I am sorry I was late writing about you!! Ack, ack, ack. Craig Crawford hit my blog twice this week including today!!!
All my friends came to see me at my blog.
And I was just thinkin' how is Bwak doin today?
hahahahahahaha
mine never ends, but its been good
The modern economy, weekend jobs, night jobs and day jobs.
I am glad you had a good week. Care to elaborate?
oh my
he did?
I will take a er, gander
=D
I was at work and have a house full of youngsters. I am hiding out over there.
I am gonna mosey on over and try again to chat. I have tried a few times but before I can register my name, I get booted. :o( Lingr doesn't like my ISP. I don't like my ISP either, but it's the only one available.
Hi Bwak - just thought I'd bring this up here: I jump quickly to conclusions/interpretations and forget myself - so what were you talking about when you referred to 'slow' economics yesterday?
This was my introduction to the concept. It sounded good to me, but I'd appreciate an expert's take on it.
'expert' - you're going to have to ask someone more qualified... hahah.
but thanks for this. A quick first thought
- just took a look around and found this quote from this guy Tasch:
"There is such a thing as money that is too fast, companies that are too big, intermediation that is too complex."
- which is easy to agree with, unless you have your head too far up your theoretical butt.
Yet then he jumps to this
"Slow money poses the question: What would the
world be like if everyone invested 50 percent of their assets within 50 miles of where they live?"
- which is a pretty big jump.
I certainly wouldn't try to invest like that, but I'm very risk-averse. The point of having banks is to have financial intermediaries that diversify the risk to savers so that they don't face the loss of a huge part of their savings (ok, they've not done a good job of that recently but I think that's a different point). If I had been living in Detroit or New Orleans, I'd be glad not to have the value of my assets depend solely on the very local economy.
That said, Tasch's ultimate goal - an environmentally sustainable and healthy food market, for instance, needs a lot of different government and grass-roots action to set up. Moving investors somewhat in this localized direction sounds good. Don't know how much success he's having. But I'll look around some more...
Good Point. I remember reading Wendell Berry's arguments for "local" economies, and they struck me as being sound. You summed up nicely the other side of that coin. It seems that for the truly risk adverse, having some investment in a local community that can sustain a society is a smart investment. Of course, er, stuff happens, so having access to goods and services outside ones locality is also a wise move.
I guess sound economies are never "all or nothing."
Bwak - some nice quotes in your direction from Adam Smith (Wealth of Nations):
"IV.2.6 Thus, upon equal or nearly equal profits, every wholesale merchant naturally prefers the home-trade to the foreign trade of consumption, and the foreign trade of consumption to the carrying trade. In the home-trade his capital is never so long out of his sight as it frequently is in the foreign trade of consumption. He can know better the character and situation of the persons whom he trusts, and if he should happen to be deceived, he knows better the laws of the country from which he must seek redress. [...] e generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."
- btw, its one of only two relevant occurrences of 'invisible hand' in his work. I.e. The invisible hand is ON YOUR SIDE... ack!
(thunk!)
Help! I am being enlightened!!
=D
well by good week I mean that after getting my three paychecks I was able to pay my bills and still have enough left for a pack of cigarettes and a six pack
Yes, that is a good week. I am sorry you have to work so hard, lostboy. I actually, for once, do not have a pile of work to do this weekend. (Unless you count housework--it's spring cleaning time!)
Ack!!
Hey Lostboy, if you had enough left over for a six pack and cigs, you are doin all right.
I like your attitude!!!
It don't happen often enough for my taste . It's only once or twice a month.
I'm glad you like my attitude it's the only one I have and I'm to old to change it. hahaha
I had a very good week. I am a public defender. This week I had one case, an alleged armed robbery, reduced to a disorderly conduct on the day of trial and my client walked out with no jail and no record. Another case, an alleged gang rape, was dismissed by the district attorney in the interest of justice after 2 years of litigation.
I'd say that's pretty sweet. Though perhaps not for the other residents of my borough!
Protecting peoples is sweet, AG. I'm sure a lot of people say mean things about PDs, but I think they are modern day heroes.
Thanks for protecting my freedom.
I woke up everyday this week, while I was awake, stuff happened, I went to bed and I woke up again. I'm at that age when all is said and done, waking up always makes for a fantastic day week, month, year....
:):)
Well, that's a great attitude. Thanks for dropping in.
=D
updating dash, nothing to see here
Also.
And also.
We have to quit meeting like this. I keep ending up in the wrong month.
I am sorry I was late writing about you!! Ack, ack, ack. Craig Crawford hit my blog twice this week including today!!!
All my friends came to see me at my blog.
And I was just thinkin' how is Bwak doin today?
hahahahahahaha
March 13, 2009 8:07 PM | Reply | Permalink
mine never ends, but its been good
March 13, 2009 8:11 PM | Reply | Permalink
The modern economy, weekend jobs, night jobs and day jobs.
I am glad you had a good week. Care to elaborate?
March 14, 2009 10:01 AM | Reply | Permalink
oh my
he did?
I will take a er, gander
=D
I was at work and have a house full of youngsters. I am hiding out over there.
March 13, 2009 8:12 PM | Reply | Permalink
I am gonna mosey on over and try again to chat. I have tried a few times but before I can register my name, I get booted. :o( Lingr doesn't like my ISP. I don't like my ISP either, but it's the only one available.
March 13, 2009 9:11 PM | Reply | Permalink
Hi Bwak - just thought I'd bring this up here: I jump quickly to conclusions/interpretations and forget myself - so what were you talking about when you referred to 'slow' economics yesterday?
March 14, 2009 10:06 AM | Reply | Permalink
http://www.npr.org/blogs/money/2009/03/the_nature_of_slow_money.html
=D
This was my introduction to the concept. It sounded good to me, but I'd appreciate an expert's take on it.
March 14, 2009 10:27 AM | Reply | Permalink
'expert' - you're going to have to ask someone more qualified... hahah.
but thanks for this. A quick first thought
- just took a look around and found this quote from this guy Tasch:
"There is such a thing as money that is too fast, companies that are too big, intermediation that is too complex."
- which is easy to agree with, unless you have your head too far up your theoretical butt.
Yet then he jumps to this
"Slow money poses the question: What would the
world be like if everyone invested 50 percent of their assets within 50 miles of where they live?"
- which is a pretty big jump.
I certainly wouldn't try to invest like that, but I'm very risk-averse. The point of having banks is to have financial intermediaries that diversify the risk to savers so that they don't face the loss of a huge part of their savings (ok, they've not done a good job of that recently but I think that's a different point). If I had been living in Detroit or New Orleans, I'd be glad not to have the value of my assets depend solely on the very local economy.
That said, Tasch's ultimate goal - an environmentally sustainable and healthy food market, for instance, needs a lot of different government and grass-roots action to set up. Moving investors somewhat in this localized direction sounds good. Don't know how much success he's having. But I'll look around some more...
March 14, 2009 11:02 AM | Reply | Permalink
Good Point. I remember reading Wendell Berry's arguments for "local" economies, and they struck me as being sound. You summed up nicely the other side of that coin. It seems that for the truly risk adverse, having some investment in a local community that can sustain a society is a smart investment. Of course, er, stuff happens, so having access to goods and services outside ones locality is also a wise move.
I guess sound economies are never "all or nothing."
March 14, 2009 11:37 AM | Reply | Permalink
Bwak - some nice quotes in your direction from Adam Smith (Wealth of Nations):
"IV.2.6 Thus, upon equal or nearly equal profits, every wholesale merchant naturally prefers the home-trade to the foreign trade of consumption, and the foreign trade of consumption to the carrying trade. In the home-trade his capital is never so long out of his sight as it frequently is in the foreign trade of consumption. He can know better the character and situation of the persons whom he trusts, and if he should happen to be deceived, he knows better the laws of the country from which he must seek redress. [...] e generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."
- btw, its one of only two relevant occurrences of 'invisible hand' in his work. I.e. The invisible hand is ON YOUR SIDE... ack!
March 14, 2009 12:07 PM | Reply | Permalink
(thunk!)
Help! I am being enlightened!!
=D
March 14, 2009 12:13 PM | Reply | Permalink
well by good week I mean that after getting my three paychecks I was able to pay my bills and still have enough left for a pack of cigarettes and a six pack
March 14, 2009 11:45 AM | Reply | Permalink
Yes, that is a good week. I am sorry you have to work so hard, lostboy. I actually, for once, do not have a pile of work to do this weekend. (Unless you count housework--it's spring cleaning time!)
Ack!!
March 14, 2009 12:15 PM | Reply | Permalink
Hey Lostboy, if you had enough left over for a six pack and cigs, you are doin all right.
I like your attitude!!!
March 15, 2009 10:50 AM | Reply | Permalink
It don't happen often enough for my taste . It's only once or twice a month.
I'm glad you like my attitude it's the only one I have and I'm to old to change it. hahaha
March 15, 2009 11:04 AM | Reply | Permalink
I had a very good week. I am a public defender. This week I had one case, an alleged armed robbery, reduced to a disorderly conduct on the day of trial and my client walked out with no jail and no record. Another case, an alleged gang rape, was dismissed by the district attorney in the interest of justice after 2 years of litigation.
I'd say that's pretty sweet. Though perhaps not for the other residents of my borough!
March 14, 2009 12:36 PM | Reply | Permalink
Protecting peoples is sweet, AG. I'm sure a lot of people say mean things about PDs, but I think they are modern day heroes.
Thanks for protecting my freedom.
March 14, 2009 12:52 PM | Reply | Permalink
I woke up everyday this week, while I was awake, stuff happened, I went to bed and I woke up again. I'm at that age when all is said and done, waking up always makes for a fantastic day week, month, year....
:):)
March 14, 2009 5:49 PM | Reply | Permalink
Well, that's a great attitude. Thanks for dropping in.
=D
March 15, 2009 10:40 AM | Reply | Permalink
updating dash, nothing to see here
March 19, 2009 7:48 PM | Reply | Permalink
Also.
March 26, 2009 8:46 PM | Reply | Permalink
And also.
April 5, 2009 1:00 AM | Reply | Permalink
We have to quit meeting like this. I keep ending up in the wrong month.
April 5, 2009 1:41 AM | Reply | Permalink