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Yellin and Inequality

What an odd occasion. Janet Yellin’s appearance before the Senate committee responsible for pressing her appointment as head of the Fed was nowhere near the hostile grilling it had been billed to be. By and large it was benign. The oddity stems from the repeated questions about inequality. As in what is the Fed doing […]

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Quote[s] Of The Day #2

From Norbert Weiner in his “Cybernetics” published in 1961: “We are swimming upstream against a great torrent of disorganization, which tends to reduce everything to the heat death of equilibrium and sameness … In this, our main obligation is to establish arbitrary enclaves of order and system … Like the Red Queen, we cannot stay […]

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