saw them.

The intelligent fish decided at once to leave,
to make the long, difficult trip to the ocean.

He thought,
"I won't consult with these two on this
They will only weaken my resolve, because they love
this place so. They call it home. Their ignorance
will keep them here."

When you're traveling, ask a traveler for advice,
not someone whose lameness keeps him in one place.

Muhammad says,
"Love of one's country
is part of the faith."
But don't take that literally!
Your real "country" is where your heading.
not where you are.
Don't misread that hadith.

In the ritual ablutions, according to tradition,
there's a separate prayer for each body part.
when you snuff water up your nose to cleanse it,
beg for the scent of the spirit. The proper prayer is,
"Lord, wash with me. My hand has washed this part of me,
but my hand can't wash my spirit.
I can wash this skin, but you must wash me.

A certain man used to say the wrong prayer
for the wrong hole. He'd say the nose-prayer
when he splashed his behind. Can the odor of heaven
come from our rumps? Don't be humble with fools.
Don't take pride into the presence of a master.

It's right to love your home place, but first ask,
"Where is that, really?"

The wise fish saw the men and their nets and said,
"I'm leaving."

Ali was told a secret doctrine by Muhammad
and told not to tell it, so he whispered it down
the mouth of a well. Sometimes there's no one to talk to.
You must just set out on your own.

So the intelligent fish made its whole length
a moving footprint and, like a deer the dogs chase,
suffered greatly on its way, but finally made it
to the edgeless safety of the sea.

The half-intelligent fish thought,
"My guide
has gone. I ought to have gone with him,
but I didn't, and now I've lost my chance
to escape.
I wish I'd gone with him."
Don't regret what's happened. If it's in the past,
let it go. Don't even remember it!

A certain man caught a bird in a trap.
The bird says, "Sir, you have eaten many cows and sheep
in your life, and you're still hungry. The little bit
of meat in my bones won't satisfy you either.
If you let me go, I'll give you three pieces of wisdom
One I'll say standing on your hand. One on your roof.
And one I'll speak from the limb of that tree."

The man was interested. He freed the bird and let it stand
on his hand.
"Number One: Do not believe an absurdity,
no matter who says it."

The bird flew and lit on the man's roof. "Number Two:
Do not grieve over what is past. It's over.
Never regret what has happened."

"By the way," the bird continued, "in my body there's a huge
pearl weighing as much as ten copper coins. It was meant
to be the inheritance of you and your children,
but now you've lost it. You could have owned
the largest pearl in existence, but evidently
it was not meant to be."

The man started wailing like a woman in childbirth.
The bird: "Didn't I just say, Don't grieve
for what's in the past? And also, Don't believe
an absurdity? My entire body doesn't weigh
as much as ten copper coins. How could I have
a pearl that heavy inside me?"

The man came to his senses. "All right.
Tell me Number Three."

"Yes. You've made such good use of the first two!"
Don't give advice to someone who's groggy
and failing asleep. Don't throw seeds on the sand.
Some torn places cannot be patched.

Back to the second fish,
the half-intelligent one.
He mourns the absence of his guide for a while,
and then thinks, "What can I do to save myself
from these men and their nets? Perhaps if I pretend
to be already dead!
I'll be belly up on the surface
and float like weeds float, just giving myself totally
to the water. To die before I die, as Muhammad
said to."
So he did that.

He bobbed up and down, helpless,
within arm's reach of the fisherman.

"Look at this! The best and biggest fish
is dead."
One of the men lifted him by the tail,
spat on him, and threw him up on the ground.

He rolled over and over and slid secretly near
the water, and then, back in.

Meanwhile,
the third fish, the dumb one, was agitatedly
jumping about, trying to escape with his agility
and cleverness.
The net, of course, finally closed
around him, and as he lay in the terrible
frying-pan bed, he thought,
"If I get out of this,
I'll never live again in the limits of a lake.
Next time, the ocean! I'll make
the infinite my home."