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Political Books

Religious Books -- Not Fundamentalist!

The Fundamentalist Xtians should not be allowed to hijack the language of Christianity. They are at least as much heretics to Christianity as the Arians and Gnostics of early Christian days.

Biblical inerrancy is not possible.

The books both above and below show the limitations of language and the impossibility of Biblical Inerrancy.

How can language be misused? Using General Semantics, this book was Written to explain Nazi propaganda and still used as a textbook

Books - Popular Math, Post Enlightenment & Science

This book explains why the above books on Christian Fundamentalism are politically important in America today.

Modern Society measures risk & predicts possible futures. The book below is a higly readable history of insurance, statistics and modern financial instruments.

Compare this to religion, in which it is presumed that the perfect society was known in the past and all that is necessary to do is to return to that perfect society.

Fascinating, highly readable and fun book on modern mathematics and its limitations. If you are interested in ideas, this is your book!

This is a collection of Hofstader's Scientific American articles. Again, a very fascinationg and highly readable book, requiring no mathematical background. (Buy it used - it is one of the books that will keep disappearing.)

Older, very fascinating book on mathematical ideas. Did you know there are three kinds of infinity?

Wednesday, April 28, 2010
The moral decline of Wall Street.
Do Wall Street banks have an obligation to society? Not according to the Wall Street banks. Their only functions are to create and sell financial products and to make as large a profit as possible for their shareholders and executives.

That's the lesson that Michael Hirsh has taken away from the Senate hearings on Wall Street yesterday. In hindsight is seems obviously true.

Here's the problem. If a deal is profitable but is destructive to society, then under those rules Wall Street is required to conduct the deal - and to profit by it. It doesn't matter to them who else gets hurt, that's their lookout. Do the series of deals lead to a collapse of the world-wide financial markets? Not their problem. They are responsible only for recognizing the problems they are creating in advance, then shorting the markets they themselves have created so that they can make profits out of the collapse.

OK. If that's the way Wall Street want things then society is going to have to step in and protect itself from Wall Street (and London's City) by regulating it. The size and nature of the collapse we recently observed clearly demonstrates that half-hearted regulation is not safe.

If vampires exist and are needed to keep the economy functioning at high efficiency, then it would behoove society to keep the vampires carefully strapped down and closely watched, allowing them very little freedom to go off the reservation and practice their blood-sucking ways without close supervision. They will never need as much blood as they will want.

It's hard to watch the evasion and hubris of the Goldman Sachs bankers yesterday and not comprehend that they are financial vampires with some limited utility in the financial system. That's the core lesson of the Goldman Sachs hearings yesterday.

For a description of the boring nature of the hearing, here is Time's Swampland
The Goldman hearing has conformed to a familiar pattern. Senators begin with pointed questions and descend into demagoguery; the bankers force stoic stares, and then, when they're forced to speak, essentially try to eat up clock until it's time to repeat the excercise.

Three of the four witnesses on this first panel -- Daniel Sparks, Michael Swenson and Josh Birnbaum -- supplied aggressively bland opening statements. The notable exception was Fabrice Tourre, a.k.a. the Fabulous Fab, the lone Goldman employee accused of fraud. In a strident denial, Tourre confronted the charges head on, relying heavily on the Big Boy Defense—that is, the firms who got soaked in the Abacus deal were among the world's most sophisticated investors, making bets that scores of other smart people made, and it's not our job to coddle or second-guess them. “I deny – categorically – the SEC allegation,” he said. The specificity of Tourre's opening remarks – compared to his colleagues, at least – seemed to demonstrate confidence in his case.

From there, though, the hearing has been reduced to basic theatrics.

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Name: Richard

The single most important essay that I have published here is Rule of Law vs. Arbitrary Command.

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