When money changes, everything else anchored on money starts to change as well. Prices being the most obvious one, but crucially, not the only one.
1/ Wow, what an essay, trying to distill thoughts from this masterpiece: https://t.co/bxR3cnNJrM
Hat tip: @NSKinsella
The essay is about inflation's effect on culture, through the analysis of a short story set in Weimar Germany. I've selected some quotes and will comment.
When money changes, everything else anchored on money starts to change as well. Prices being the most obvious one, but crucially, not the only one.
The insanity and disorder of society, in other words, can be traced back to monetary policy.
Unreal, in this sense is counterfeit or fake. Societal attitudes become as fake as the money we use because it no longer just represents value provided, but also value fraudulently obtained.
Money helps us to know where we can expend our labor to best provide value. If our sense of value is skewed, we will no longer properly value our labor, time or energy.
Fake money leads to fake values leads to fake people.
Relativism develops because there are no anchors, no fixed values. That comes from a constantly changing money.
Bad money causes uncertainty and uncertainty makes everyone become a lot more high time preference.
Low time preference saving and working are spurned in favor of hitting it big on one big gamble.
Postmodern art, in particular, is all about representing itself and not anything else. Its value is derived from itself. It's literally fiat art.
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1/10 With respect, multiple straw men here:
A) If you mean by "legally questionable" either that Senate is barred by constitution from trying an official impeached while in office, or that there are even very strong arguments against it, I have to differ...
2/10 Constitutional structure, precedent & any fair reading of original intent dictate that argument for jurisdiction is far stronger than argument against. On original intent, see
3/10 If you mean argument against jurisdiction is plausible, sure, it's plausible. It's just weak. In practical fact, Senate can try Trump now, find him guilty & disqualify him from future office if there are sufficient votes. And no court would presume to overturn that result
4/10 b) The argument from resources is awfully hard to take seriously. Fewer than a dozen House members act as Managers for a few weeks. They are staffed, as are Senators hearing case, by folks whose job it is to do stuff like this...
5/10 Yes, Senate floor time will be taken up. But it's past time for us to stop thinking of members of either house as feeble, fluttering, occupants of a nationally-funded convalescent home. There are nearly 500 of these people with 1000s of staff and a bunch of big buildings...
A) If you mean by "legally questionable" either that Senate is barred by constitution from trying an official impeached while in office, or that there are even very strong arguments against it, I have to differ...
Some argue that if the Senate declines to hold a legally questionable, resource-sucking trial, Trump would be getting a free pass. That assumes criminal authorities do nothing and citizens can't be trusted to evaluate. Censure and focus important work?
— Ross Garber (@rossgarber) January 22, 2021
2/10 Constitutional structure, precedent & any fair reading of original intent dictate that argument for jurisdiction is far stronger than argument against. On original intent, see
3/10 If you mean argument against jurisdiction is plausible, sure, it's plausible. It's just weak. In practical fact, Senate can try Trump now, find him guilty & disqualify him from future office if there are sufficient votes. And no court would presume to overturn that result
4/10 b) The argument from resources is awfully hard to take seriously. Fewer than a dozen House members act as Managers for a few weeks. They are staffed, as are Senators hearing case, by folks whose job it is to do stuff like this...
5/10 Yes, Senate floor time will be taken up. But it's past time for us to stop thinking of members of either house as feeble, fluttering, occupants of a nationally-funded convalescent home. There are nearly 500 of these people with 1000s of staff and a bunch of big buildings...