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Saved by @CodyyyGardner

1/ Wow, what an essay, trying to distill thoughts from this masterpiece: https://t.co/bxR3cnNJrM

Hat tip: @NSKinsella

The essay is about inflation's effect on culture, through the analysis of a short story set in Weimar Germany. I've selected some quotes and will comment.

 2/ "With all points of reference gone, the only law...appears to be perpetual change."

When money changes, everything else anchored on money starts to change as well. Prices being the most obvious one, but crucially, not the only one.
3/ "...if we seek an explanation for the dissolution of authority in the world he is portraying, we should look to the monetary madness of the Weimar Republic."

The insanity and disorder of society, in other words, can be traced back to monetary policy.
4/ "Everything threatens to become unreal once money ceases to be real."

Unreal, in this sense is counterfeit or fake. Societal attitudes become as fake as the money we use because it no longer just represents value provided, but also value fraudulently obtained.
5/ "By making money worthless, inflation threatens to undermine and dissolve all sense of value in a society."

Money helps us to know where we can expend our labor to best provide value. If our sense of value is skewed, we will no longer properly value our labor, time or energy.
6/ "...the characteristic inauthenticity of the world... is a direct response to government intervention in the market, which forces people to become fakes."

Fake money leads to fake values leads to fake people.
7/ "In a world in which all distinct categories begin to dissolve, a pervasive sense of relativism develops."

Relativism develops because there are no anchors, no fixed values. That comes from a constantly changing money.
8/ "There is no use planning for the future, since inflation, especially hyperinflation, makes future conditions uncertain and unpredictable."

Bad money causes uncertainty and uncertainty makes everyone become a lot more high time preference.
9/ "In an inflationary environment, one must dream of becoming an overnight success because the slow steady way of amassing a fortune by working hard simply will not work."

Low time preference saving and working are spurned in favor of hitting it big on one big gamble.
10/ "...the concept of representation in fiat money sounds like the prototype for the new concept of representation in modern art."

Postmodern art, in particular, is all about representing itself and not anything else. Its value is derived from itself. It's literally fiat art.
11/ "Postmodern images call attention to themselves, to the fact that they are merely images."

In a sense, the narcissism of modernity is a result of a lack of an anchor or stable reference of value to anything else, much like postmodern art.
12/ "the inauthenticity of modern life, which has often been blamed on capitalist practices such as advertising, is more properly viewed as the result of the inflationary environment created by government."

In other words, fiat money leads to fiat lives, lived inauthentically.

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1. I am indeed disgusted with attempts to misrepresent and take out of context what I wrote on my blog yesterday.


2. Those who did that highlighted only one part of paragraph 12 which read: “Muslims have a right to be angry and to kill millions of French people for the massacres of the past.”

3. They stopped there and implied that I am promoting the massacre of the French.

4.If they had read d posting in its entirety & especially the subsequent sentence which read: “But by & large the Muslims hv not applied the “eye for an eye” law. Muslims don’t. The French shouldn’t. Instead the French should teach their people to respect other people’s feelings

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1. Lt Col Prasad Purohit, a serving Indian army officer, was arrested for terror conspiracy in the Malegaon blast case. He was the co founder of Abhinav Bharat, a right wing Hindu organisation. He admitted that he was the mastermind.

(The Times of India, Pune, 7 November 2008)


2. Lt Col Purohit met Pragya Thakur on 5 Oct 2008 to tell her that "Our People" had carried out the killings in Orissa, burnt down two churches and also carried out the Malegaon blast.

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Ironically, Pragya is BJP's MP today.


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(Pune Mirror, 19 Nov 2008)

4. In his narco analysis test, Lt Col Purohit gave sensational information that he supplied explosives for Ajmer and Malegaon blasts at the instance of Mahant Dayanand Pandey.

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1 So, today we turn to early Islamic Beirut. what do we know of the earliest times of #Beirut under early Islamic rule, starting with the #conquest. How and when did Beirut enter the emerging Muslim empire? -rm


2 Let’s start with traditional sources for the early Islamic period. Of those, only al-Balādhurī (d. ca. 892), the Abbasid scholar, is informative. Other Muslim and non-Muslim sources including al-Ṭabarī's Tārīkh are silent on the matter.-rm


3 In his small tome, Futūḥ al-Buldān, al-Balādhurī tells his readers: “After the conquest of Damascus, Yazīd came to Sidon, ʿArqa, Byblos, and Beirut which lie on the sea coast with his brother Muʿāwiya leading the van of the army.”-rm

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5 Yazīd and the Muslim army likely took the coastal road to Beirut, a path taken by numerous armies before. They would have either swung from Damascus to Baalbek through the Hims gap to ‘Arqa, then Byblos, crossed the Dog River, and arrived at the eastern side of Beirut.
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Iranian Reformist Front (Jebheye Eslathalabane Iran) was officially founded yesterday in Jamaran, Khomeini's historic house near Tehran.

The founding meeting elected Behzad Nabavi as an interim head since he is oldest.

And also 5 people as a committee to draft the IRF's by-laws


The five are:

1- Outspoken Tehran MP @mah_sadeghi
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3- Ali Bagheri (low-key politician)
4- @MansooriAzar , noted reformist politician
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Some more pictures of the meeting.

The next meeting of the group is on Wednesday and will be held virtually.

The top question remains whether and who (and how many candidates) to run for the coming #IranElections2021


The founding statement says the reformists will run a single candidate agreed by all reformist parties but only if elections are to be "free, legal, competitive, just and constitutional"... which is obviously not what's going to happen!

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No surprise that the Russian influence campaign is similar in Australia & the U. S. It's worth watching "Putin’s Patriots: Russian money and influence in Australia" by the ABC

Mitch McConnell's buddy, Oleg Deripaska, is

Let's not forget that McConnell enabled sanctions to be lifted from Deripaska's companies, EN+, Rusal, and EuroSibEnergo, even though a bipartisan group of Senators were against

https://t.co/RlIDzdUOD3

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