Posts Tagged ‘Eleanor Roosevelt’
“Anyone who lives within their means suffers from a lack of imagination”*…
A remarkable true tale from the always-illuminating folks at Planet Money…
This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked.
Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At that rate, if eggs cost $1 one day, they’ll cost $2 a month later. If it keeps up for a year, they’ll cost $1,000…
“How Fake Money Saved Brazil,” from @planetmoney and @NPR.
For an even more complete telling, listen to the podcast: “How Four Drinking Buddies Saved Brazil.”
* Oscar Wilde
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As we follow the money, we might recall that it was on this date in 1941, in his State of the Union Address, the president Franklin D. Roosevelt outlined the Four Freedoms— the fundamental values of democracy: freedom of speech, freedom of worship, freedom from want, freedom from fear. These precepts were furthered by Eleanor Roosevelt, who incorporated them into the Preamble to the United Nations Universal Declaration of Human Rights.

“Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist”*…
This is probably the most exciting and fruitful time ever to become an aspiring economist. Why? Because economics is reaching its Copernican Moment – the moment when it is finally becoming clear that the current ways of thinking about economic behavior are inadequate and a new way of thinking enables us to make much better sense of our world. It is a moment fraught with danger, because those in power still adhere to the traditional conventional wisdom and heresy is suppressed…
We are gradually reaching the same sort of stunning realization that Copernicus must have reached before writing his revolutionary book “On the Revolutions of the Celestial Spheres”: What if we can’t get there from here? What if incremental fixes don’t permit a major new leap in our understanding? What if we need to encounter the world afresh?
Fortunately, we now have access to a powerful body of thought that can guide this new encounter. The evolution of our natural world can be understood in terms of variation, replication and selection. The evolution of ideas can be understood in such terms as well: new ideas keep cropping up; they are transmitted from person to person; and the ideas that get selected to survive are often to be ones that enable us to navigate our environment most effectively. Selection can act not only on individuals, but also on groups. “Selfishness beats altruism within groups. Altruistic groups beat selfish groups. Everything else is commentary.”(E.O. Wilson and D.S. Wilson (2007), “Rethinking the Theoretical Foundations of Sociobiology,” Quarterly Review of Biology, 82(4), 327-348) The level of functional organization thus depends on the relative strength of within- and between-group selection.
This is a different starting point from the one underlying mainstream economics. The discipline of economics is based on classical physics, i.e. the inanimate world. Evolution, by contrast, is appropriate to the animate world. Not a bad point of departure for economics. After all, humans are living creatures. If we choose this path, economics will be reaching its Darwinian – not Copernican – Moment…
There is change in the air. Dennis Snower (@DJSnower) explains why “Economics Nears a New Paradigm.”
For a cautionary reminder that while this time might be different, we’ve started down this road before, see Kwame Anthony Appiah‘s piece on Thorstein Veblen, “The Prophet of Maximum Productivity.”
And for an oddly resonant, but different challenge to economic orthodoxy, see Ethereum founder Vitalik Buterin‘s recent “Endnotes on 2020: Crypto and Beyond.”
* economist and co-founder of General Systems Theory Kenneth Boulding
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As we recalibrate, we might recall that it was on this date in 1941, in his State of the Union Address, the president Franklin D. Roosevelt outlined the Four Freedoms— the fundamental values of democracy: freedom of speech, freedom of worship, freedom from want, freedom from fear. These precepts were furthered by Eleanor Roosevelt, who incorporated them into the Preamble to the United Nations Universal Declaration of Human Rights.
Looking back…
…if you think that, in the past, there was some golden age of pleasure and plenty to which you would, if you were able, transport yourself, let me say one single word: “dentistry.”
– P.J. O’Rourke, All the Trouble in the World
Still, nostalgia has its uses. The economy seems poised for another dip in the tank; the weather is delivering hotter, wetter warnings of the wages of climate disruption; health care costs are reaching escape velocity; education and infrastructure are (literally) crumbling, as state funding implodes… one could go on.
Instead, one turns one’s gaze to the past; one conjures up the remembered comforts of times gone by: “it didn’t use to be this way”… As P.J. O’Rouke suggests, it’s more often that not the flimsiest kind of illusion– out-of-context features of a whole-cloth past, selectively recalled (indeed, too often imagined), then amplified by the need for consolation.
Still, one does it– one “remembers”– because… well, because it’s what one does.
And so, Dear Readers, three “seed crystals”– three blasts from the past– that can, your correspondent hopes, help one (as they’ve helped him) spin stories that amuse, even as they help us find our way past the challenges that are the stuff of our days…
First, from the ever-informative Brain Pickings, “7 Must-See What’s My Line Episodes“:
The premise of the show was simple: In each episode, a contestant would appear in front of a panel of blindfolded culture pundits — with few exceptions, a regular lineup of columnist Dorothy Kilgallen, actress Arlene Francis, Random House founder Bennett Cerf, and a fourth guest panelist — who would try to guess his or her “line” of work or, in the case of famous “mystery guests,” the person’s identity, by asking exactly 10 yes-or-no questions. A contestant won if he or she presented the panel with 10 “no” answers.
Over the 17-year run of the show, nearly every iconic cultural luminary of the era, from presidents to pop stars, appeared as a mystery guest…
Indeed, over it’s 17 year run through the 50s and early 60s, WML was basically the only media property that could “have” any celebrity or cultural figure. (Sullivan could out-book WML on the entertainment front, but only there.) This was perhaps largely due to the involvement of Random House founder Bennett Cerf who, through his deep connections in the journalism and media world, was but a Kevin-Bacon’s-breath away from essentially any public figure. In any case, no one said “no” to WML.
BP has curated seven of the very best examples of this pull: Alfred Hitchcock, Lucille Ball, Eleanor Roosevelt, Jean Desmond (a girdle tester), Walt Disney, host John Daly (in an early example of meta-comedy), and…
See them all here.
Second, for somewhat younger readers, from our old friend The Selvedge Yard, a look back at The Rolling Stones when they were still “The Rolling Stones.” TSY muses on the theme of this missive:
When I’m feeling roadworn, forlorn, or the subject of scorn– nothing takes me to my happy place faster than great old pics of guitar porn. I came across the below Stones’ porn pic sifting through the internets and became mesmerized by the artfully haphazard array of axes. You can almost smell the sweat, smoke and stale beer as you gaze at the overturned cans, ash, and listing guitars.
The late ’60s – early ’70s was an epic time for the Rolling Stones, and Rock & Roll as a whole. It was a time I largely missed (being born in 1970), but feel like I experienced, partially at least, vicariously through my mom. She was a music junkie, went to Woodstock, worshipped Janis Joplin.

The Stones' Guitars

Berlin, 1965
Many more here.
And finally, for younger readers still, a glance back at the 80s and one of that decade’s indelible icons: from Walyou, “16 Cool Mr. T Themed Designs.”
For those who grew up on the A-Team TV Show or are big fans of Rocky, Mr. T will always be a memorable personality which is simply larger than life. Although you do not see him as much in TV or movies these days, he is still a personality to be reckoned with.
This collection of 16 Mr. T designs includes various pieces of art, design, products and more which prove that Mr T is still popular today, and if you don’t agree…then I pity the fool.

Mr T Cookie Jar

Mr. T Infographic
See the rest here.
As we stroll down memory lane, we might recall that it was on this date in 1905 that Ty Cobb, “The Georgia Peach” made his major league debut; playing for the Detroit Tigers, he doubled off the New York Highlanders’s (later Yankees) Jack Chesbro, who had won a record 41 games the previous season.
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