Was talking about this last night with some folks; I’m a light sleeper, so using WNPR as my alarm clock works great.
Digression: I wish I could get a station as hiqh-quality as WNPR or Michigan Public Radio on Sirius, instead of the crappy NPR stations they have.
Second digression: The ads on NPR are still getting worse. They’re not even trying to pretend they aren’t ads anymore.
In any event, I like having NPR as my alarm clock for a few reasons. One, I don’t get this weird sensitization to a certain alarm tone, and then start having weird dreams or failing to wake up to it due to some odd mental process in my brain. The randomness of a different something each morning makes this a non-issue. Two, there are often interesting things going on on the radio, so I want to listen to them and wake up, rather than hit the snooze button.
Well, let’s be completely honest. When they’re on a fund drive, which is pretty much every third day or so, it’s a lot easier to hit snooze and try again in seven minutes.
Anyhow, this morning there were some reactions from random folks to the impending election doom; one guy in some state said something or other. The details aren’t really that important. I’ll paraphrase, probably inaccurately, as it’s from a memory half an hour ago:
As long as our country doesn’t kill babies and let two men be joined in unholy marriage, it doesn’t matter if we go bankrupt. God will take care of us.
I wanted to say something snarky on twitter, but there were too many things, and most of them just cheap shots.
I’ll entertain the premise; God may take care of us as individuals, but that doesn’t mean he’s going to save our country. Shouldn’t the decision be made that separates the issue of our personal moral survival from the health of our country? It feels sort of like a separation of church and state sort of decision in my mind, though this is probably naive or oversimplified on my part.
It’s such a polar difference, though. If you have faith, a statement like this makes perfect sense. If you don’t believe, it sounds like nonsense.
Anyhow, back in reality, what I’ve been saying all along has now been made fact: Greenspan’s late-career policies were stupid. This goes counter to the statements in his book where he contends the market is fine, and he didn’t do anything wrong.
I’m not in the camp that wants to blame Greenspan for everything that’s happening. I think his late-career decisions were more a case of providing the catalyst than causality, but I think there was still an opportunity to correct some of the underlying market risks back then, rather than accelerate them to their current state.
No point in rehashing the past, other than in attempting to avoid it, though. Going to be an interesting ride for a few years.