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Missive #151

7. Nasruddin’s Donkey Crosses the Stream

Nasruddin was returning home from the market, and his donkey was carrying bags of salt.

On the way, they had to cross a stream. The donkey slipped, and the salt dissolved in the water. When the donkey stood back up, he found his load was lighter, and he trotted happily home.

The next time they came from the market, the donkey was carrying bags of wool. He decided to stumble on purpose but, instead of dissolving, the wool absorbed the water and weighed even more than before.

“You can’t expect to get lucky every time!” Nasruddin said to the donkey.

This Tale is from “Tiny Tales of Nasruddin” by Laura Gibbs. The book is licensed under the CC BY-NC-ND 4.0 license. © 2019-2022 Laura Gibbs.

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[I]n this show we are going to take up the last two questions, which are: Was there really a Bretton Woods II really after 1971? And finally, What is the crisis today — what are its main dimensions?
Now the most important thing to know about this is that the very label “Bretton Woods II” involves a boast. And let me also explain that by pointing out that actually by calling it a boast I’m drawing attention to a very important fact about the whole discourse around dollar hegemony and so on. — Dollar Diplomacy Down by Michael Hudson

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