Lasse Skou Lindstad > Lasse's Quotes

“War made the state, and the state made war”
― Charles Tilly

“What is good? All that heightens the feeling of power, the will to power, power itself. What is bad? All that is born of weakness. What is happiness? The feeling that power is growing, that resistance is overcome.”
― Friedrich Nietzsche

“Freedom is what we do with what is done to us.”
― Jean-Paul Sartre

“The mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation. From the desperate city you go into the desperate country, and have to console yourself with the bravery of minks and muskrats. A stereotyped but unconscious despair is concealed even under what are called the games and amusements of mankind. There is no play in them, for this comes after work. But it is a characteristic of wisdom not to do desperate things.”
― Henry David Thoreau, Walden or, Life in the Woods

“Stood in firelight, sweltering. Bloodstain on chest like map of violent new continent. Felt cleansed. Felt dark planet turn under my feet and knew what cats know that makes them scream like babies in night.

Looked at sky through smoke heavy with human fat and God was not there. The cold, suffocating dark goes on forever and we are alone. Live our lives, lacking anything better to do. Devise reason later. Born from oblivion; bear children, hell-bound as ourselves, go into oblivion. There is nothing else.

Existence is random. Has no pattern save what we imagine after staring at it for too long. No meaning save what we choose to impose. This rudderless world is not shaped by vague metaphysical forces. It is not God who kills the children. Not fate that butchers them or destiny that feeds them to the dogs. It’s us. Only us. Streets stank of fire. The void breathed hard on my heart, turning its illusions to ice, shattering them. Was reborn then, free to scrawl own design on this morally blank world.

Was Rorschach.

Does that answer your Questions, Doctor?”
― Alan Moore, Watchmen

“The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.”
― Joan Robinson

“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.”
― John Maynard Keynes

“The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.”
― Ha-Joon Chang, 23 Things They Don't Tell You About Capitalism

“You must have chaos within you to give birth to a dancing star.”
― Friedrich Nietzsche

“You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven.”
― Yuval Noah Harari, Sapiens: A Brief History of Humankind

“Above all, do not lose your desire to walk. Everyday, I walk myself into a state of well-being & walk away from every illness. I have walked myself into my best thoughts, and I know of no thought so burdensome that one cannot walk away from it. But by sitting still, & the more one sits still, the closer one comes to feeling ill. Thus if one just keeps on walking, everything will be all right.”
― Søren Kierkegaard

“Sometimes people don't want to hear the truth because they don't want their illusions destroyed.”
― Friedrich Nietzsche

“Rorschach's Journal: October 12th, 1985

Dog carcass in alley this morning, tire tread on burst stomach. This city is afraid of me. I have seen its true face.

The streets are extended gutters and the gutters are full of blood and when the drains finally scab over, all the vermin will drown.

The accumulated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout "Save us!"... and I'll look down and whisper "No.”
― Alan Moore, Watchmen

“Creativity always comes a surprise to us; therefore we can never count on it and we dare not believe in it until it has happened. In other words, we would not consciously engage upon tasks whose success clearly requires that creativity be forthcoming. Hence, the only way in which we can bring our creative resources fully into play is by misjudging the nature of the task, by presenting it to ourselves as more routine, simple, undemanding of genuine creativity that it will turn out to be”
― Albert O. Hirschman

“It is better to be roughly right than precisely wrong.”
― John Maynard Keynes

“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.”
― John Maynard Keynes

“The master-economist must possess a rare combination of gifts .... He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man's nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.”
― John Maynard Keynes

“The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.”
― John Maynard Keynes

“Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.”
― John Maynard Keynes

“Two Catholics who have never met can nevertheless go together on crusade or pool funds to build a hospital because they both believe that God was incarnated in human flesh and allowed Himself to be crucified to redeem our sins. States are rooted in common national myths. Two Serbs who have never met might risk their lives to save one another because both believe in the existence of the Serbian nation, the Serbian homeland and the Serbian flag. Judicial systems are rooted in common legal myths. Two lawyers who have never met can nevertheless combine efforts to defend a complete stranger because they both believe in the existence of laws, justice, human rights – and the money paid out in fees. Yet none of these things exists outside the stories that people invent and tell one another. There are no gods in the universe, no nations, no money, no human rights, no laws, and no justice outside the common imagination of human beings.”
― Yuval Noah Harari, Sapiens: A Brief History of Humankind

“There he goes. One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die.”
― Hunter S. Thompson, Fear and Loathing in Las Vegas: A Savage Journey to the Heart of the American Dream

“A desk is a dangerous place from which to watch the world.”
― John le Carré, The Honourable Schoolboy

“Sometimes we have to do a thing in order to find out the reason for it. Sometimes our actions are questions, not answers.”
― John le Carré, A Perfect Spy

“Ideologies have no heart of their own. They're the whores and angels of our striving selves.”
― John le Carré

“Transcending divisiveness is one of the dreams of centrists, as if disagreement were a bad habit rather than fundamental to politics.”
― Doug Henwood, My Turn: Hillary Clinton Targets the Presidency

“The “German problem” after 1970 became how to keep up with the Germans in terms of efficiency and productivity. One way, as above, was to serially devalue, but that was beginning to hurt. The other way was to tie your currency to the deutsche mark and thereby make your price and inflation rate the same as the Germans, which it turned out would also hurt, but in a different way.

The problem with keeping up with the Germans is that German industrial exports have the lowest price elasticities in the world. In plain English, Germany makes really great stuff that everyone wants and will pay more for in comparison to all the alternatives. So when you tie your currency to the deutsche mark, you are making a one-way bet that your industry can be as competitive as the Germans in terms of quality and price. That would be difficult enough if the deutsche mark hadn’t been undervalued for most of the postwar period and both German labor costs and inflation rates were lower than average, but unfortunately for everyone else, they were. That gave the German economy the advantage in producing less-than-great stuff too, thereby undercutting competitors in products lower down, as well as higher up the value-added chain. Add to this contemporary German wages, which have seen real declines over the 2000s, and you have an economy that is extremely hard to keep up with. On the other side of this one-way bet were the financial markets. They looked at less dynamic economies, such as the United Kingdom and Italy, that were tying themselves to the deutsche mark and saw a way to make money.

The only way to maintain a currency peg is to either defend it with foreign exchange reserves or deflate your wages and prices to accommodate it. To defend a peg you need lots of foreign currency so that when your currency loses value (as it will if you are trying to keep up with the Germans), you can sell your foreign currency reserves and buy back your own currency to maintain the desired rate. But if the markets can figure out how much foreign currency you have in reserve, they can bet against you, force a devaluation of your currency, and pocket the difference between the peg and the new market value in a short sale.

George Soros (and a lot of other hedge funds) famously did this to the European Exchange Rate Mechanism in 1992, blowing the United Kingdom and Italy out of the system. Soros could do this because he knew that there was no way the United Kingdom or Italy could be as competitive as Germany without serious price deflation to increase cost competitiveness, and that there would be only so much deflation and unemployment these countries could take before they either ran out of foreign exchange reserves or lost the next election. Indeed, the European Exchange Rate Mechanism was sometimes referred to as the European “Eternal Recession Mechanism,” such was its deflationary impact. In short, attempts to maintain an anti-inflationary currency peg fail because they are not credible on the following point: you cannot run a gold standard (where the only way to adjust is through internal deflation) in a democracy.”
― Mark Blyth, Austerity: The History of a Dangerous Idea

“The correct answer to almost any question in economics is: It depends.”
― Dani Rodrik, Economics Rules: The Rights and Wrongs of the Dismal Science

“You will become way less concerned with what other people think of you when you realize how seldom they do.”
― David Foster Wallace, Infinite Jest

“You may think that tax policy sounds like the most boring topic in the world. That is precisely what most governments, corporations, and special interests would like you to think, because tax policy is where much of society and the economy gets shaped. It is also where well-informed citizens can achieve socioeconomic revolutions with astonishing speed and effectiveness—but only if they realize how much power they might wield in this domain. If citizens don’t understand taxes, they don’t understand how, when, and where their government expropriates money, time, and freedom from their lives. They also don’t understand how most governments bias consumption over savings, and bias some forms of consumption over other forms, thereby distorting the trait-display systems that people might otherwise favor.”
― Geoffrey Miller, Spent: Sex, Evolution, and Consumer Behavior

“Who makes the world? Perhaps the world is not made. Perhaps nothing is made. Perhaps it simply is, has been, will always be there…a clock without a craftsman.”
― Alan Moore, Watchmen