A reader's journal sharing the insights of various authors and my take on a variety of topics, most often philosophy, religion & spirituality, politics, history, economics, and works of literature. Come to think of it, diet and health, too!
Wednesday, August 11, 2021
Thoughts for the Day: Wednesday 11 August 2021
Thursday, July 8, 2021
Thoughts for the Day: Thursday 8 July 2021
In the Federalist Papers, Alexander Hamilton warned of the dangers posed by men with “talents for low intrigue and the little arts of popularity”—men who commence as demagogues and end as tyrants. Later, in a letter to President Washington, Hamilton warned that the “only path to a subversion of the republican system of the country” is by way of the ruthless demagogue who uses fear and flattery to “throw things into confusion [so] that he may ‘ride the storm and direct the whirlwind.’ (Location 2930)
Have you ever read such an apt description of . . . .? [Fill in the blank.] (I didn't have to think twice about my answer, although he has many imitators now waiting in the wings.)
Saturday, June 26, 2021
Thoughts for the Day: 26 June 2021
“Ignorance of the law is no excuse,” according to a universal legal maxim. It is asking a great deal, both of legal insiders and of those without. It demands that ordinary persons have a general understanding of legal principles, at least as far as their own affairs are concerned. The Digest [Roman legal precepts] and the Talmud are huge storehouses of concepts, and to be required to have even a sketchy idea of them is a powerful stimulus to learning abstractions. What is less obvious, but equally important, is that the maxim imposes a heavy burden on the law itself. Legal concepts must be, in some sense, comprehensible at large. No formulas, no flow charts, no diagrams. Despite a common impression to the contrary, the law cannot possibly be a tangle of esoteric rules that invariably need resort to a lawyer to understand or to have understood on one’s behalf. Since the point of the law is to order ordinary affairs, the language in which the rules are expressed must be substantially that of ordinary life.
Wednesday, June 23, 2021
The Price of Peace by Zachary Carter & The Time of the Magicians by Wolfram Eilenberger
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One of the best books of 2020 |
"The real struggle of today…is between that view of the world, termed liberalism or radicalism, for which the primary object of government and of foreign policy is peace, freedom of trade and intercourse, and economic wealth, and that other view, militarist, or, rather, diplomatic, which thinks in terms of power, prestige, national or personal glory, the imposition of a culture, and hereditary or racial prejudice. . . . The great threat facing liberalism was not socialism but the thirst for military domination. “Soldiers and diplomatists—they are the permanent, the immortal foe.” (John Maynard Keynes, “On the Way to Genoa: What Can the Conference Discuss and with What Hope?,” The Manchester Guardian, April 10, 1922; CW, vol. 17, 373.)The Price of Peace (p. xvii-iii). Random House Publishing Group. Kindle Edition.
Keynes was a philosopher of war and peace, the last of the Enlightenment intellectuals who pursued political theory, economics, and ethics as a unified design. He was a man whose chief project was not taxation or government spending but the survival of what he called “civilisation”—the international cultural milieu that connected a British Treasury man to a Russian ballerina
Id.(p. xviii).
[S]o the manuscript Keynes had helped salvage from a POW camp in Cassino, Italy [Wittegenstein's Tractatus], pushed Keynes out of the philosophy business. A Treatise on Probability was debated avidly by the leading lights of Cambridge philosophy but quickly fell out of favor. Wittgenstein’s work, meanwhile, became the foundational text of analytic philosophy—a school of thought that still dominates English-speaking philosophy departments, in which language itself is understood to be the source of all truths that philosophers can uncover.
Id.(p. 116).
Price instability undermined the public’s faith in its government and its institutions; failing to control it would, Keynes told the Treasury, “strike at the whole basis of contract, of security, and of the capitalist system generally.”
Id. (p. 129).
Governments would find themselves forced to choose between maintaining a stable exchange rate and a stable price level. When the choice came, Keynes argued, there should be no hesitation: Keep prices stable, and adjust exchange rates. It might be true that “over the long run,” rashes of inflation and deflation would burn themselves out. “But this long run is a misleading guide to current affairs,” Keynes observed. “In the long run, we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.” (A Tract on Monetary Reform (London: Macmillan, 1924, p. 80.)
Id. (p. 130).
Money existed to be spent on finer things: the pursuit of Apostolic “good states of mind.” From his undergraduate days to his deathbed, Keynes believed that these were not exclusive goods. One man living a good life did not detract from another’s ability to live well any more than one person’s enjoyment of a painting would ruin another’s ability to appreciate it.
Id. (p. 146).
[A] snapshot of Keynes’ view of economics in the hierarchy of intellectual pursuits. Ethics—by which Keynes meant the elements that made up a good life—were a more important consideration for public policy than economics, the field that had made Keynes famous. The remains of his early reverence for Edmund Burke is evident in the note’s distinct modesty of ambition. Even when imagining the “ideal future of society,” Keynes could only envision striking a balance between what was “tolerable” and what was “not intolerable.” Keynes had in truth already been working on his political theory project for some time.
Id. (p. 149).
He was forging a new set of philosophical foundations for twentieth-century society. He announced the program across the top of the page: “Prolegomena to a New Socialism—The Origins and End of Laissez-Faire.” Keynes had an ambiguous relationship with the word socialism. Sometimes he deployed it as an epithet; in other moods, he used it to describe a progressive ideal.
Id. (p. 149).
H
Monday, June 14, 2021
Thoughts for the Day: Monday 14 June 2021
Wednesday, June 9, 2021
Thoughts for the Day: Wednesday 9 June 2021