[Allan from Fallbrook]

Dan: Amazingly prescient quote, isn’t it? Interesting use of the word “technology” in a quote dated 1867. What sort of “technology” or “technologies” do you suppose Marx was referring to? Toaster ovens? BMW 5 Series autos? Laptops? You just don’t get the sense that the word “technology” is antediluvian when it comes to our favorite 19th century German econo-revolutionary.

I’d also be curious to see the cite specifying the page and paragraph where this quote is found in Das Kapital.

“Workers of the World Unite!”

[Allan from Fallbrook]

Gandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.

Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.

My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.

[Allan from Fallbrook]

Gandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.

Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.

My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.

[Allan from Fallbrook]

Gandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.

Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.

My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.

[Allan from Fallbrook]

Gandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.

Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.

My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.

[Allan from Fallbrook]

Gandalf: Are we back to the Volvo thing again? Dude, it’s gotta be silver, and dump that KPBS license plate holder in favor of the black Oakland Raiders version. It’ll make that Volvo baaaaadasssss.

Joking aside, I’ll profess to having a few “oh, shit” moments when I watch these events unfolding. I’ve got two kids and the thought of what might happen scares the shit out of me.

My uncle, who was a Marine fighter pilot in WWII and Korea and an investment banker later, had two pictures on his credenza. One was of Pearl Harbor a few days after the Japanese attack in 1941 when it was a smoking ruin and the other was of Pearl Harbor in late 1945 after the Japanese surrender, when the base had been completely rebuilt and was filled with hundreds of US Navy ships. He told me he kept those pictures as a reminder that, no matter how bad things appeared, with hard work, persistence and sheer dumb luck, you’d pull through. I’m hoping that’s true.

[Allan from Fallbrook]

Gandalf: Short answer? I have no friggin’ idea. We appear to be playing out of the Japanese playbook, circa 1990, and we all know how that worked out.

I believe that large-scale infrastructure spending is definitely needed in this country, especially in light of the fact that much of our highway and road network dates back to the Eisenhower Administration. However, if you look at the stimulus package, much of the spending isn’t big enough or well targeted enough to have the necessary impact.

As far as “quantitative easing” goes: Well, that’s just short hand for printing money, right? From an Econ101 standpoint, I do remember that running the printing presses long enough would probably generate sufficient inflation to enable significant debt destruction. It seems that Bernanke and Company are trying to kickstart M0 (the so-called “power money”) and break through or out of the credit crunch and they’re gonna run the printing presses till they do, or die trying.

Will any of this work? Like I said, I have no friggin’ idea. But I will say that I don’t see the US going fascist. Not to draw any odious comparisons to the 1930s, but they’re instructive at least in the sense of the divergent directions that the US and most of Europe took.

The US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”.

I think that life as we know it will profoundly change and for the better. I think a simpler, less materialistic lifestyle will do all of us some good, especially the Lexus driving, latte quaffing, narcissistic pricks in the group.

I think San Diego RE rebounds fully on the 2nd of March, 2012 at 11:17a. Just guessing there.

[Allan from Fallbrook]

Gandalf: Short answer? I have no friggin’ idea. We appear to be playing out of the Japanese playbook, circa 1990, and we all know how that worked out.

I believe that large-scale infrastructure spending is definitely needed in this country, especially in light of the fact that much of our highway and road network dates back to the Eisenhower Administration. However, if you look at the stimulus package, much of the spending isn’t big enough or well targeted enough to have the necessary impact.

As far as “quantitative easing” goes: Well, that’s just short hand for printing money, right? From an Econ101 standpoint, I do remember that running the printing presses long enough would probably generate sufficient inflation to enable significant debt destruction. It seems that Bernanke and Company are trying to kickstart M0 (the so-called “power money”) and break through or out of the credit crunch and they’re gonna run the printing presses till they do, or die trying.

Will any of this work? Like I said, I have no friggin’ idea. But I will say that I don’t see the US going fascist. Not to draw any odious comparisons to the 1930s, but they’re instructive at least in the sense of the divergent directions that the US and most of Europe took.

The US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”.

I think that life as we know it will profoundly change and for the better. I think a simpler, less materialistic lifestyle will do all of us some good, especially the Lexus driving, latte quaffing, narcissistic pricks in the group.

I think San Diego RE rebounds fully on the 2nd of March, 2012 at 11:17a. Just guessing there.

[Allan from Fallbrook]

Gandalf: Short answer? I have no friggin’ idea. We appear to be playing out of the Japanese playbook, circa 1990, and we all know how that worked out.

I believe that large-scale infrastructure spending is definitely needed in this country, especially in light of the fact that much of our highway and road network dates back to the Eisenhower Administration. However, if you look at the stimulus package, much of the spending isn’t big enough or well targeted enough to have the necessary impact.

As far as “quantitative easing” goes: Well, that’s just short hand for printing money, right? From an Econ101 standpoint, I do remember that running the printing presses long enough would probably generate sufficient inflation to enable significant debt destruction. It seems that Bernanke and Company are trying to kickstart M0 (the so-called “power money”) and break through or out of the credit crunch and they’re gonna run the printing presses till they do, or die trying.

Will any of this work? Like I said, I have no friggin’ idea. But I will say that I don’t see the US going fascist. Not to draw any odious comparisons to the 1930s, but they’re instructive at least in the sense of the divergent directions that the US and most of Europe took.

The US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”.

I think that life as we know it will profoundly change and for the better. I think a simpler, less materialistic lifestyle will do all of us some good, especially the Lexus driving, latte quaffing, narcissistic pricks in the group.

I think San Diego RE rebounds fully on the 2nd of March, 2012 at 11:17a. Just guessing there.

[Allan from Fallbrook]

Gandalf: Short answer? I have no friggin’ idea. We appear to be playing out of the Japanese playbook, circa 1990, and we all know how that worked out.

I believe that large-scale infrastructure spending is definitely needed in this country, especially in light of the fact that much of our highway and road network dates back to the Eisenhower Administration. However, if you look at the stimulus package, much of the spending isn’t big enough or well targeted enough to have the necessary impact.

As far as “quantitative easing” goes: Well, that’s just short hand for printing money, right? From an Econ101 standpoint, I do remember that running the printing presses long enough would probably generate sufficient inflation to enable significant debt destruction. It seems that Bernanke and Company are trying to kickstart M0 (the so-called “power money”) and break through or out of the credit crunch and they’re gonna run the printing presses till they do, or die trying.

Will any of this work? Like I said, I have no friggin’ idea. But I will say that I don’t see the US going fascist. Not to draw any odious comparisons to the 1930s, but they’re instructive at least in the sense of the divergent directions that the US and most of Europe took.

The US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”.

I think that life as we know it will profoundly change and for the better. I think a simpler, less materialistic lifestyle will do all of us some good, especially the Lexus driving, latte quaffing, narcissistic pricks in the group.

I think San Diego RE rebounds fully on the 2nd of March, 2012 at 11:17a. Just guessing there.

[Allan from Fallbrook]

Gandalf: Short answer? I have no friggin’ idea. We appear to be playing out of the Japanese playbook, circa 1990, and we all know how that worked out.

I believe that large-scale infrastructure spending is definitely needed in this country, especially in light of the fact that much of our highway and road network dates back to the Eisenhower Administration. However, if you look at the stimulus package, much of the spending isn’t big enough or well targeted enough to have the necessary impact.

As far as “quantitative easing” goes: Well, that’s just short hand for printing money, right? From an Econ101 standpoint, I do remember that running the printing presses long enough would probably generate sufficient inflation to enable significant debt destruction. It seems that Bernanke and Company are trying to kickstart M0 (the so-called “power money”) and break through or out of the credit crunch and they’re gonna run the printing presses till they do, or die trying.

Will any of this work? Like I said, I have no friggin’ idea. But I will say that I don’t see the US going fascist. Not to draw any odious comparisons to the 1930s, but they’re instructive at least in the sense of the divergent directions that the US and most of Europe took.

The US possesses the world’s largest military, we are still the world’s reserve currency (for as long as that lasts), we have abundant natural resources and enjoy (to steal the British term) “splendid isolation”.

I think that life as we know it will profoundly change and for the better. I think a simpler, less materialistic lifestyle will do all of us some good, especially the Lexus driving, latte quaffing, narcissistic pricks in the group.

I think San Diego RE rebounds fully on the 2nd of March, 2012 at 11:17a. Just guessing there.

[Allan from Fallbrook]

Duke: The irony here is: So what? Who cares how smart Obama is or how stupid Bush was? The problems we’re facing now are so far outside of our capabilities to handle them it beggars description.

In case no one has noticed, the FED has been throwing stupefyingly large sums of money at this problem, and to no avail. This is a worldwide problem and there are no easy solutions, in point of fact, there may be no solutions at all that work.

I think Obama is no different than any other politician, but that really doesn’t matter. The fact that I think he’s doing his level best doesn’t matter, either. All of the lofty rhetoric in the world ain’t gonna talk us out of this one. He could be friggin’ Pericles of Athens giving the finest oration the world has ever seen and it doesn’t matter.

Let’s also be clear and fair about one thing: This economic train wreck has been approximately three decades in the making, so let’s not throw it at Bush’s feet. He has plenty that he should answer for, but not this.

[Allan from Fallbrook]

Duke: The irony here is: So what? Who cares how smart Obama is or how stupid Bush was? The problems we’re facing now are so far outside of our capabilities to handle them it beggars description.

In case no one has noticed, the FED has been throwing stupefyingly large sums of money at this problem, and to no avail. This is a worldwide problem and there are no easy solutions, in point of fact, there may be no solutions at all that work.

I think Obama is no different than any other politician, but that really doesn’t matter. The fact that I think he’s doing his level best doesn’t matter, either. All of the lofty rhetoric in the world ain’t gonna talk us out of this one. He could be friggin’ Pericles of Athens giving the finest oration the world has ever seen and it doesn’t matter.

Let’s also be clear and fair about one thing: This economic train wreck has been approximately three decades in the making, so let’s not throw it at Bush’s feet. He has plenty that he should answer for, but not this.

[Allan from Fallbrook]

Duke: The irony here is: So what? Who cares how smart Obama is or how stupid Bush was? The problems we’re facing now are so far outside of our capabilities to handle them it beggars description.

In case no one has noticed, the FED has been throwing stupefyingly large sums of money at this problem, and to no avail. This is a worldwide problem and there are no easy solutions, in point of fact, there may be no solutions at all that work.

I think Obama is no different than any other politician, but that really doesn’t matter. The fact that I think he’s doing his level best doesn’t matter, either. All of the lofty rhetoric in the world ain’t gonna talk us out of this one. He could be friggin’ Pericles of Athens giving the finest oration the world has ever seen and it doesn’t matter.

Let’s also be clear and fair about one thing: This economic train wreck has been approximately three decades in the making, so let’s not throw it at Bush’s feet. He has plenty that he should answer for, but not this.

[Allan from Fallbrook]

Duke: The irony here is: So what? Who cares how smart Obama is or how stupid Bush was? The problems we’re facing now are so far outside of our capabilities to handle them it beggars description.

In case no one has noticed, the FED has been throwing stupefyingly large sums of money at this problem, and to no avail. This is a worldwide problem and there are no easy solutions, in point of fact, there may be no solutions at all that work.

I think Obama is no different than any other politician, but that really doesn’t matter. The fact that I think he’s doing his level best doesn’t matter, either. All of the lofty rhetoric in the world ain’t gonna talk us out of this one. He could be friggin’ Pericles of Athens giving the finest oration the world has ever seen and it doesn’t matter.

Let’s also be clear and fair about one thing: This economic train wreck has been approximately three decades in the making, so let’s not throw it at Bush’s feet. He has plenty that he should answer for, but not this.

[Author]

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