The End of Independent Central Banks?!

Simon Wren-LewisSimon Wren-Lewis asked a good question yesterday, Can Central Banks Make 3 Major Mistakes in a Row and Stay Independent? He pointed out that the central banks (the Federal Reserve, Bank of England, and so on) are primarily responsible for the housing bubble and resulting market crash. Then, when the governments stupidly turned to austerity, the central banks did nothing — in particular, they didn’t make it clear to policy makers that they really had no tools at their disposal. And the third mistake, Wren-Lewis thinks, is this big push now for the central banks to “normalize” the situation. By that, they mean raise interest rates back to where they would normally be and not right at zero.

Wren-Lewis’ concern is that the central banks acting so badly will cause them to become controlled by elected officials. He thinks this is a bad thing because he looks back to The Great Moderation after Paul Volcker and others tamed the business cycle. I appreciate that way of thinking. At the same time, the central banks are unaccountable plutocratic institutions. Today in the United States, the Fed doesn’t seem to care about workers. It seems only interested in doing the bidding of the banking industry.

It’s kind of hard for me to think that making central banks dependent upon the whims of democratically elected officials is all that bad.

I think it is very interesting that when the European Central Bank was formed, it was not given a dual mandate to stabilize prices and maximize employment; it was only given the mandate to stabalize prices. This fact almost caused the EU to break apart in 2010 when the bank didn’t seem to see its purpose as being the lender of last resort. But the point is that things have changed so much since the 1960s when it was generally agreed that people needed jobs. Now the plutocrats are in charge and all they care about is making their own lives better.

So it’s kind of hard for me to think that making central banks dependent upon the whims of democratically elected officials is all that bad. As Simon Wren-Lewis noted, “What central banks should be doing in these circumstances is allowing their economies to run hot for a time, even though this might produce some increase in inflation above target.” But instead, we are getting the opposite. After years of stagnant wage growth, the first sign of increasing wages makes them freak out and want to slow the economy. As Dean Baker always says, this is a decision to put millions of people out of work.

As long as we have a central bank that cares only about the interests of the financial industry, I think it is a mistake to have it independent. In that case, no matter how good the government’s fiscal management, regular workers will continue to see their wages stagnate. And they will be the lucky ones in that they at least have jobs. The Federal Reserve has been unable to help the American worker for almost a decade, but can (and apparently will) hurt the American worker as the economy improves. This makes me wonder about independent central banks. We the people have to take control — either directly or by putting better people in them.

Morning Music: Two Special Moment in Paris

Luxembourg Garden GazeboI want to take a quick break from Merle Haggard, just because I feel like it. I remember two major things about being in Paris. We performed at many places but two really stood out. The first was Notre Dame de Paris. The thing about that was that we were only allowed to perform sacred music there. That cut out most everything we did. The only thing I can remember that we did was Bach’s cantata Herz und Mund und Tat und Leben, which means something like “Heart and Mouth and Deed and Life.” You probably know it best from last of its ten movements, “Jesu, Joy of Man’s Desiring.” For whatever reason, I just want to listen to it today.

It was very special to perform there. I’m not religious and I never have been. But I love religious art, architecture, music, and even ceremony. It’s all meant to heighten the religious experience. But to me, all that peripheral stuff is the religious experience. And they are probably more important than ideas in the religion anyway — especially for the illiterate masses that followed the religion all those years in a language they didn’t understand.

The other great Paris experience was performing under a gazebo in the Luxembourg Garden. It was probably a weekend afternoon and there were many hundreds of people sitting around listening to us. They hadn’t come to listen to us. They were just there. People played there all the time. It was a pleasant way to spend an afternoon. But we were perhaps 15 minutes into our performance and it started to rain — hard. I figured everyone would run away. But they didn’t. They just opened up umbrellas and continued to listen. It was one of the most remarkable experiences of my life.

Anniversary Post: The Apple I at 40 Years Old

I am out of time, and I must get up early and visit my brother this morning. So I’m replaying last year’s anniversary post. But it’s quite interesting. It’s worth another go. -FM

Apple IToday, the Apple I is 40 years old. The company itself was started just ten days earlier. It’s interesting that in the public consciousness, Apple is Steve Jobs. Yet the first Apple computer was not built by Steve Jobs. In fact, I don’t think that Steve Jobs ever built a computer. He was the sales guy — the PR man. The Apple I was built by Steve Wozniak. So was the Apple II. Wozniak was the tech guy of the company for as long as the company couldn’t afford to hire tech people from outside.

Apparently, a year earlier, Wozniak had attended a computer club meeting. He was so inspired that he decided to build his own computer. And a year later, he had. Forgive me for not thinking much about the non-technical aspects of business, but I just don’t think that Jobs’ “idea” of selling the computer was all that brilliant. But he’s the man who everyone remembers. And he’s the man who every know-nothing uses (along with Bill Gates) as examples of entrepreneurship and why we need to keep Mitt Romney’s taxes low.

The Apple I was a pretty basic unit. It came with 4 KB of memory — which could be expanded to 8 KB on board or 48 KB with expansion cards. I know, this sounds like nothing. But the truth is that with 48 KB, there are some pretty decent user applications that can be created. In particular, I’ve run totally acceptable word processors and spreadsheets on computers of that quality. But the biggest thing that limited all computers of that age was the video. The Apple I had a 40×24 character display. It looked something like this:

On March 5, 1975 Steve Wozniak attended
the first meeting of the Homebrew
Computer Club in Gordon French’s garage.
He was so inspired that he immediately
set to work on what would become the
Apple I computer. Wozniak calculated
that laying out his design would cost
$1,000 and parts would cost another $20
per computer; he hoped to recoup his
costs if 50 people bought his design
for $40 each. His friend Steve Jobs
obtained an order from a local computer
store the Byte Shop the affordable
computer store in Mt View California
for 50 computers at $500 each. To
fulfill the $25,000 order, they obtained
$20,000 in parts at 30 days net and
delivered the finished product in 10
days. Apple went on to be one of the
biggest computer companies in the world
by stealing innovations of other
companies and suing any competitors. Now
people buy Apple products because of its
brand, even though better products at
cheaper prices are widely available.

Happy anniversary Apple I!

Cultural Christians and Bigotry in Tennessee

Cultural Christians Lie in TennesseeLast Wednesday, the Tennessee House voted 68-22 for a bill that would allow mental health professionals to refuse to treat patients on the grounds of the counselors’ religious beliefs. It’s just another “hate the fags” law and a big sign that on this issue at least, the cultural Christians are not only losing, they are terrified. This vote reminds me of the comment from yesterday’s anniversary post where an explicitly racist judge ranted from the bench.

Let’s think about this for a moment. This law is designed to make it harder for LGBT people to get counseling services. In what way is this Christian? In the Gospels, Jesus doesn’t have a problem going around and ministering to anyone at all. But apparently, these Christian counselors have to be protected from the rules of their profession, the American Counseling Association, that they can’t tell LGBT people that they are wrong or sinful. You have to ask: why didn’t such counselors go into the church instead?

Two days before the House voted on its ridiculous bill, the Tennessee Senate voted on an even more ridiculous bill, SB1108, which “designates the Holy Bible as the official state book.”

Think of a lawyer who is defending a murderer. I would assume that the lawyer would be against murder; pretty much everyone is; the truth is that the vast majority of murderers are against murder. But the purpose of the lawyer is not to judge the murderer but to provide them legal services as dictated by the ABA. Yet where are the laws being passed to protect Christian defense attorneys from having to defend people who have sinned in God’s eyes? I’ve never heard of any such thing, and I have no doubt that such a law would go down in flames in the Tennessee House.

Cultural Christians and Bigotry

So this really isn’t about Christianity. This is just about attacking one minority group that a certain section of cultural Christians have decided is more important than everything else. And shame on them for using the cover of their religious freedom to justify it. These are not just bad Christians and bad Americans, these are anti-Christians and anti-Americans. These are people for whom their bigotry is more important than both their religion and their country.

Meanwhile, we had the Catholic Church release, The Joy of Love. And yes, it isn’t radical. I actually get rather cross at people who think that the Catholic Church is suddenly going to accept same sex marriage or allow priests to marry. But the document is about acceptance. And based upon where the document started two years ago, we know that Francis himself would like to go a good deal further on these matters. But my point is that even the sclerotic Catholic Church is trying to reach out, but these American cultural Christians just want to segregate.

Two days before the House voted on its ridiculous bill, the Tennessee Senate voted on an even more ridiculous bill, SB1108, which “designates the Holy Bible as the official state book.” The House approved the same thing last year by a vote of 55-38. The Senate passed SB1108 by a vote of 16-8.

I’d like to say that it is obviously unconstitutional, but it is hard to say anything is obvious in the federal courts anymore. But most opponents are making that argument. Happily, some Christians are making the argument that making the Bible the state book “trivializes something they hold sacred.” Yes! If you actually care about your religion, you treat your holy texts as something more than a cultural symbol of how “everyone ’round here believes it!”

The world of religion is wild and wacky. And I’m always interested to hear what serious people think about religion. But what I come upon in this country is mostly a bunch of people who believe it because it is in that book that their parents told them was the truth. Cultural Christians have absolutely nothing to add to any theological discussion. They use their religion as a cultural signifier to tell the world that they are the right kind of people and the rest of us aren’t.

Morning Music: Merle Haggard

Strangers - Merle HaggardSince Merle Haggard died last week, I figured we’d spend some time listening to his music. He’s always been a struggle for me because on the one hand, he was one of the most talented songwriters ever. On the other hand, he wrote “Okie from Muskogee” and “The Fightin’ Side of Me” — two of the most vile and reactionary songs ever. And they weren’t the only ones.

The thing is, I think Haggard was a smart and thoughtful guy. But that kind of working class bigotry toward anyone considered an outsider came all too easy for him. It’s weird and it also explains why he was all over the board when he discussed these songs. Mostly, I don’t think he much knew what he was doing. He just wrote the songs and how ever they turned out was okay. Analysis was not really what he did. But he should have. Anyone with his background and good fortune should have embraced the outsider to the core of his being.

Five years after his release from San Quentin Prison, Merle Haggard released his first album, Strangers. It’s not a great album. Over half of it is other people’s material, and I’ve never been so much taken with him as a performer. And it doesn’t include his best material. But much of it is quite fine indeed. It isn’t very distinctive, however. In particular, today’s song, “If I Had Left It Up To You” sounds like George Jones wrote it. And that’s true of most of the tunes on the album, they sound like someone else wrote them. But that doesn’t make them any less good. And for a first album, well, wow.

Anniversary Post: Halley’s Comet’s Very Close Approach

Halley's CometOn this day in 837, Halley’s Comet came the closest to the Earth in the entirety of human history. It came within almost three million miles (0.03 AU), which, by astronomical standards, is nothing. It is estimated that its tail spanned 60° across the sky. To see it today would be awe inspiring. To most of the people at that time, it was probably terrifying.

I’ve written before about going out to the beach in the early morning in 1986 to see it. The comet was at a distance of 0.42 AU and nothing but a smudge on the sky. It was the worst observational opportunity for at least 2,000 years. I remember seeing Carl Sagan speak on his book tour for Comet and he said that if anyone was alive in 2061, it would be a much greater show. And in 2134, it would be spectacular.

What did he mean? In 2061, we will at least be on the same side of the sun when Halley’s comet reaches perihelion. Unfortunately, I can’t find any data on just how close we will come. But in 2134, we will come within 0.09 AU. That should be quite a show. Of course, as time goes on, the comet gets smaller and smaller, so if we really want to dream, we should imagine being around in 837.

It’s these kinds of things that make me regret our short lifetimes. Usually, the changes of the human body, the degradation of the mind, make me welcome death — at least eventually. Not that one can reasonably complain. I mean, did we not just get to see the unmasking of Pluto in real time? And I still thrill to see the occasional shooting star. Every time has its advantages. And I’ve lived during the most exciting time in the history of astronomy.

Heil Honey I’m Home!

Heil Honey I'm Home!On Thursday, the anniversary post was, Attila the Hun and Monty Python’s Worst Sketch. I was complaining about an awful little skit called, “The Attila the Hun Show,” which is a parody of 1950s sitcoms. And it is terrible. Jurgan then commented, “Kind of reminds me of Heil Honey I’m Home!” I had never heard of it, but luckily, the first episode is on YouTube.

Jurgan was right. Heil Honey I’m Home! is exactly what Monty Python was going for. But instead of it going on for just about the most painful minute of television ever, this show goes on for 25 glorious minutes. But before we get to it, let me explain the premise. Hitler and Eva Braun live in Berlin in 1938. Their next door neighbors are Arny and Rosa Goldenstein, a Jewish couple. Basically, it’s I Love Lucy, but with a war criminal.

Eight episodes of the show were made. Only the first was shown. This is not surprising. According to Wikipedia, historian Marian Calabro called it “perhaps the world’s most tasteless situation comedy.” It’s not surprising. There were a lot of people in the 1960s who thought that Hogan’s Heroes was tasteless. Heil Honey I’m Home! is on a whole other level.

Just the same, unlike “The Attila the Hun Show,” Heil Honey I’m Home! is actually fairly funny. The joke isn’t that Hitler is funny but rather that the shows of these types trivialized the complexity and danger of the real world. And although it is going for a 1950s feel, there isn’t much that changed about sitcoms from then and when the show aired in 1990. For example, The Cosby Show ran from 1984 through 1992. Everything always worked out fine by the end of each episode, even if Bill Cosby himself was drugging and raping women at night.

The first episode revolves around a visit from Neville Chamberlain. Hitler says if Eva isn’t nice to him, he won’t tell her why Chamberlain is coming to dinner. Eva replies, “You don’t have to tell me why! I know why: it’s Czechoslovakia; you finally did it!” Everything gets completely out of hand with Chamberlain, Eva, and Arny doing a conga line as Hitler hides the Munich Agreement — referred to as “Peace in Our Time” because they think Americans wouldn’t know the difference between an agreement and a speech. But Hitler signs it just to save face and the episode ends with Eva and Adolph calling themselves their nicknames and kissing.

On one hand, it is surprising that British Satellite Broadcasting thought the show was worth investing in eight episodes worth of this. On the other, who knows what’s going to work? And it does work. There is something strangely not offensive about the show. I suspect that people were offended by it because they felt like they ought to be offended. What I wonder about is where the show went from here. I suspect nowhere — that it just continued to be a simple parody of the anemic sitcom. And because of that, I’m not disappointed that I will likely never get to see the other seven episodes.

Morning Music: Cross Road Blues

Robert Johnson: The Complete RecordingsThe final song that I used in my videos was Robert Johnson’s “Cross Road Blues.” There are two versions of it. This is the slower version and strikes me as more haunting, although the two versions are similar. The song tells the story of the singer going down to the crossroads and trying to catch a ride. But no one stops, “Didn’t nobody seem to know me.” And he’s praying to God that he gets a ride before nightfall.

It seems like a spiritual: when humans let you down, you can always turn to God. But the thing about such songs is that they never have a happy ending. Indeed, they have no ending at all. This is because they are all about faith. God will reward the faithful. I don’t much see it myself. To me, we live in a world of callousness and loneliness with nothing but our own thoughts to keep us company.

When I think seriously about the human condition, I’m very disturbed. We are, in our consciousness, completely cut off from other people. We are, in fact, totally alone. But we are so used to the idea that there are others around to interact with that the clear view of reality it terrifying. We are all down at the crossroads trying to flag a ride. But it isn’t that they don’t know us; they don’t even know we exist because they are all so lost in their own lonely delusions.

As for the music on “Cross Road Blues,” well, it’s amazing. I’m still struck with just how modern it sounds. It probably helps that just about every rock musician has recorded the song. But there’s something more than that. There’s a reason that Robert Johnson stands out compared to other musicians of that period in the Mississippi delta. It’s hard to believe it’s just one man and a guitar performing.

Anniversary Post: Journey of Reconciliation

Journey of ReconciliationOn this day in 1947, the Journey of Reconciliation started. Eight black and eight white men who road interstate buses into segregated states. These would later be called “freedom rides.” A year earlier, in Irene Morgan v Commonwealth of Virginia, the Supreme Court (in the 6-1 decision), found that segregated interstate buses were an “undue burden on commerce.” But the southern states refused to follow the law, and these sixteen men were protesting to get the states to follow the federal law.

This is one of the many funny things about libertarians. They have this idea that if you just leave people alone, everyone will get along just fine. Well, the federal courts can determine one thing, but if the local governments don’t follow along, nothing happens. It is just might makes right, which is why African Americans were stopped from voting for such a long time. But if only there were no government, then the mighty would respect the rights of the weak, right?

Anyway, the men were abused and arrested various places. In particular, some of the men were arrested in North Carolina. At sentencing, the good Christian Judge Henry Whitfield told the defendants, “It’s about time you Jews from New York learned that you can’t come down here bringing your niggers with you to upset the customs of the South. Just to teach you a lesson, I gave your black boys thirty days, and I give you ninety.” I can’t find out anything about this judge, but you can depend upon the fact that he had a good life and never had to rethink his bigotry.

Anyway, 69 years ago, the Journey of Reconciliation started. It lasted for two weeks. The struggle for freedom is a slow and difficult one.

On Over-Thinking Bob’s Burgers

Bob's BurgersI had to go to the hospital this morning. The doctor didn’t tell me why, so I figure it is just that she is a vampire. Either that or it is standard when you get a check-up. I prefer to think she’s a vampire. Regardless, afterwards, I was waiting for my ride so I called up Andrea. Now Andrea can be the most charming person in the world. But she fell into a bit of a depression about three years ago and so our conversations mostly involve my bringing up random things to see if I can get her interested in anything. One of those today was Bob’s Burgers.

Normally, I don’t bring up Bob’s Burgers because I’ve used the show a lot. Speaking of which, here’s a great bit. After Louise said, “Why is the front door open?” And Gene responds, “Maybe God closed a window?” Now come on folks, that’s great comedy. But maybe I just like it because I hate that platitude. My thought has always been that when God closes a door, he usually collapses the roof on you as well. But I wasn’t thinking about that. I was, as I often do, speculating about the future lives of the kids.

And Andrea said, “You’re way over-thinking this show.” And I thought that was a distinctly unkind thing to say. To begin with, she is the person who introduced me to the show. But more important, I over-think everything. That is who I am and she should know it better than just about anyone. If I didn’t over-think things, I wouldn’t be Frank. And over-thinking trivial things is what I’m especially good at. Did I not write, The Evolution of the Pets.com Sock Puppet? And, The Shocking True Story of Twin Chickens? And, Bugs Bunny: Rabbit or Hare? Yes, yes, and yes!

But my fascination with Bob’s Burgers is not just that it is a hilarious show. Much more important is the fact that Bob’s Burgers is the story of my childhood. My parents always had some little business that was barely getting by. When I was older, we had had a deli, and I remember that at the end of each month, it was this big production to get the money for the rent — just like in the show. And notice that it is a dysfunctional family, but not a hateful one. If I were going to fictionalize my childhood, it would be something like Bob’s Burgers.

So I think that it is about the most accurate depiction of an American family that has ever been on television. The only thing I can think of that even comes close is Roseanne. But this is from my perspective. I come from people who might be described as white trash with big dreams. But both of my parents were the black sheep of their families and so it shouldn’t come as any surprise that the world ended up with me. It’s probably a good thing that I never had kids. If I had had a son, he probably would have been someone like the Unibomber, but with puppets or confetti or something.

Regardless, many people may be able to over-think Bob’s Burgers, but I can’t. And yesterday, when Bob made peace with his father, I cried like a baby — even as I laughed, because Bob is awkward in much the same way I am. Oh, the humanity!

Update: I’m Not Sick

Thank you for all the kind wishes, but I’m not sick. I just haven’t been to the doctor in about 8 years, and thanks to Obamacare, I have a doctor. So I got a check-up and she sent me to get a little blood drawn. And how she has me on Kelp. I feel like a sea otter.

Actually, as a result of going to the doctor, I caught a minor cold. Next time: mask and gloves!

Morning Music: Six Pack by Black Flag

Black Flag - Six PackProbably the most bizarre choice for my video music is Black Flag’s song “Six Pack.” They are (I guess they are back together) quite an interesting band. It was really the Greg Ginn show. He’s a genius. Everyone today thinks of it as Henry Rollins’ band. But they went through many singers before Rollins. And certainly Rollins always saw it was Ginn’s band. And in those early heady days before their first album, they released a few EPs, including Six Pack.

I had never heard it, but I was over at The Last Record Store, going through their $5 or 3 for $10 bin and found this micro-CD with a total of three songs and five and half minutes of music — closer to a single, to be honest. But I was glad I bought it; it packs a punch.

The lead vocalist on Six Pack is Dez Cadena — later a wondering singer and guitarist, most notably with Misfits during the Bush years. He is apparently the third singer that Black Flag had. Henry Rollins took over from him, but Cadena didn’t leave the band; he just switched to rhythm guitar on what is almost certainly their greatest album, Damaged. There is, interestingly, another version of “Six Pack” with Rollins doing lead vocals on that album. It’s similar, but I actually prefer this Cadena cut — not because of the vocals but the purity of the performance.

The subject matter is classic. It’s kind of the punk version of the Merle Haggard (RIP) classic, “I Think I’ll Just Stay Here and Drink.” It’s just a guy ranting about how he doesn’t need his ex-girlfriend because he has a six-pack and $35 dollars to his name. I can’t help but think that Greg Ginn was writing from experience.

The following video has the entire EP. “Six Pack” is first, followed by “I’ve Heard It Before” and “American Waste.”

Anniversary Post: Siege of Leningrad

Siege of LeningradAccording to Wikipedia, on this day in 1942, the Soviet forces managed to open up a “much-needed railway link” during the Siege of Leningrad. That’s important stuff that not much attention is paid to by normal people: supply chains. To military people, well, it’s one of the biggest things they think about. And I have to admit to being in awe of the organizational capabilities of the US military. But then, I love systems; so it is a lot easier for me to get excited about how you manage to feed a couple hundred thousand troops than military tactics.

I was in a conversation with one of “my writers” who lives in Bosnia about World War II. He is really well informed about it. In fact, he pushed back a bit against the theory, Stalin, Not the Bomb, Defeated Japan. We were actually talking about Erwin Rommel and the plot to kill Hitler. He mentioned something that I had never thought about: that the war might have gone on longer if the military had been able to take control of Germany.

I had always assumed that if they had, the military government would have sued for peace. But it’s possible that the Allies would not have accepted anything but complete surrender, given that FDR had said just that. Rommel and company were proud men and probably wouldn’t have accepted that. I think it is more likely that FDR was just being rhetorical — at least as regards a non-Hitler Germany. But one can never say in alternative history, which is why it is so much fun.

But the reason that I’m bringing this all up is that I’ve always thought that if Hitler had not broken his pact with Stalin, World War II would have ended rather differently. Certainly I don’t know. I’m not that much up on this history (and it isn’t a period I’m that interested in, anyway). But if all those wasted resources on the eastern front had been put to the west, could the Nazis have been stopped? I wonder.