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The combination of the Taylor rule and a flexible gold standard should make central banking a boring occupation, which is exactly the point.
“Indeed, as he increasingly masters his native tongue, he tries to make it conform to more logical rules than the language itself may possess, saying “buyed,” “eated,” and “goed” because, even though he has never heard such words spoken, they seem more logical to him—as indeed they are, if you stopped and thinked about it.”
― The Mother Tongue: English and How it Got that Way
― The Mother Tongue: English and How it Got that Way
“Civilisations as yet have only been created and directed by a small intellectual aristocracy, never by crowds. Crowds are only powerful for destruction. Their rule is always tantamount to a barbarian phase. A civilisation involves fixed rules, discipline, a passing from the instinctive to the rational state, forethought for the future, an elevated degree of culture—all of them conditions that crowds, left to themselves, have invariably shown themselves incapable of realising.”
― The Crowd: A Study of the Popular Mind
― The Crowd: A Study of the Popular Mind
“As a writer, I want to express my respect for the author. As fairy tales, these are very good.”
― Death's End
― Death's End
“But the polysemic champion must be set. Superficially it looks like a wholly unseeming monosyllable, the verbal equivalent of the single-celled organism. Yet it has 58 uses as a noun, 126 as a verb, and 10 as a participial adjective. Its meanings are so various and scattered that it takes the OED 60,000 words—the length of a short novel—to discuss them all.”
― The Mother Tongue: English and How it Got that Way
― The Mother Tongue: English and How it Got that Way
“History tells us, that from the moment when the moral forces on which a civilisation rested have lost their strength, its final dissolution is brought about by those unconscious and brutal crowds known, justifiably enough, as barbarians.”
― The Crowd: A Study of the Popular Mind
― The Crowd: A Study of the Popular Mind
Damian’s 2025 Year in Books
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