“There is no reason to suppose that they [central bankers] understand the modern financial system and economy to any greater extent than they did in 2007 (that is to say, not at all). Nevertheless, they plow ahead, expressing total confidence that what they are saying and doing is wise and not dangerous drivel.
“It is unlikely that these unprecedented and experimental government policies of such gargantuan scope will actually create the desired result and allow themselves to be able to be unwound without great shock and disruption to the global financial system.”— Paul Singer, 2014
Archive for February, 2021
Saturday, February 27th, 2021
Saturday, February 6th, 2021
Earlier this week, Dana and I traveled to Ohio with Terie to pay tribute to her grandmother, Jane. I like to point out that Dana found only one satisfactory mate in life, but she was blessed to have two first-class mothers-in-law. Saints, like all human beings, have imperfections, although they best emulate the only perfect example known to us, and show us how to live. Jane was that kind of person.
It was an emotional trip for another reason. Jane’s street-level funeral procession, from Moraine to North Dixie Highway, will stick with me for a long time. I can’t recall ever having seen such a disturbing progression of urban blight than what I witnessed from the back seat as Dana drove. We were all acutely aware of our surroundings. Every red light was bypassed within the supervision of local police. The steady, harrowing vision outside was that of a sad wreck — a city that I knew so well in the ’80s as Dayton, Ohio.
“Oh, the humanity . . .” (in the true spirit of the original lament)
Wednesday, February 3rd, 2021
Jane Lou Hovis Willoughby Booton
1 9 2 5 – 2 0 2 1
a life of faith, kindness, strength, and dignity
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