1. “What needs to be remembered here,” he wrote the next day, after he’d done [the trade], “is that this is $100 million. That’s an insane amount of money. And it just gets thrown around like it’s three digits instead of nine.”
2. In retrospect, their ignorance seems incredible—but, then, an entire financial system was premised on their not knowing, and paying them for this talent.
3. The ability of Wall Street traders to see themselves in their success and their management in their failure would later be echoed, when their firms, which disdained the need for government regulation in good times, insisted on being rescued by government in bad times. Success was individual achievement; failure was a social problem.
— Michael Lewis, The Big Short
See also: “Move along, nothing to see here.”
Chad Comello
libraries, culture, typewriters
Category: America (page 1 of 6)
In his book Washington’s Crossing, David Hackett Fisher writes about how the colonists responded to the dark days of the American Revolution in 1776:
This great revival grew from defeat, not from victory. The awakening was a response to a disaster. Doctor Benjamin Rush, who had a major role in the event, believed that this was the way a free republic would always work, and the American republic in particular. He thought it was a national habit of the American people (maybe all free people) not to deal with a difficult problem until it was nearly impossible. “Our republics cannot exist long in prosperity,” Rush wrote. “We require adversity and appear to possess most of the republican spirit when most depressed.”
Rush, a sort of honorary Founding Father and very distant relative of mine, was speaking to his present times but I think he also speaks to ours. I’ve said before that if we make it out of our current darkness alive, we’ll be better for it.
Trump is either hiding something so threatening to himself, or he’s criminally incompetent to be commander in chief. It is impossible yet to say which explanation for his behavior is true, but it seems highly likely that one of these scenarios explains Trump’s refusal to respond to Russia’s direct attack on our system — a quiescence that is simply unprecedented for any U.S. president in history. Russia is not our friend. It has acted in a hostile manner. And Trump keeps ignoring it all.
Trump’s Razor: when presented with competing hypothetical answers to the question of Trump’s behavior, one should select the one that makes the fewest assumptions.
Which means: Once you realize the possibility that Trump is deeply compromised, his behavior makes so much more sense.
And this, for me, is the root of our present crisis. Beneath the “America First” president totally uninterested in defending America’s democratic integrity, the businessman running a chaotic and vapid administration, the “deal maker” with no poker face whatsoever, the demagogue with no ideology but himself—beneath all that is a man in a (presently) invisible prison of his own making. Who also happens to be president of the United States.
Happy Presidents Day, everyone!
A pox upon me for never having read Ursula Le Guin before she died last week. I’ll get right on that, as her reputation is high among many different kinds of readers.
Before diving into her novels, though, I encountered her blog (an 88 year old blogging!) on which last year she posted “Constructing the Golem”, pretty thoroughly diagnosing our political moment and offering advice for overcoming it:
When he does something weird (which he does constantly in order to keep media attention on him), look not at him but at the people whom his irresponsible acts or words affect — the Republicans who try to collaborate with him (like collaborating with a loose cannon), the Democrats and Government employees he bullies, the statesmen from friendly countries he offends, the ordinary people he uses, insults, and hurts. Look away from him, and at the people who are working desperately to save what they can save of our Republic and our hope of avoiding nuclear catastrophe. Look away from him, and at reality, and things begin to get back into proportion.
Or: just don’t look.
He is entirely a creature of the media. He is a media golem. If you take the camera and mike off him, if you take your attention off him, nothing is left — mud.
Oh, would that it were so simple. He is the president, and the office of the presidency is unable to be ignored no matter who occupies its office. This is the present conundrum.
Nicholas Carr, incisive as always, speaks to this in an essay at Politico. He first zooms in on the president’s Twitter addiction:
Thanks to Twitter, the national conversation is now yoked to the vagaries of Trump’s mind. Politics has been subsumed by psychology. Twitter’s formal qualities as an informational medium—its immediacy and ephemerality, its vast reach, its lack of filters—mirror and reinforce the impulsiveness, solipsism, and grandiosity that define Trump’s personality and presidency and, by extension, the times. Banal yet mesmerizing, the president’s Twitter stream distills our strange cultural moment—the moment the noise became the signal.
…and then zooms out on its larger implications:
It’s not much of an exaggeration to say that the nation and its institutions have become a sort of drug-delivery system engineered to feed the compulsions of a single, unusual man. And given what we know about the way media technologies shape society, a bigger question looms: Are we stuck here for good?
Dear lord I hope not.
A president’s pronouncements will always be news, but they don’t have to grab headlines the way Trump’s tweets routinely do. The messages’ enduring power to seize attention and shape debate springs from a deeper source. It reflects the polarized state of the country and its politics. Among both the president’s fans and his foes, the tweets provoke extreme reactions, which serve to reinforce each side’s confidence in the righteousness of its cause. We listen so intently to Trump’s tweets because they tell us what we want to hear about the political brand we’ve chosen. In a perverse way, they serve as the rallying cries of two opposed and warring tribes.
And when you’re stuck between these two warring tribes, you don’t even get to enjoy the psychological benefits from tribalism. You just witness the carnage and wonder which side you’d rather see lose.
Got Pinery Boys: Songs and Songcatching in the Lumberjack Era as an unexpected Christmas gift from my dad. Given our shared appreciation for and history in the Northwoods of Wisconsin (though not in lumberjacking or songcatching unfortunately), this was a delightful read. It’s partly a reprint of Franz Rickaby’s 1926 collection Ballads and Songs of the Shanty-Boy and partly essays about Rickaby himself, folk songs of the lumberjack era in the late 19th and early 20th century Upper Midwest, and the tradition of capturing that folklore. Over 60 songs are included, with introductory notes, full lyrics, and even music notations.
The editors’ sources and bibliography were fun to explore for related books and albums of regional folk songs. Favorites include Northwoods Songs and Folksongs of Another America: Field Recordings from the Upper Midwest, 1937–1946. (I’m also eager to track down Finnish American Songs and Tunes, from Mines, Lumber Camps, and Workers’ Halls and, just for kicks, the albums Down Home Dairyland by James Leary and A Finnish American Christmas by Koivun Kaiku.)
What was really fun to read was Rickaby’s original introductory text. People don’t write like this anymore:
Meanwhile, the shanty-boy came into his own. Up and down and across the country he roamed—here today, there tomorrow; chopping, skidding, rolling, hauling, driving great logs that the snarling saws might be fed. The free life called him, the thunder of falling majesties intoxicated him. Amid this stately presence, along these avenues of “endless upward reaches,” he rudely trampled the whiteness of the earth. His axe bit deep as it shouted, and his saw-blade sang in the brittle air. The soft aroma of the woods at peace sharpened to an acrid redolence, acute, insistent—the cry of wounded pine. The great crests trembled, tottered, and thundered to the earth in a blinding swirl of needles and snow-dust, and the sun and sky at last looked in. The conqueror shouted as the proud tops came crashing down, though the places made vacant and bare meant nothing to him. Long hours of hard labor, simple fare, and primitive accommodations hardened him; the constant presence of danger rendered him resourceful, self-reliant, agile. It was as if the physical strength and bold vitality, the regal aloofness of the fallen giants, flowed in full tide into him and he thus came to know neither weariness nor fear. Neither Life nor Death was his master. He loved, hated, worked, played, earned, spent, fought, and sang—and even in his singing was a law unto himself.
And yet, Rickaby acknowledges the excesses of the Lumberjack Era:
The lumber industry still moves on. In the East, the North, the South, and the far West the trees still fall; for men must still have lumber, even more than ever. But it is now a cold and calculated process, with careful emphasis on selection, salvage, and by-product. The riot of wasteful harvest is no more: the unexpected vision of impending want, of imminent ugly barrenness, has quenched the thrill of destruction. The nation, having allowed the candle to be burned at both ends, tardily awakes to the necessity of conservation, a sort of cold gray “morning after.” Such a morning has its good and holy uses; but whatever forms of exultation may finally come of it, it must be noted that song is not one of its immediate possessions.
He marks the turn of the century, once the lumber business was industrialized along with everything else, as the turning point for lumberjack songs as well:
It was evident that some grim chance was taking place, killing the song in the hearts of workers, not only in the forests, but abroad in the world as well. Instead of singing, they read or talked or plotted; or if they did sing, the song was no longer of themselves. The complexion of the shanty crews changed. Where once had been the free-moving wit, the clear ringing voice of the Irishman, the Scotsman, the French-Canadian, there appeared in greater numbers the stolid Indian, the quiet, slow-moving, more purposeful Scandinavian.
Rickaby identifies three traits most common to “bona-fide singers of shanty-song”:
- “Intense application to the matter at hand”, meaning they were very focused on singing, sometimes even closing their eyes;
- A willingness to sing;
- A habit of dropping to a speaking voice on the last words of a song, sometimes “talking” the entire last line to indicate the song is finished.
Besides those commonalities, every rendition of every song could be slightly different depending on who sang it and how he made it his own. I look forward to trying to make some of these old folk songs my own too.
Finally got around to reading Viktor Frankl’s Man’s Search for Meaning. In one part he talks about a hypothetical “Statue of Responsibility”:
Freedom is only part of the story and half of the truth. Freedom is but the negative aspect of the whole phenomenon whose positive aspect is responsibleness. In fact, freedom is in danger of degenerating into mere arbitrariness unless it is lived in terms of responsibleness. That is why I recommend that the Statue of Liberty on the East Coast be supplemented by a Statue of Responsibility on the West Coast.
Clever, I thought when I read it. But when I was researching Frankl after reading the book, I learned the Statue of Responsibility is (becoming) a real thing:
I like how it flips Liberty’s arm motif. There isn’t a permanent site for it yet, but I hope it comes together.
Some other quotes from the book I enjoyed:
- “For the world is in a bad state, but everything will become still worse unless each of us does his best.”
- “Live as if you were living already for the second time and as if you had acted the first time as wrongly as you are about to act now.”
- “Don’t aim at success. The more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side effect of one’s personal dedication to a cause greater than oneself or as the by-product of one’s surrender to a person other than oneself. Happiness must happen, and the same holds for success: you have to let it happen by not caring about it. I want you to listen to what your conscience commands you to do and go on to carry it out to the best of your knowledge. Then you will live to see that in the long-run—in the long-run, I say!—success will follow you precisely because you had forgotten to think about it.”
- Prisoners looking at sunset: “How beautiful the world could be.”
- “Self-actualization is possible only possible as a side effect of self-transcendence.”
As national anthems go, “The Star-Spangled Banner” is strange. It’s hard to sing, it uses antiquated language, and it doesn’t have its nation’s name in it. Though there are several good alternatives (my pick would be “America the Beautiful” sung by the Schuyler Sisters in perpetuity), the Banner is still here, so we must contend with it.
It’s worth reading the lyrics because when you sing a song over and over, the words lose meaning and the ritual becomes rote. Let’s look at the last four lines:
And the rockets’ red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there;
O say does that star-spangled banner yet wave
O’er the land of the free and the home of the brave?
Two points can be made out of this. The first is that not only did the flag survive the bombardment, but its survival was made evident by the bombardment itself. Such a metaphor is especially relevant in present times, and it gives me hope that our nation so conceived and so dedicated can endure its great testing. (And I’m not talkin’ about Colin Kaepernick.)
The second is that it ends with a question. In my one year of high school choir, the director pointed out before we began rehearsing the anthem for a performance that this feature is unique among national anthems, and that’s what makes it so important. That it ends with a question doesn’t come through in the musical rendition, which finishes on a triumphantly resolute note. That question symbolizes America: a nation as an unresolved ideal rather than a declarative statement. A nation with the gall to conclude its musical theme song on an ambivalent note.
Because of this, I fully support those who wish to kneel during the anthem. Kneeling is the perfect symbolic gesture given the intent of Kaepernick’s original protest, which was to draw attention to police brutality. It’s peaceful but effective, participatory but not derogatory. Being halfway down could symbolize the historic and ongoing subjugation of African Americans, whether through mass incarceration or disproportionate police brutality. Or, as Kaepernick’s fellow kneeler Eric Reid wrote, “like a flag flown at half-mast to mark a tragedy.”
Since NFL teams weren’t even on the field for the anthem until 2009, when the Department of Defense and National Guard began paying the NFL (with taxpayer money) to have ostentatious flag ceremonies before games (!!!), I’m not going to get worked up about coercing displays of patriotism at sporting events, and the traditional “Don’t Tread On Me” crowd should understand why.
I can’t tell you how much I was nodding along to David Brooks’ column “What Moderates Believe”. The whole thing is quote-worthy, but here are some highlights:
Politics is a limited activity. Zealots look to the political realm for salvation and self-fulfillment. They turn politics into a secular religion and ultimately an apocalyptic war of religion because they try to impose one correct answer on all of life. Moderates believe that, at most, government can create a platform upon which the beautiful things in life can flourish. But it cannot itself provide those beautiful things. Government can create economic and physical security and a just order, but meaning, joy and the good life flow from loving relationships, thick communities and wise friends. The moderate is prudent and temperate about political life because he is so passionate about emotional, spiritual and intellectual life.
And:
Truth before justice. All political movements must face inconvenient facts — thoughts and data that seem to aid their foes. If you try to suppress those facts, by banning a speaker or firing an employee, then you are putting the goals of your cause, no matter how noble, above the search for truth. This is the path to fanaticism, and it always backfires in the end.
And:
Partisanship is necessary but blinding. Partisan debate sharpens opinion, but partisans tend to justify their own sins by pointing to the other side’s sins. Moderates are problematic members of their party. They tend to be hard on their peers and sympathetic to their foes.
That last part is so true, much to the chagrin of some of my debate partners. Even if we partly or mostly agree on a certain topic, with the perspective of “the other side” rattling around in my head I’m liable to push back against whatever views we share on the topic. Though it sounds like devil’s-advocating, I don’t do it for the sake of being contrarian. It’s merely an acknowledgement of the part of me that compulsively empathizes with the viewpoint of my idealogical opposite.
I can’t decide if this is a gift or a disease. Part of me wishes I could dedicate myself to a particular cause and banish all doubt about it. Being in the messy middle is a frustrating and sometimes lonely experience, and the walls are always closing in. Turning beliefs into deeply held convictions and advocating for them would provide a reassuring clarity of mission and reduce or eliminate the need for constant vacillation.
But I have to be honest with myself and others about where I stand, even if that means not standing in one place. “Humility is the fundamental virtue,” writes Brooks. “Humility is a radical self-awareness from a position outside yourself — a form of radical honesty. The more the moderate grapples with reality the more she understands how much is beyond our understanding.”
Realizing how little I know, how wrong I probably am, is freedom. It’s freedom from the self-imprisonment we impose on our minds when we insist we know everything, and that everyone else must agree with us or else.
This phenomenon of dogmatic certainty is most evident these days in the ongoing battles between “I love punching Nazis” SJW types and the jack-booted white nationalists #MAGA crowd. These are two groups who are very sure of their beliefs and righteousness of their causes. Hat-tip to Rod Dreher for spotlighting these posts, which illustrate why they are two sides of the same coin:
It’s not fun being a political orphan, or being constantly mired in a swamp of second-guessing. But I’m a moderate because I have to be, and I will not apologize for this. I am open to hearing your opinion, even if I don’t like it and tell you so. The times are too dark to not struggle for the light.
We stayed at a beach community in Michigan for the Fourth of July extended weekend and went to the chapel service they had on Sunday. One of the pastors began with a quote from Erma Bombeck:
You have to love a nation that celebrates its independence every July 4, not with a parade of guns, tanks, and soldiers who file by the White House in a show of strength and muscle, but with family picnics where kids throw Frisbees, the potato salad gets iffy, and the flies die from happiness. You may think you have overeaten, but it is patriotism.
I get nervous in churches around the Fourth of July. Celebrating a secular holiday within a religious environment can lead to grotesque displays of nationalistic idolatry, or it can produce something more appropriate for a church that celebrates its country while respecting the benefits of separating church and state. Luckily this was the latter. We sang hymns, heard a good message, and that was that.
What was more powerful to me happened the next evening, when the whole community gathered on the beach to watch a fireworks display, as they do every year. We brought beach chairs and set up facing southward along the beach, where the fireworks would be. Slowly more people congregated and added to the festival-like atmosphere. Families took pictures against the amber sunset, teens tossed a frisbee, kids twirled sparklers, and I read The Iliad until it got too dark to read.
Then we all sat and waited for the twilight to fade to black enough to allow the fireworks to be that much vibranter. When they began, I remembered once again what it was like to share something with a group of people that wasn’t on a screen. I didn’t notice many if any devices out. The rows of heads I saw when I looked behind me were only tilted upward, not downward as they would be with a smartphone in hand.
Many of these families had been partaking in this tradition for decades. I only recently married into it, yet it still impressed upon me the power of ritual, and how, when combined with the spirit of a place, it can foster an acute state of grace. I was grateful for Lake Michigan. I was grateful for the opportunity to look at the stars and contemplate my place in the universe and my nation while watching the fireworks burst before me. I was grateful to lie back with my fellow Americans and enjoy a celebration that didn’t involve guns, tanks, and soldiers.
The scene, like the fireworks themselves, dissipated as quickly as it materialized. We folded chairs, shook off sand, filed off the beach en masse, and trundled to our beds to begin another American year.
Image: the view from the beach at sunset.
I can’t believe it. I think I may have just found a Republican U.S. senator I’d actually vote for.
I’m as surprised as anyone that I read, let alone greatly enjoyed, Ben Sasse’s The Vanishing American Adult: Our Coming-of-Age Crisis—and How to Rebuild a Culture of Self-Reliance by Ben Sasse, Republican (but, phew, #NeverTrump) senator from Nebraska. I really think the only reason I picked it up was because Sasse’s face isn’t on the cover. If it were, it would look like every other politician’s memoir and therefore a waste of time.
But this isn’t that, not by a long shot. Sasse, a Ph.D in history and former college president, was troubled by the lack of certain skills and self-sufficiency in his college’s incoming freshman classes. He doesn’t use the term, but it’s those darn Millennials he’s talking about. Though the book does give off the slightest aroma of Kids These Days and Back In My Day, I’m inclined to endure it because Sasse is largely right.
Part I examines education, which Sasse sees as the root of the current coming-of-age crisis. He’s not a fan of John Dewey, who crusaded to make schooling the central influence on children, rather than make it something that was supplemental to the education children should receive at home. (No surprise that the Sasses homeschool their kids.) But he’s right about the self-perpetuating nature of bureaucracy and how it runs counter to good education:
Unfortunately, centralized education and bureaucrats tend to see every failure as a product of still not enough centralized bureaucracy. Most of these experts are blind to the possibility that perhaps we are still trying to spoon-feed young adults who we should instead nudge to travel and to read, to work and to become the kind of students to ask questions before being handed a three-point formulaic answer.
One man’s boilerplate Republican talking point is another’s sensible conservative approach to an evident problem.
Beyond the school walls, Sasse sees a conglomeration of factors that have led to the current coming of age crisis: too much medication, screen time, video games, and porn; living with parents too long and getting married later; too much helicopter parenting and intellectual sheltering and not enough religion. One can debate each of these to death, but taken together it’s a potent cocktail for Peter Panism.
Part II gets into the practicalities of cultivating self-discipline and good character and how they can foster a healthy transition to adulthood: avoid age segregation, work hard, consume less, travel, and read a lot. Basic stuff, right? Sasse dives into each of them. As a librarian I was especially tickled by the chapter on reading: Sasse has developed his own “essential reading” library that is impressive in its scope and depth, and even inspired me to pick up The Iliad in my ongoing quest to fill in the gaps of my public education.
I don’t foresee any more books by politicians on my reading horizon, so I’m glad I lucked out with this one.
Some Quotes
Production > consumption:
Consumption is not the key to happiness; production is. Meaningful work—that actually serves and benefits a neighbor, thereby making a real difference in the world—contributes to long-term happiness and well-being. Consumption just consumes.
Self-sufficiency > permanent dependency:
Allowing our culture to devolve from one that encourages self-sufficiency into one that indulges permanent dependency is to tolerate a disengagement of the soul akin to permanent training wheels. Letting the next generation believe someone else will solve their problems imperils not only them but our whole society.
Aging > perpetual adolescence:
We latch onto evidence hinting that aging can be put off, perhaps indefinitely. It’s no surprise then that our young today inherit a fear of growing up and growing old, and a near allergy to confronting honestly the only certainty in life besides taxes. …
Denying meaningful rites of passage and obscuring the distinction between childhood and adulthood cheats the generation coming of age of something vital. Lowering expectations, cushioning all blows, and tolerating aimlessness not only hurts them, it also deprives their neighbors, who desperately need their engagement.
What I’m Reading
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