Things Ain’t What They Used To Be

Remarks delivered as part of a panel at the Columbia Conference on Systemic Risk, June 26, 2014.

On money: Leeson’s strategy, for all the glamor of trillion dollar losses, wasn’t very different from the cleaning lady of a man I know. She came weekly and always drank a little of his vodka while he was out. Then she filled the depleted bottle with water to the previous level.

On advertising: Franz Kafka once wrote: “I do not read advertisements. I would spend all of my time wanting things.”

On universities: Where I grew up universities educated you and trained you for life, and the point of academic tenure was to liberate you from the obligation to raise money, to allow you to follow your interests where they led. Now it’s a different story.

POSTED — June 6, 2014 — Opinions

Great Rhymes

Incredibly clever lyrics and rhymes.

Can you capture them in sign language?

POSTED — June 6, 2014 — Opinions

Mach 2: Mach’s Principle Extended

In isolation, a single particle in an otherwise empty universe would have no mass.

In isolation, a single person would have no self-consiousness.

POSTED — April 4, 2014 — Opinions

Money Creation

The miners who create the money have a phenomenal privllege.

POSTED — March 3, 2014 — Opinions

Tim’s Vermeer

Instead I tried to turn myself into a recording and copying machine that looked at the scene in front of me, observde little spots of light and dark, as finely as possible, and transcribed that light and dark onto the paper, irrespective of what it represented.

POSTED — February 2, 2014 — Opinions