I heard a reporter on a recent Economist podcast say that, in light of the growing UK economy, creating jobs is a good thing.
It seems to me that creating jobs is not only a good thing, creating jobs is the thing. What other purpose is there for an economy?
Here’s what I mean. An ‘economy’ is kind of a meta-thing that emerges whenever two or more people get together and decide that working together to meet everybody’s needs is more efficient than everyone trying to each meet 100% of their own needs (like, say, some kind of off-the-grid survivalist). Economies emerge in all kinds of places: prison economies, school-yard economies, national economies, global economies.
I just finished The Warmth of Other Suns: The Epic Story of America’s Great Migration. Wow. It’s easy to see why it won the Pulitzer Prize.
I was born in Canada, and have lived in Arizona, the Midwest, Colorado, New Mexico, Northern California, the UK, the Northeast, and now the South. It is the South that has been the most perplexing. This book has helped me understand not only the South, but the rest of the country as well. I can’t recommend it highly enough.
I have an active mind — sometimes too active. On a recent trip to the local Apple Store I got caught up in the elevated buzz that surrounds the release of new iPhones. When I discovered that my iPad was missing from my purse I compounded a cascade of errors in judgement to end up looking and feeling like a fool. Upon reflection, I learned a lot, not the least of which was to not jump to conclusions. Doh!
We went to our first HOA meeting this week for our new home in Carillon Forest. It was great to meet some of our new neighbors and we learned a lot. Mostly we learned that there are still lots of requests pending with the original developer who built all the houses in the neighborhood a few years back. Unfortunately, they don’t seem to be responding to our requests.
It occurred to me that buying a house from DR Horton is like buying a band instrument from Professor Harold Hill. The Music Man comes to town, sells you a shiny new band instrument, and then moves on. Once he’s gone, he’s gone!
Economists continue to debate the extent to which free markets are truly efficient.
It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.
Beyond that, it seems to me that free markets are not that efficient at all.
You know I’ve always been a dreamer
(spent my life running ’round)
And it’s so hard to change
(Can’t seem to settle down)
But the dreams I’ve seen lately
Keep on turning out and burning out
And turning out the same
So put me on a highway
And show me a sign
And take it to the limit one more time
From Take It To The Limit
I had the good fortune of seeing The Eagles in concert on Friday night on their History of the Eagles tour. Nostalgia ruled the night. Everyone from the original band was was there, and everyone was a few years older than their prime days in the late ’70s. But the music was a s good as it ever was (which is to say, ‘good but not great’). Joe Walsh, however, brought the house down with great stage energy and fantastics renditions of Rocky Mountain High, and Life’s Been Good.
Even though the framers were pretty bad about race, and they certainly didn’t understand sex equality, the one thing the framers got was class. They understood that the biggest risk was to create an aristocracy. And so they insisted, as Madison said, that ‘the people’ meant ‘not the rich more than the poor.’ We’ve completely betrayed that commitment.
— Lawrence Lessig
Watch Lessig’s entire 12-minute interview with Bill Moyerswhen Lessig was on a march to end corruption…
Snow pounding. Visibility nil.
Windshield is as far as I can see.
I’ve even slid off off the road a time or two.
But as the hours (and days) pass,
I slowly make progress.
As it is in snow, so it is in life.
When it comes to land mass, Canada is slightly larger than the US — 3.9 million square miles in Canada vs 3.8 million for the US..
But when it comes to population and the economy, the is US much bigger. Consider this:
- California has more people than Canada.
- California’s economy is larger than Canada’s.