1. Nasruddin Gallops Through the Market
The town square was crowded for market day.
Then, all of a sudden, Nasruddin came galloping through the square on his donkey. It looked like he was about to fall off, barely holding onto the reins with one hand while struggling to keep his turban on with the other.
Nobody had ever seen Nasruddin or his donkey move this fast!
“Hey there, Nasruddin!” yelled one of his friends as Nasruddin rode by. “Just where are you going in such a hurry?”
Nasruddin shouted a reply as the donkey galloped past. “I honestly don’t know! You need to ask the donkey!”
This quote is the introduction to a good discussion on inflation; well worth a read. It is now over a year since the discussion was held and nothing has improved. Simply getting worse.
In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it. — Inflation’s Drivers on The Geopolitical Hour by Michael Hudson
“Institutions will try to preserve the problem to which they are the solution.” — Shirky Principle
A good example of this is the United States federal government’s War On Poverty or the War On Drugs or even the Ukraine-Russian War. It’s in the interest of the United States federal bureaucracy to fight these wars — but it’s not in their interest to win. In the medical industry as a whole the saying is “a patient cured is a customer lost”
Go to A Neglected Factor in the Fall of Civilizations for John Michael Greer’s article where I found the Shirky Principle. It is an interesting read.
I’m having a lot of trouble with the WordPress edit again. I suspect the same plugin which was updated again today. It seems that I get an update to a Plugin, Astra or WordPress 2-3 times a week. If it works then it must be obsolete and is in need of an update!