WELCOME TO THE PEREGRINATING GRAYBEARD

20 September 2019
Springerville RV
Springerville, AZ

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Read Will Rogers column 88 years ago: September 20, 1931

The Park is not quite as full as the Park host said it would be. It is way to full of UTV as far as Patches is concerned. She has been very good considering all the coming and going in front of her house. Then there are those people that stop right in front of her house and just sit there, she hates that!

Most of the participants in the UTV


Jamboree are of a more mature age although they might not always act their age. I think there are some of them that are living their fantasy of being in the Baja 1000 or some other SCORE (Southern California Off Road Enthusiasts) race. Maybe the Dakar Off Road Race. A few wear matching shirts and jackets just like the real racers. Other than the noise from the UTV they have been well behaved with only an occasional speeder in the Park.

This book has been more understandable. I think some editor has sat the good professor down and told him that he needed to write using a language that a broader audience could read and understand. I'm sure it was difficult for him to take off the academic robes but this book is an improvement.

Governments throughout the world now leave monetary policy to the Central Bank and Treasury, whose administrators are drawn from the ranks of bankers or their academic factotums or outright lobbyists. Naturally enough, they seek to shape financial policy in their own interests. Backed by the Chicago School’s advocacy of financial austerity, these doctrinaire financial planners oppose full-employment policies and rising living standards, not only as being inflationary but as consuming the economic surplus that is owed to creditors. The fear regarding inflation is that rising wages will increase prices, reducing the volume of labor and output that a given flow of debt service is able to command. The even more destructive fear is that rising wages will eat into the economic surplus
that today’s financial doctrine believes should be capitalized at the going rate of interest and financialized, that is, pledged for debt service. - The Bubble And Beyond, Michael Hudson

Caitlin has got her mojo back. She went through a period where she was writing defensively, glad to see her on the attack.
Joe Biden could slip into a coma tomorrow and they’d still wheel him out to the debates with the words “NOT TRUMP” scribbled on his forehead in sharpie. And he’d continue to poll in the mid-to-high twenties.
We are about three years from watching President Biden say he’s working with Prime Minister Margaret Thatcher to win the Cold War, soiling himself at the podium, and then CNN pundits earnestly discussing his similarities and differences to President Obama. Notes From The Edge Of The Narrative Matrix, Caitlin Johnstone

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