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.
. . . those who can soar to the highest heights can also plunge to the deepest depths, and the natures which suffer most sharply are those which also enjoy most keenly.
— Lucy Maud Montgomery, Ann of the Island
I grew up in a home where showing emotions was not encouraged. As I set out on my own I was proud of my ability to maintain an even keel. But as time wore on I came to realize that holding my emotions in check was just a cloak for numbness. A dear friend offered me this quote and I was suddenly free.
In order to soar to emotional heights I had to allow myself the possibility of plunging to the deepest depths. Goodbye even keel. I learned to embrace the lows and reveled in the highs. Sometimes you have to live with the rain. But when the sun eventually comes out — and it always does — the warmth and the light are more glorious than ever.
One must not think ill of the paradox, for the paradox is the passion of thought, and the thinker without paradox is like the lover without passion: a mediocre fellow.
— Søren Kierkegaard, from Philosophical Fragments
At one point in my life I was formally studying philosophy. Not coincidentally, I was also struggling deeply with various aspects of Christianity and religion. Kierkegaard became a hero. He was a troubled soul who was as prolific at journaling as I was, and who shared many of the same intellectual struggles I was contemplating.
I have always relished the paradox. …
When the news broke today that a crane had fallen in New York City I immediately went to the web in search of video footage. CNN was my first stop. As expected, they had a video clip at the top of the page.
The next two minutes were a stunning realization of all that is wrong with the current attempts to monetize online video. The clip was 75 seconds long. In order to watch the clip I had to endure a 30 second pre-roll advertisement . . . for VIAGRA! …
In Writing Down the Bones, Natalie Goldberg’s classic collection of meditations on finding the writer within, she has an essay on talking and listening with friends as a means of bringing stories to life. She says, …
As the economy continues to sour, consumers have gone on strike. For the past few months, I have been contemplating the following economic and social trends that seem to explain why.
Rising productivity is what enables companies to increase employee’s pay. Increases in pay result in the overall rise in our standard of living. However, in the last decade, this relationship between productivity and rising employee pay seems to have been fractured.
The difference between a productive day and a non-productive day is a sense of urgency. Today was a good day.