Daily Archives: October 15, 2014

Potpourri.

Take one.- On life and change

I got it. We are short of sex, drugs and rock and roll yet again.  And we want to laugh, or at least smile, as well. My posts are only about problems and quandaries. Things are certainly not looking good -but who needs a pessimist to remind us? After all we should not forget we are human beings. As Mark Twain said, “denial (sounds like but) is not a river in Egypt”. It is a behavioural pattern embedded in the human standard ADN. And partnering our life with it won’t make us happy -if we live a time of change.

But denial is always the initial reaction to any perceived problem. Society lives in denial right now. The good times will come back. Debt will be repaid. I will buy a third car again, as soon as this is over. My readers are yelling at me: “I promise I will read you again, but please, please tell me everything is going to be OK. I desperately need some hope”.

I will try hard. But the times they are a-changing. I can’t change that. Nobody can (not even omnipotent central bankers). So what if we change horses, sacrifice “denial”,  and ride “Audacity” or “Intrepid”. They are beautiful horses, even  if somewhat brisk. What if we look at the future challenges as an adventure. What if we pull ourselves together and just relax. It’s hardly the first time humanity confronts serious change.

As Von Mises (not me) clearly stated more than sixty years ago, there is no way out of a credit expansion. The only alternative is whether we take the bitter medicine now or later. And yes, I know, later is always the preferred option. Not mine: I’d rather get done with it. There will be a bright future, but only if we do our homework first. Isn’t that what we tell our kids at home?

Be careful with indefinite postponement. The lyrics of Bob Dylan are hard to ameliorate. This song was written in 1963! It is a masterpiece. Superb. If somebody was able to write this, it surely is a reason to be optimistic. Unfortunately it does not offer an alternative to change. It just says: do not obstruct it. Go with the flow. Continue reading