Archive for August, 2011

Gulliver on Fiscal Stimulus

I don’t write much about the economy and various remedies for its present ills.  That is for two reasons:  First, I believe economics, especially on the macro side, is so far from being science that it is closer to being a conventicle of witches, with multiple schools promoting various spells and potions.  And second, because I don’t really understand it all (despite having taken my Masters degree in economics.)

Anyway, I stumbled across the following passage in Gulliver’s Travels, which I think sums it up.

When Gulliver visited Laputa, the land of the philosophers, he complained of “cholick”.  He was introduced to “a great physician who was famous for curing that disease by contrary operations of the same instrument, a pair of bellows with a slender muzzle of ivory; this he conveyed 8 inches up the anus, and drawing in the wind, he affirmed he could make the guts as lank as a dried bladder.  But when the disease was more stubborn and violent, he let in the muzzle while the bellows was full of wind, which he discharged into the body of the patient…

“I saw him try both experiments upon a dog; but could not discern any effect from the former.  After the latter, the animal was ready to burst, and made so violent a discharge as was very offensive to me and my companions.  The dog died on the spot, and we left the doctor trying to recover him by the same operation.”

Thus Dean Swift’s eighteenth century view of stimulus and other remedies for financial cholick.

The “Mere Flabbiness” of the Elites

[My philosophical friend Finiti has permitted me to reprint here this post from his own site (www.benfiniti.com).]

by Ben Finiti

I came across a passage which seems to describe in remarkably succinct terms the process of the “avant garde” elite’s degradation of our culture.  It is in a 1940 book on Aeschylus by the classical scholar Gilbert Murray.  He is contrasting his subject with the turmoil raised by the Sophists of Athens

“The development is one which has often been repeated in ages of great intellectual activity.  Vigorous minds begin to question the convention in which they have been brought up and which they have now outgrown.  They reject first the elements in them which are morally repulsive, then the parts that are obviously incredible; they try to reject the husk and preserve the kernel, and for a time reach a far higher moral and intellectual standard than the generations before them or the duller people of their own time.

“Then, it seems, something is apt to go wrong.  Perhaps a cynic would say – and it would be hard to confute him – the element
of reason in man is so feeble a thing that he cannot stand successfully except when propped in the stiff harness of convention. At any rate there is always apt to come a later generation which has carried doubt and skepticism much farther and finds the kernel to consist only of inner layers of husk and then more husk, as the place of George IV’s heart, according to Thackeray, was supplied by waistcoats and then more waistcoats.

“First come inspiration and the exaltation of breaking false barriers: at the end comes the mere flabbiness of having no barriers left to break and no talent except for breaking them. ” Continue reading ‘The “Mere Flabbiness” of the Elites’


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