The intellectual ferment is palpable in times like these. Could it be that our fear of chaos persuades us to embrace Keynesian prescriptions instead of the Austrian (or should it be called austere) school of every man for himself?
In other words, the natural reaction to any setback is to try to "do something" rather than let greed, crime and the vagaries of self-interest bring us all down. Alas, there is no cure for the gorge and purge that seems to be the arc of civilization, but one has to try.
Scott Fitzgerald, who borrowed it, I think, from Keats, and I paraphrase, said that the test of a first-class intelligence is the ability to hold two opposed ideas in his mind and mantain the ability to function. Now I'm trying to figure which basketball game to bet my 401k on this week. Who will win? The Keynes crowd that says somenthing must be done or the Austrian school that says that we're all alone? As usual, I'm torn.
Taking the Sooners tonight at home, against my rules of not wagering on old OU, but convinced that even without Blake Griffin, the boys in crimson and cream will prevail. Looks bad at half-time, but "our chant rolls on and on." So we'll try again tomorrow.
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