Adepticon: Day 1
Day one out of four.
First off, keep the emails and inquiries coming. I still need to keep everything rolling even though we’re out here. So, don’t hold off. Call me. Email me. You will make this time LESS stressful if you set up a project.
I have a ton of footage, but it is nearing midnight and I don’t have time to edit it.
We met at Sarah’s house at 8am and headed out to the airport, courtesy of Sarah’s sister. We arrived, and without delay or flaw made it to our gate. This after a hearty breakfast at an airport diner.
The flight passed by as if in a dream. Sarah sleeps like a borg drone, arms folded, jaw tense, face straight ahead. I normally get seasick but this time hardly a quease.
Once at O’Hare we got off and proceeded to baggage claim where we found Janene serendipitously waiting for us (she had a different flight). As we walked up our bags popped out neatly in a row, so no waiting there. When we got to the curb, our car rental shuttle rolled up within ten seconds. We got a grey SUV. It’s pretty sweet.
So, basically, the whole trip was supernaturally smooth. Everything is groovy.
We went out for sushi. Also fabulous. At some kind of trendy techno-beat place. We gorged ourselves on the good of the land and sea. I expect the rest of the trip to be humble and modest and laid back. It was a 40 minute wait to get in but totally worth it.
More tomorrow.
During the wait and the flight I managed to polish off one of the three books I ordered last week: Meltdown. Summary as follows:
Meltdown is a 2009 book on the global financial crisis of 2008–2009 by historian Thomas Woods, with a foreword by Rep. Ron Paul.
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Woods is a follower of the Austrian School of economics and believes in the gold standard. The book is dedicated to Murray Rothbard and Ron Paul.
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Woods’ thesis includes: Deflation of prices neither causes nor prolongs depressions. Indeed, deflation may be necessary to prevent depressions or to bring depressions to an end. The Fed is the primary cause of business cycles via its arbitrary and coercive control of the money supply. Trying to cure these credit cycles with more government intervention will not work.
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In this case, government intervention in the form of support for housing and excessive monetary expansion caused the current crisis. By creating an illusion of wealth (that certain resources exist which do not exist), interventions encourage wasteful investments and unsustainable consumption, instead of productive investments. The proposed cures (bailouts, more money creation, and stimulus spending) will just make matters worse.
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No business is really too big to fail, even large financial institutions. For them, as with other businesses, liquidation is preferable to a bailout.
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ñïñ!!…
Joel
21 Nov 14 at 9:14 pm