Researchers exploring the legend of Britain’s most famous Knight believe his stronghold of Camelot was built on the site of a recently discovered Roman amphitheatre in Chester.
Wisdom and Education
Here's an article that jumps right into Neo-Platonism as it affects a current debate among scientists.
Is there such a thing as wisdom -- a thing, stuff, an abstract entity -- or are there only wise individuals and wise actions and attitudes, these latter not exclusively the possession of the individuals in question given that even fools can sometimes be wise?I am somewhat amused by the persistence of this stumbling block, which was a major issue at the fall of Rome; again, during the return of Aristotle's writings following an early Medieval period dominated by neo-Platonists; again, as we were just discussing the other day, at the beginning of the Renaissance; again, in the nineteenth century when many of our ideas about language were being re-examined, and some of the old ideas of Peter Abelard were being independently rediscovered by men like Gottlob Frege; at several points in the 20th Century; and again, now.
This question is a significant one, because it bears on the enterprise of "wisdom studies," a parallel endeavour to the "happiness studies" now big in the neuropsychologically-informed social sciences. (And there too the question has to be: is there such a thing as happiness, or only happy individuals and happy times and experiences, the latter not the exclusive property of the individuals in question, given that even the gloomiest of us can occasionally be happy?) If you aim to study wisdom, or happiness, presumably in the hope of finding out how we can all be wiser and happier, you had better be clear about the object of study; and, as Stephen S. Hall's Wisdom: From Philosophy to Neuroscience shows, that is hard to do.
In other words, it's one of the eternal stumbling blocks of philosophy: a basic metaphysical claim that both scientists and philosophers continue to dispute. Nor is this a "science v. philosophy" issue: there are scientists on both sides, and philosophers on both sides.
Science might be expected to shed some light on this question, and sometimes it seems like it is going to do so in a very helpful way. It may yet! Consider anger:
Lixing Sun, a professor of biology at Central Washington University, thinks we have a "fairness instinct." And he may be right. He maintains that high on the roster of human propensities is a "Robin Hood mentality" that characterizes our species and qualifies as one of those "mental modules" that evolutionary psychologists consider part of our likely biological inheritance. If so, our fairness instinct goes far beyond the pleasure we take in romantic tales of medieval Merry Men adventuring in Sherwood Forest. Sun believes that despite the fact of our specieswide social and economic disparities—perhaps in part because of them—human beings are endowed (or burdened) with an acute sensitivity to "who is getting how much," in particular a deft attunement to whether anyone else is getting more or less than one's self.So: that suggests a neo-Platonist position, does it not? After all, monkeys are expressing "anger" over "unfairness" in just the same way as their not-very-close relatives, humanity. This suggests there might be some real set of qualities that capture "fairness," and that perhaps we can build systems to ensure these outcomes.
In a much-noted laboratory experiment several years ago, described in the report "Monkeys Reject Unequal Pay," the primatologists Sarah F. Brosnan and Frans B.M. de Waal trained capuchin monkeys to perform a certain task for which they received cucumber slices. The monkeys performed just fine, until they were permitted to see others being rewarded with grapes, a higher-value payment. Previously acquiescent, many of the cucumber-receivers promptly stopped participating, sometimes even throwing those measly, unfair cucumber payments out of their cage.
The problem is that the split isn't over data, but over how we interpret data. So, if I am instead a Nominalist -- that is, I don't think that "wisdom" or "fairness" are real, but just names -- I can point out that we humans are doing the observation and naming in both cases. Thus, you're just as free to be a Nominalist about this data. There's only one category, after all; and humans are making the rules about what data to include in that category.
If that's the case, then it's not clear that we could capture what "fairness" really is; indeed, by including the different case of monkeys in the category, we may be making it impossible to get at a system that approaches human ideals. (A system that ensured all people got equal numbers of grapes and cucumbers would not be very satisfying to humanity! We would prefer a choice.)
Here is one of the basic splits in our understanding of reality, then. Which of you are Realists, and which Nominalists? Don't be surprised if one position seems entirely and obviously correct to you, and the other preposterous on its face: that has very often been the case, for adherents on both sides, across the centuries.
Another good question, then: Why have so many smart people been so unable to see the reasons that so many other smart people have favored the other position?
Europe and Women
Cassandra notes a story wherein France stands up for its vision of what a woman's rights are, and should be. As comments note, that right does not include the religious freedom to choose to veil in public; but it does include a freedom from being forced to do so. While not "optimal," as Mr. Axlerod might say, it's better than nothing.
Switzerland, however, has freed Roman Polanski. Their reasons for doing so appear to be that the US Justice Department did not correctly handle the Swiss legal procedure, by failing to properly answer Polanski's claim that he had already served his agreed upon sentence of 42 days of "observation." I'm sure that he did not enjoy his month and a half in jail. The fact is, however, that his offense included raping and forcibly sodomizing a girl who was not only smaller and weaker than him, and not merely a minor while he was an adult, but whom he also had weakened by giving her drugs and alcohol.
The law is rarely just, however, and this case may well have been decided upon the law. I suppose we're meant to feel good about that.
Spatial Thinking

From Vanderleun, this Smithsonian article about imposing virtual maps on sensory input:
Hold an electronic tablet up as you walk along a street, and it will show an annotated overlay of the real street ahead—where the clean restrooms are, which stores sell your favorite items, where your friends are hanging out. Computer chips are becoming so small, and screens so thin and cheap, that in the next 40 years semitransparent eyeglasses will apply an informational layer to reality. If you pick up an object while peering through these spectacles, the object’s (or place’s) essential information will appear in overlay text. In this way screens will enable us to “read” everything, not just text. Last year alone, five quintillion (10 to the power of 18) transistors were embedded into objects other than computers. Very soon most manufactured items, from shoes to cans of soup, will contain a small sliver of dim intelligence, and screens will be the tool we use to interact with this transistorized information.
iPhone already has apps that create overlays on reality in very handy ways. One is an app that listens to a song on the radio and tells you what it is, which I consider pure magic I've been waiting for all my life. Even better, there is an app that can identify a tune that's being hummed in the roughest and most incompetent way.
I thought there was another app that lets you point the screen at the night sky and see a superimposed constellation map, but it turns out it really uses your GPS-determined location to load a map of the sky you ought to be looking at, rather operating directly off of the visual input. Pretty nifty anyway.
The Smithsonian article also offers this view of the increased powers of intellectual synthesis that may result from web-surfing:
Books were good at developing a contemplative mind. Screens encourage more utilitarian thinking. A new idea or unfamiliar fact will provoke a reflex to do something: to research the term, to query your screen “friends” for their opinions, to find alternative views, to create a bookmark, to interact with or tweet the thing rather than simply contemplate it. Book reading strengthened our analytical skills, encouraging us to pursue an observation all the way down to the footnote. Screen reading encourages rapid pattern-making, associating this idea with another, equipping us to deal with the thousands of new thoughts expressed every day.
My own experience is that following links sometimes fragments my attention and leads me down rabbit holes, but it also encourages me to connect many ideas I might not otherwise have done. I suppose there's the danger of turning into one of those guys who's always muttering about how "it's all part of the pattern: the Freemasons, Obama's birth certificate, fluoridation."
Church Music

The Wedding Feast
Here's something from Assistant Village Idiot that reminded me of what we were talking about the other day, the metaphor of music or dance as Heaven:
One of my repeated themes of the last year is that worship is not something we create on Sunday mornings. Worship is going on all the time in heaven, and our worship is an attempt to connect with that - to become part of it, learn the steps and the songs. If you remember the descriptions of heaven as a wedding feast, then the idea of learning all those line dances, preparing for the songs that have special meanings at various parts of the ceremony, and looking forward to drinking almost too much except now you actually have good judgment, can begin to see how the combination of pentecostal enthusiasm and liturgical familiarity might work.
The Anchoress (h/t Little Miss Atilla) hosted a long discussion the other day about the role of music in church services, during which lots of people got to air their frustrations with the trend in hymns in the last forty years or so. The point of the article was to ask readers to identify their ten most-hated hymns, but a lot of the discussion was equally about why some music works better than others. (I was surprised to hear that even what I think of as traditional old Episcopal hymns were a hotbed of heresy from the point of view of Catholics, but there you are! My education in most of what separates Catholics from Episcopalians is spotty, aside from obvious things like the authority of the Pope.)
Salute!
I saw this photo over at the Cold Steel Blog. 
Like you, I assumed he was planning on cleaning that boar with that knife.
Nope. That's what he killed it with.
One of these:
Now that's a man.
Adjuncts
Grade inflation continues apace, but the amount of time students spend studying continues to fall across the board. Some theories as to why this may be the case include this:
Mother Jones commenter Lisa argues, "Rise in numbers of temporary, adjunct faculty, who teach many, many courses, and are terribly vulnerable to course evaluations (that's me, by the way). One can only assign so much work and expect to be invited back to teach -- plus, if you assign it, you have to read it and/or grade it yourself, which, when you're teaching four or five classes on multiple campuses, becomes impossible. This has become the bulk of university teaching[.]"How vulnerable are adjunct professors to student comments? So vulnerable that a professor of Catholic studies can be fired for teaching Catholic doctrine:
The University of Illinois has fired an adjunct professor who taught courses on Catholicism after a student accused the instructor of engaging in hate speech by saying he agrees with the church’s teaching that homosexual sex is immoral.His email has been published for consideration. It's not great as a teaching tool -- it's generally not good academic practice to say things like, "I won't go into details here but a survey of the last few centuries reveals..." in academic discourse. Cite your sources!
The professor, Ken Howell of Champaign, said his firing violates his academic freedom. He also lost his job at an on-campus Catholic center.
Howell, who taught Introduction to Catholicism and Modern Catholic Thought, says he was fired at the end of the spring semester after sending an e-mail explaining some Catholic beliefs to his students preparing for an exam.
On the other hand, (a) he is teaching a Catholic doctrine, as a professor of Catholic studies, and he's broadly correct about the doctrine; and (b) he raises some good points about some bad thinking prominent in current American thought. It really is the case that we, as a culture, have trouble separating people and actions. We see this all the time; if a Bill Clinton does something wrong, rather than saying that we approve of him in spite of his misdeed (which we condemn), we say either that the misdeed proves he is a wicked man outright; or we rush to find a way to explain his misdeed so that it isn't wrong at all. Just a few examples I remember hearing at the time: 'He was just being a gentleman in committing perjury to protect a young woman's reputation'; 'He was under a lot of stress from all the good he was doing'; 'She was a stalker, so it was really the fault of the person I don't approve of instead of the one I do'; 'It was a private matter that should not be subject to public moral evaluation.'
That approach to moral thought impoverishes us, as we lose the ability to condemn even clear wrongs like perjury and adultery. We all remember the rush of the feminist leadership to stand with Bill Clinton, and smooth away the faults of his betrayal of his wife and abusive advantage-taking of a young woman awed by his power and position. It is just as harmful from the other side, however: those who use the misdeed to condemn the whole man end up missing his good qualities. I was guilty of this myself; with time to reflect, his positive qualities have become more apparent.
Honest attempts at teaching that kind of lesson to college students, who are still young enough to be full of fire -- likely to rage, at times, against things they don't like to hear -- means you will occasionally draw some negative comments. These may be quite fiery. Yet this is what tenure was for: to ensure that one could honestly teach even controversial positions without fear for losing one's job.
Tenure led to some 'untenable' consequences, especially in terms of finances, but it needs to be replaced with something that protects this basic idea. If we've come to the place that a Catholic professor of Catholic studies teaching an introduction to Catholic thinking can be fired for expressing Catholic doctrine, we've gone too far. Students were supposed to be challenged to think about these principles, not have their own prejudices catered to by the professor. If it were a Muslim professor of Islamic studies teaching an introduction to Islam, we wouldn't think of firing him for expressing agreement with some point of shariah, and nor should we. If we want to learn about why people believe in shariah and are willing to structure their lives around it, we need honest teachers.
It would also help if students weren't so convinced that the professor's job is to give them A's while making them comfortable. Since it's unlikely we will persuade the students to feel that way, however, the next best thing is to ensure that professors who hold them to high standards -- and who make real attempts to teach controversial or difficult subjects -- will not be fired for doing what is, in fact, their job.
A Kindred Spirit?
My Chinese is still good enough to recognize that the first two characters read "Middle Ages." It's a collection of medieval music, apparently from a Chinese speaker with most excellent taste.
I have a Chinese-language book on the Vikings, to tie this in with the post below; as well as a French-language edition of the same book, which I bought because I could read only small amounts of Mandarin even when I was there encountering the language daily. (The book is available in English as well; but the French appears to be the original. Amazon does not appear to sell the Chinese edition, if it is still in print, but I still have mine.) I bought the Chinese version to loan to my students who were interested in Western culture and history; it was one of a very few books I ever found on the subject available in Mandarin.
It's good to see interest in these topics across the sea. Japanese and Western cultures harmonize on a number of points, but China had a very different cultural opinion on warriors. Witness the old Chinese saying, "You don't use a good man to make a soldier, just as you don't use good iron to make nails"! Yet the Beijing opera tradition, which has infected Hong Kong cinema (and, these days, everything everywhere) has invigorated Chinese interest in their traditional martial arts probably far beyond what it was during the Middle Kingdom's own Middle Ages.
UPDATE: If my Chinese friend should backtrack the link to his site, here is a video he might like that I don't think he has:
J.A. Dalza - Calata ala Spagnola from Valéry Sauvage on Vimeo.
We are reading The Saga of Burnt Njal. This week we are to discuss sections 1-20. By the end of these sections, the two main characters of the saga are introduced: Gunnar and Njal himself. Let's look at their base descriptions, along with the notes provided.
Gunnar:
There was a man whose name was Gunnar. He was one of Unna'sNjal:
kinsmen, and his mother's name was Rannveig (1). Gunnar's father
was named Hamond (2). Gunnar Hamond's son dwelt at Lithend, in
the Fleetlithe. He was a tall man in growth, and a strong man --
best skilled in arms of all men. He could cut or thrust or shoot
if he chose as well with his left as with his right hand, and he
smote so swiftly with his sword, that three seemed to flash
through the air at once. He was the best shot with the bow of
all men, and never missed his mark. He could leap more than his
own height, with all his war-gear, and as far backwards as
forwards. He could swim like a seal, and there was no game in
which it was any good for any one to strive with him; and so it
has been said that no man was his match. He was handsome of
feature, and fair skinned. His nose was straight, and a little
turned up at the end. He was blue-eyed and bright-eyed, and
ruddy-cheeked. His hair thick, and of good hue, and hanging down
in comely curls. The most courteous of men was he, of sturdy
frame and strong will, bountiful and gentle, a fast friend, but
hard to please when making them. He was wealthy in goods.
ENDNOTES:
(1) She was the daughter of Sigfuss, the son of Sighvat the Red;
he was slain at Sandhol Ferry.
(2) He was the son of Gunnar Baugsson, after whom Gunnar's holt
is called. Hamond's mother's name was Hrafnhilda. She was
the daughter of Storolf Heing's son. Storolf was brother to
Hrafn the Speaker of the Law, the son of Storolf was Orin
the Strong.
There was a man whose name was Njal. He was the son of ThorgeirWe can see, as Mike noted, that parentage and families are very important: we don't just learn about the personal qualities of our heroes, but about their parentage on both sides of the family. The notes say what the original listeners would have known, about which families and to what great historic heroes their parentage may tie them.
Gelling, the son of Thorolf. Njal's mother's name was Asgerda
(1). Njal dwelt at Bergthorsknoll in the land-isles; he had
another homestead on Thorolfsfell. Njal was wealthy in goods,
and handsome of face; no beard grew on his chin. He was so great
a lawyer, that his match was not to be found. Wise too he was,
and foreknowing and foresighted (2). Of good counsel, and ready
to give it, and all that he advised men was sure to be the best
for them to do. Gentle and generous, he unravelled every man's
knotty points who came to see him about them. Bergthora was his
wife's name; she was Skarphedinn's daughter, a very high-
spirited, brave-hearted woman, but somewhat hard-tempered. They
had six children, three daughters and three sons, and they all
come afterwards into this story.
ENDNOTES:
(1) She was the daughter of Lord Ar the Silent. She had come
out hither to Iceland from Norway, and taken land to the
west of Markfleet, between Auldastone and Selialandsmull.
Her son was Holt-Thorir, the father of Thorleif Crow, from
whom the Wood-dwellers are sprung, and of Thorgrim the Tall,
and Skorargeir.
(2) This means that Njal was one of those gifted beings who,
according to the firm belief of that age, had a more than
human insight into things about to happen. It answers very
nearly to the Scottish "second sight."
What did you think of the first week's readings? Next week, we'll do the next section, 21-37.
You're Bound to Pass Sooner or Later, So Here's Your Diploma
Fake Tests, Fake SchoolsThe Texas Education Agency must be staffed with refugees from the Enron smoke-and-mirrors factory -- except that the Enron guys were reputed to be "the smartest guys in the room," whereas these people in TEA are . . . I can't even describe it. You be the judge:
A Texas legislator grilled a TEA hack last week about how Texas students who had failed every single question on a standardized ("TAKS") test could have been scored as "passing." These passing scores evidently caused the number of schools ranked as first- or second-rate in the state's four-tiered system almost to triple in a single year. How did this work?
Simple. Instead of old-fashioned grading, they used the new "Texas Projection Measure." Under this measure, "nearly half the 1 million TAKS tests that had been failed [were counted] as passing for the purpose of rating schools and districts." You might think this had something to do with counting a performance as passing on the ground that it at least was an improvement from the even more dismal performance of the year before. Alas, no. The measure "looked only at last year's scores and, based on a formula devised from thousands of prior results, projected that children who pass reading or math [tests] were likely to pass other tests in future years." In other words, we'll pass you because this formula says that if you passed a test in subject A, you're very likely to pass a test in subject B at some point in the future.
It gets worse. The formula is not even based on identifiable trends in low-performing students in situations where improvement has been documented in the past. No: the formula is based on overall trends among all children who take the TAKS test, from the ones who ace it down to the ones who flunk it. In general, kids do tend to do better on tests from year to year, thank goodness. However, if you consider only the kids who flunk a particular test, the "Projection Measure" is about 50% accurate in predicting that they'll eventually pass that same test. So the thinking apparently is, since about half the kids who flunk can be expected to do better at some point in the future, why not go ahead and count all of them all as "passing" right away?
The author of the article wonders about the same question that so often engages us here: lunacy or malice? Could Texas education officials really be stupid enough to buy this kind of metric, or are they cynically manipulating any and all data in furtherance of the one true aim, which is to maximize funding?

But, as one commenter noted, what's the real difference between this and the system of vague expectations of future merit that resulted in both Barack Obama's Oval Office and his Nobel Prize? Wishin' makes it so.
Yay 10th
Or, a gay "marriage" ruling I might be able to support.
We all know that marriage as an institution has nothing to do with homosexuality. Saying this is not an expression of prejudice, but a simple statement about an institution that is as old as mankind. It has been practiced in many different ways in many different places, but never in human history until the current generation did anyone think it could be, or ought to be, applied to one's same-sex lover.
Many of us generally oppose attempts to revise or undermine the basic institutions of society; as an instinct, we believe that such institutions are what hold up the world. This is at the heart of the revised Constitutionalism that underlies the Tea Party movement.
Nothing is more important to that movement than to get the Federal government to respect the traditional, intended limits on its power. Supporters of an ever-expanding Federal government believe, I think, that they are on the side of the Federal government. This is not so. Continual revising of the social contract undermines that contract. The chief danger to the Federal government, as to the Republic at large, is that it will expand until it must be resisted; that it will revise the social contract so often that a majority of Americans become alienated from that contract, and no longer believe it applies. If the Federal government holds to its traditional and Constitutional limits, it might last a thousand years. If it refuses, it may not last out this generation.
On the other hand, the same people often wish to have substantial liberty from institutions: freedom to associate with them, and freedom for the institutions to uphold their own standards independent of the passing whims of society; but not a requirement that individuals be subject to those institutions. One can marry or not, for example. If you don't like the terms, don't.
So here comes a movement that balances two of those instincts against the third. It offers a vigorous and much-to-be-desired rebirth of the 10th Amendment!
However, it undermines the institution of marriage by redefining it so far from its original core purpose -- that of establishing new families to provide wealth and security for the next generation -- that it is undefinable. Further, it will require all of us to play by someone else's rules: under Full Faith and Credit, what we end up with is not "each state may determine the laws of marriage," but "the lowest-common denominator will apply everywhere." Freedom of association is not being respected; what is disguised as a state sovereignty ruling actually undermines the ability of states to uphold the traditional standards. What it really does is empower any state that wishes to undermine those standards.
As Dad29 points out, there's no reason to believe that the 10th will be applied in this way anywhere else; this seems to be special pleading for gay "marriage," when viewed in context of Federal jurisprudence.
However, as Volokh points out, the same arguments could be applied to destroy the unconstitutional health care regime being imposed. And, actually, a whole lot of unwise Federal regulation falls under this heading.
So... do we get behind this or not?
Anti-B
The White House has had it.
The White House has launched a coordinated campaign to push back against the perception taking hold in corporate America and on Wall Street that President Barack Obama is promoting an anti-business agenda.To fight back against this perception, the President has
That should be enough, don't you think?
Ants & Grasshoppers

Bill Bonner, writing at the "Daily Reckoning" site I've been enjoying lately, asks what will happen if all the world's grasshoppers start acting like ants:
An economy can go on like this - softly, gently destroying savings...quietly bankrupting the government - for many, many years. That could be what is coming now.
But wait. The US Senate refused to extend unemployment benefits. Even in the US, Republicans are talking about "austerity." Paul Krugman is hopping mad, referring to a coalition of the "heartless, the clueless and the confused" that is refusing to go along with his "spend, spend, spend" agenda. All of a sudden, the Americans seem to be catching the "austerity" bug, too. Uh oh ... this could be a disaster for everyone. If everyone saves, who will use their savings? Who will spend? Who will keep the wheels of commerce turning? Who will keep the lights on in the malls and the grills hot in the restaurants?
What will happen if all the grasshoppers suddenly become ants ... and all of them go on a rampage of financial prudence? Wouldn't it cause a new economic Dark Age for the whole world?
Part of his answer is that deleveraging -- working through the debt realistically instead of kicking it down the road -- is worth doing despite the cost.
First, Let's Enslave All the Doctors
Calling Doctor . . . Doctor . . .?Joseph Rago has an interesting piece in the Wall Street Journal today about the Massachusetts universal coverage plan as a miniature preview of the wonders that are in store for us under ObamaCare. A Massachusetts appeals board has just shown surprising sanity in overturning an insurance commission's denial of 235 of the 274 insurance premium increases that had been requested by the state's insurance industry. The insurance carriers had trotted out that stale old free-market argument that the increases were necessary to cover their expected claims over the coming year. They were still operating under the quaint economic principle that an insurance company ought to have sufficient reserves to stay in business, even if that makes them appear unfeeling about their policyholders' household budget strains. As Mr. Rago notes, the insurance commission "was in effect ordering the carriers to sell their products at a loss." He also identifies a key question:
An entitlement sold as a way to reduce costs was bound to fundamentally change the system. The larger question—for Massachusetts, and now for the nation—is whether that was really the plan all along.
Meanwhile, he reports,
Richard Moore, a state senator from Uxbridge and an architect of the 2006 plan, has introduced a new bill that will make physician participation in government health programs a condition of medical licensure. This would essentially convert all Massachusetts doctors into public employees.
(Emphasis supplied.) Or, in other words . . . where did all those doctors go that we used to have in Massachusetts? How come I can't get an appointment?
Weren't there primitive tribes who lamed their doctors so they couldn't leave?
Amedeo Guillet, who died on June 16 aged 101, was the Italian officer who led the last cavalry charge faced by the British Army.Wow.
Early in 1941, following outstanding successes in the Western Desert, the British invasion of Mussolini's East African empire seemed to be going like clockwork.
But at daybreak on January 21, 250 horsemen erupted through the morning mist at Keru, cut through the 4/11th Sikhs, flanked the armoured cars of Skinner's Horse and then galloped straight towards British brigade headquarters and the 25-pound artillery of the Surrey and Sussex Yeomanry.
Irrationality
Economics As a Mystery ReligionI've felt as if I were drowning in irrationality all day. I've been trying to conduct an online discussion with a bunch of people who believe that Social Security -- indeed, the entire welfare state and debt structure of the United States -- is hunky-dorey. To begin with, I found it virtually impossible to get across the idea that, although this may seem a very, very wrong, unpleasant, and inconvenient result -- Social Security will inevitably be degraded and then dismantled. The first 20 times I tried to say so, I got back the furious reaction that these benefits are a debt, a honorably incurred debt, and it would be wrong if the people expecting their benefits did not receive them.
I don't disagree, of course, but I don't see how that changes the odds that it's going to happen. "But we really are going to need that money," they'd say. Yes, I'd agree, it's going to be bad. And it doesn't change the odds that it's going to happen. "But it wouldn't be fair to expect us to do without them." No progress.
I did, at length, come to a point where we could define the difference between me and them as the belief, or doubt, that Social Security, Medicare, Medicaid, and unfunded federal, state, and local pension obligations, which together amount to over $500,000 per American household, can all be absorbed without the U.S. defaulting on a single one of these obligations even in part. I myself doubt whether it can be done, no matter how hard we tighten the screws on the rich people, unless we recklessly risk the health of the economy and the currency and court a fate like that of Greece. They, in turn, believe this is no problem at all, and only a mean person would say it is.
Here's the part I need help with. One commenter had this explanation for why it was all going to be possible, even without raising tax rates. The problem is, I literally cannot understand a word of the following. I'm hoping someone here can help:
I don’t think they have to turn the screws on the rich a little harder. I think they can just mark up the account balances to match the needs, and I don’t even think that, I know that. It’s a factual statement. I don’t even think the government needs to tax at all, except for to manipulate the money supply to soak up excess liquidity that might be in the market. In fact, I know that as well. It’s not a guess, it’s the way it is. We don’t operate our policies around those foundational realities, but it doesn’t make them any less real. . . . Debt and deficits just don’t mean what you think they do in a modern-money world, and they’re not indicators of the things you think they are.
I'm certainly no economist. Is this pure nonsense, or something like a respectable branch of the science?
