I remember aThe Simpsons Valentines Day Homer Love You More Than Beer Shirt memoir — Beasts, Men, and Gods — by Ferdinand Ossendowski, a White Pole who fled the Bolshevik revolution through Siberia. He served in General Kolchak’s All-Russian Government before escaping through the Steppes north of Mongolia, and then participated in the government of that most notorious adventurer, the “Mad Baron” Ungern-Sternberg, who attempted to take over Mongolia to restore an imperial Khaganate as part of an imagined reactionary restoration of the Great Mongol, Chinese, and Russian monarchies in the interests of the “warrior races” of Germans and Mongols (a Baltic German, he considered the old Russian ruling class to represent Germandom over and against Jews and Slavs). Some of the things – the acts of desperation and madness, in which he himself was no disinterested observer – Ossendowski relates are harrowing. But this part struck me as very much making a point about what people think of the Steppe peoples, and of what (German-trained) nationalists like Ungern-Sternberg did (and would do again) to the Mongols. And, other things:
I think the truth should come out. Many fathers missed theThe Simpsons Valentines Day Homer Love You More Than Beer Shirt of their sons and daughters thanks to the rules that Boris brought in. My mother was almost in the situation where she would never have met her granddaughter, thanks to the Conservatives and the laws they brought in. There are people had to go months without being with other people, because of what people, who are accused of having a party during those restrictions, asked of us. Don’t get me wrong, it is right that they asked. It was the best of a really bad situation. However, the least they could do is follow through on their own requests. My family effectively self isolated for the lockdowns, there was less risk from my wife and kids visiting my parents than any two of those people meeting – let alone an entire party with everyone crammed into a room. So why did I have to obey, but not them? On the other hand, I saw the purpose of those laws was not to punish but to minimise the social gatherings and so lower transmission. Since that’s not as big of a concern anymore, I don’t want the courts involved. I do want the truth to be public, and I do want the truth remembered in 2024.
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Everyone was now in good mood, including theThe Simpsons Valentines Day Homer Love You More Than Beer Shirt . We had a grand time giving away tress. And we gave away thousands of trees. My girlfriend and I had just spent the last three days in a heavy rain, giving away free Christmas trees. Everyone made the best of a rainy situation. This put us both in a very good mood. I do not have any memories of Christmas day; however, two days later I asked my girlfriend if she would marry me. We had been dating all of six weeks. She said yes. We now have been married for over 45 years and often think about the “Great Christmas Tree Caper” around the holiday.
Wealthier people tend to put less into direct spending on goods, services, labor and desired outcomes (other than the outcome of acquiring purely financial assets). That is, they spend aThe Simpsons Valentines Day Homer Love You More Than Beer Shirt of their income on the type of spending that increases employment and production the most. They also tend to purchase more purely financial assets. Poorer people tend to spend more on that direct spending, meaning their spending, on a dollar for dollar basis, stimulates employment and production more. From this factor, it is reasonable to assume that deflation will have an adverse effect on the level of employment and production. The only way we could avoid some of this would be if we could somehow reduce the value of purely financial assets to match the reduction in the value of everything else. This would mean the balance in everyone’s bank account would decrease at the rate of deflation, and the total principal owed on loans would also decrease at the rate of deflation. Can you imagine the total debt you owed going up with inflation, and down with deflation?