Inflation Best Quotes

An intense, peculiar exhalation of light and colour emanates from these fantasies of mine. I start with surprise as I note one good thing after another, and tell myself that this is the best thing I have ever read. My head swims with a sense of satisfaction; delight inflates me; I grow grandiose.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

Gas prices are so high that people are trying to save money by demanding absurd deals, like Buy One Duck, Get Twelve FREE. I always respond, "Are you crazy? The best I can do is Buy Two, Get Eleven FREE.

Even the best national currency of the postwar period, the German mark, lost 71 percent of its value from January 1, 1949, through the end of June 1995. In the same period, the U.S. dollar lost 84 percent of its value.9 This inflation had the same effect as a tax on all who hold the currency.

An imaginary circle of empathy is drawn by each person. It circumscribes the person at some distance, and corresponds to those things in the world that deserve empathy. I like the term "empathy" because it has spiritual overtones. A term like "sympathy" or "allegiance" might be more precise, but I want the chosen term to be slightly mystical, to suggest that we might not be able to fully understand what goes on between us and others, that we should leave open the possibility that the relationship can't be represented in a digital database. If someone falls within your circle of empathy, you wouldn't want to see him or her killed. Something that is clearly outside the circle is fair game. For instance, most people would place all other people within the circle, but most of us are willing to see bacteria killed when we brush our teeth, and certainly don't worry when we see an inanimate rock tossed aside to keep a trail clear. The tricky part is that some entities reside close to the edge of the circle. The deepest controversies often involve whether something or someone should lie just inside or just outside the circle. For instance, the idea of slavery depends on the placement of the slave outside the circle, to make some people nonhuman. Widening the circle to include all people and end slavery has been one of the epic strands of the human story - and it isn't quite over yet. A great many other controversies fit well in the model. The fight over abortion asks whether a fetus or embryo should be in the circle or not, and the animal rights debate asks the same about animals. When you change the contents of your circle, you change your conception of yourself. The center of the circle shifts as its perimeter is changed. The liberal impulse is to expand the circle, while conservatives tend to want to restrain or even contract the circle. Empathy Inflation and Metaphysical Ambiguity Are there any legitimate reasons not to expand the circle as much as possible? There are. To expand the circle indefinitely can lead to oppression, because the rights of potential entities (as perceived by only some people) can conflict with the rights of indisputably real people. An obvious example of this is found in the abortion debate. If outlawing abortions did not involve commandeering control of the bodies of other people (pregnant women, in this case), then there wouldn't be much controversy. We would find an easy accommodation. Empathy inflation can also lead to the lesser, but still substantial, evils of incompetence, trivialization, dishonesty, and narcissism. You cannot live, for example, without killing bacteria. Wouldn't you be projecting your own fantasies on single-cell organisms that would be indifferent to them at best? Doesn't it really become about you instead of the cause at that point?

According to Cantillon, the beneficiaries from the expansion of the money supply are the first recipients of the new money, who are able to spend it before it has caused prices to rise. Whoever receives it from them is then able to spend it facing a small increase in the price level. As the money is spent more, the price level rises, until the later recipients suffer a reduction in their real purchasing power. This is the best explanation for why inflation hurts the poorest and helps the richest in the modern economy.

Moffat's prose is fine: clear and steady, with just enough sweeping statements about destiny and dragons to keep things well inflated. The characters are appealing archetypes: Fernwen the scholarly dwarf is the everynerd, doing his best to live through the adventure. Telemach Half-Blood is the hero you wish you could be. He always has a plan, always has a solution, always has secret allies that he can call upon - pirates and sorcerers whose allegiance he earn with long-ago sacrifices.

The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.

There is every reason to believe that the largest fortunes are often those that are best indexed and most diversified over the long run, while smaller fortunes—typically checking or savings accounts—are the most seriously affected by inflation.

the varieties of models for how inflation might have been implemented seem much less worth recording, for we know that at best one of the variants now under discussion can be on the right track, and the record suggests there will be more to consider.

The best protection against inflation, according to Buffett, is your own earning power. If you constantly increase your earning power, you’ll be sure to get your share of the economic pie. The next best thing is to own wonderful businesses, especially those that have low capital requirements.

If, redesigning our education system from scratch, it was suggested that we should attempt to teach Swahili to children but carry out those lessons in another foreign tongue, such as Swedish, this would rightly be derided as lunacy. Yet this is not so very far from what we are attempting to do. Take Coyne, for example. He is 14 now. His grasp of English is, at best, tenuous. Despite this, we are trying to teach him to speak French. Equally, his mathematical ability is next to nil; we are trying, in economics lessons, to explain concepts like inflation and money supply to a boy who can’t add..

Politics, children: at the best of times a bad dirty business. We should have avoided it, I should never have dreamed of purpose, I am coming to the conclusion that privacy, the small individual lives of men, are preferable to all this inflated macrocosmic activity. But too late. Can’t be helped. What can’t be cured must be endured.

They have the opposite problem: they shoulder intolerable burdens of self-disgust, self-contempt, shame and self-consciousness. Thus, instead of narcissistically inflating their own importance, they don’t value themselves at all, and they don’t take care of themselves with attention and skill. It seems that people often don’t really believe that they deserve the best care, personally speaking. They are excruciatingly aware of their own faults and inadequacies, real and exaggerated, and ashamed and doubtful of their own value. They believe that other people shouldn’t suffer, and they will work diligently and altruistically to help them alleviate it. They extend the same courtesy even to the animals they are acquainted with—but not so easily to themselves.

Because there’s such an unbelievable amount that we’re all supposed to be able to cope with these days. You’re supposed to have a job, and somewhere to live, and a family, and you’re supposed to pay taxes and have clean underwear and remember the password to your damn Wi-Fi. Some of us never manage to get the chaos under control, so our lives simply carry on, the world spinning through space at two million miles an hour while we bounce about on its surface like so many lost socks. Our hearts are bars of soap that we keep losing hold of; the moment we relax, they drift off and fall in love and get broken, all in the wink of an eye. We’re not in control. So we learn to pretend, all the time, about our jobs and our marriages and our children and everything else. We pretend we’re normal, that we’re reasonably well educated, that we understand “amortization levels” and “inflation rates.” That we know how sex works. In truth, we know as much about sex as we do about USB leads, and it always takes us four tries to get those little buggers in. (Wrong way round, wrong way round, wrong way round, there! In!) We pretend to be good parents when all we really do is provide our kids with food and clothing and tell them off when they put chewing gum they find on the ground in their mouths. We tried keeping tropical fish once and they all died. And we really don’t know more about children than tropical fish, so the responsibility frightens the life out of us each morning. We don’t have a plan, we just do our best to get through the day, because there’ll be another one coming along tomorrow.

US/THEM-ING TYPICALLY involves inflating the merits of Us concerning core values—we are more correct, wise, moral, and worthy when it comes to knowing what the gods want/running the economy/raising kids/fighting this war. Us-ness also involves inflating the merits of our arbitrary markers, and that can take some work—rationalizing why our food is tastier, our music more moving, our language more logical or poetic.

That was the best bite of food I've ever had," I say when I'm able to speak again. If I had more presence of mind, I'd have realized that this would inflate Benny's ego, but the words slipped out before I could catch them. He laughs, indeed looking extremely pleased with himself. "Really? Well, there's way more where that came from." He takes a step closer, his voice going softer. "And imagine what I can do with a little time to make plans.

With the growth of market individualism comes a corollary desire to look for collective, democratic responses when major dislocations of financial collapse, unemployment, heightened inequality, runaway inflation, and the like occur. The more such dislocations occur, the more powerful and internalized, Hayek insists, neoliberal ideology must become; it must become embedded in the media, in economic talking heads, in law and the jurisprudence of the courts, in government policy, and in the souls of participants. Neoliberal ideology must become a machine or engine that infuses economic life as well as a camera that provides a snapshot of it. That means, in turn, that the impersonal processes of regulation work best if courts, churches, schools, the media, music, localities, electoral politics, legislatures, monetary authorities, and corporate organizations internalize and publicize these norms.

Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest.

We have contrasted two ways of evaluating a judgment: by comparing it to an outcome and by assessing the quality of the process that led to it. Note that when the judgment is verifiable, the two ways of evaluating it may reach different conclusions in a single case. A skilled and careful forecaster using the best possible tools and techniques will often miss the correct number in making a quarterly inflation forecast. Meanwhile, in a single quarter, a dart-throwing chimpanzee will sometimes be right.

There's no chance we could get arrested, is there?" I looked up at my best friend in the world. "If there is a law against an eight foot tall stork in wedge-padrilles carying a poorly dressed wooden grandma dummy as if it was her child, then yes, we might have a problem." Daisy rested her elbow on top of my head. "Oh you little peanut, I know you said something because I saw your rubbery lips flapping but I couldn't hear a word from way down there. Why don't you inflate those tiny lungs and try again?

Where wealth and status are concerned, shit isn’t supposed to be hard. Ivies are known for “grade inflation”—though there is a lot of work, the reward for a mediocre job at completing it is still usually an A. In any given corporation, the higher the role and pay, the less that person actually does. CEOs who get fired for sucking at their jobs and losing a shit-ton of money are often given multi-million dollar “golden parachutes.” It was kinda the same with this frat; we were the best, so we did the least.

But no matter how carefully we schedule our days, master our emotions, and try to wring our best life now from our better selves, we cannot solve the problem of finitude. We will always want more. We need more. We are carrying the weight of caregiving and addiction, chronic pain and uncertain diagnosis, struggling teenagers and kids with learning disabilities, mental illness and abusive relationships. A grandmother has been sheltering without a visitor for months, and a friend's business closed its doors. Doctors, nurses, and frontline workers are acting as levees, feeling each surge of the disease crash against them. My former students, now serving as pastors and chaplains, are in hospitals giving last rites in hazmat suits. They volunteer to be the last person to hold his hand. To smooth her hair. The truth if the pandemic is the truth of all suffering: that it is unjustly distributed. Who bears the brunt? The homeless and the prisoners. The elderly and the children. The sick and the uninsured. Immigrants and people needing social services. People of color and LGBTQ people. The burdens of ordinary evils— descriminations, brutality, predatory lending, illegal evictions, and medical exploitation— roll back on the vulnerable like a heavy stone. All of us struggle against the constraints places on our bodies, our commitments, our ambitions, and our resources, even as we're saddled with inflated expectations of invincibility. This is the strange cruelty of suffering in America, its insistence that everything is still possible.

told his students in “The World Since 1914” class that there was little point in discussing the Third World when they knew so little about how their own society works: “So I told them about the USA — really very hair-raising when it is all laid out in sequence: . . . . 1. cosmic hierarchy; 2. energy; 3. agriculture; 4. food; 5. health and medical services; 6. education; 7. income flows and the worship of GROWTH; 8. inflation. . . showing how we are violating every aspect of life by turning everything into a ripoff because we. . . have adopted the view that insatiable individualistic greed must run the world.” 7 He feared “that the students will come to feel that all is hopeless, so I must. . . show them how solutions can be found by holistic methods seeking diversity, de-centralization, communities. . .etc.” 8 Pleased with the class response, he later recalled: “The students were very excited and my last lecture in which I put the whole picture together was about the best lecture I ever gave. That was 10 Dec. [1975], my last full day of teaching after 41 years.

Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest. This makes Bitcoin the first demonstrably reliable operational example of digital cash and digital hard money.

The best available apples-to-apples comparison of inflation-adjusted earnings shows what the typical fully employed man earned back in the 1970s and what that same fully employed man earns today. The picture isn’t pretty. As the GDP has doubled and almost doubled again, as corporations have piled up record profits, as the country has gotten wealthier, and as the number of billionaires has exploded, the average man working full-time today earns about what the average man earned back in 1970. Nearly half a century has gone by, and the guy right in the middle of the pack is making about what his granddad did. The second punch that’s landed on families is expenses. If costs had stayed the same over the past few decades, families would be okay—or, at least, they would be in about the same position as they were thirty-five years ago. Not advancing but not falling behind, either. But that didn’t happen. Total costs are up, way up. True, families have cut back on some kinds of expenses. Today, the average family spends less on food (including eating out), less on clothing, less on appliances, and less on furniture than a comparable family did back in 1971. In other words, families have been pretty careful about their day-to-day spending, but it hasn’t saved them. The problem is that the other expenses—the big, fixed expenses—have shot through the roof and blown apart the family budget. Adjusted for inflation, families today spend more on transportation, more on housing, and more on health insurance. And for all those families with small children and no one at home during the day, the cost of childcare has doubled, doubled again, and doubled once more. Families have pinched pennies on groceries and clothing, but these big, recurring expenses have blown them right over a financial cliff.

Leaning toward a certain party is one thing (Matthew did it, Simon did it, and Jesus allowed it), but it is important to see that a partisan spirit can actually run against the Spirit of God. If there ever was a partisan crowd in the Bible, it was the crowd that pressured Pilate to crucify Jesus instead of Barabbas. Barabbas, a true criminal, went free while Jesus, an innocent man, was executed after having his impeccable character assassinated. This is the essence of partisanship. Partisans inflate the best features of their party while inflating the worst features, real or contrived, of the other party. They ignore the weaknesses of their own party while dismissing the other party’s strengths. I have good friends on both sides of the political aisle. I trust them. Many of them—on both sides—have a strong commitment to their faith. Because of this I grow perplexed when Christian men and women willingly participate in spin—ready, willing, and armed to follow the world in telling half-truths to promote their candidates, while telling more half-truths to demonize their opponents. Have we forgotten that a half-truth is the equivalent of a full lie? What’s more, political spin is polarizing even within the community of faith.

In Economics as almost everywhere else, with all our cleverness, we have become decidedly less wise, while knowing more and more about less and less. We have lost the sense of proportion--so indispensable for every economist--while analysing the curiosities of hypothetical economic situations and forgetting what has a bearing on real economic life. In spinning out the fine threads of the New Economics, we forget the most elementary principles of economics, and while stressing what might at best in highly exceptional circumstances we overlook what are almost perennial truths. While proudly parading our elaborate equations we unlearnt that simple common sense which consists in reckoning with human reactions and institutions as they really are.

Now these seven hundred were prostrating themselves before me. Most of them were Lesser Demons to start with, but with a name and a physical body, they had evolved into Greater Demons. As expected, they had all gained enough magicules to be firmly A-ranked territory, and now I had seven hundred of them at my beck and call. Not that I’m one to talk, but something about this screamed “stat inflation” to me. Some of them even looked for all the world like Arch Demons. Did I just have another oops moment? It was simply astonishing. I mean, the first three alone—Testarossa, Ultima, and Carrera—were more than enough already. But it was too late to turn back now. Let’s pretend that I didn’t notice anything. That was probably the best way to preserve my sanity.

Study a gene in only one environment and, by definition, you’ve eliminated the ability to see if it works differently in other environments (in other words, if other environments regulate the gene differently). And thus you’ve artificially inflated the importance of the genetic contribution. The more environments in which you study a genetic trait, the more novel environmental effects will be revealed, decreasing the heritability score. Scientists study things in controlled settings to minimize variation in extraneous factors and thus get cleaner, more interpretable results—for example, making sure that the plants all have their height measured around the same time of year. This inflates heritability scores, because you’ve prevented yourself from ever discovering that some extraneous environmental factor isn’t actually extraneous.fn22 Thus a heritability score tells how much variation in a trait is explained by genes in the environment(s) in which it’s been studied.

Is that what we do? We pitch our tents, do our little clown shows, and then take off up the road to the next town ahead? Leaving our science-fictional debris on the blasted dirt to poison the minds of future generations, like the alien litter in STALKER and ROADSIDE PICNIC. Flying cars rusting out like Saturn Five rockets propped up as roadkill talismans at Kennedy, leaking toxins into the soil. Jetpacks oozing fuel from cracks in their tanks and poisoning the grass. Three-ring moonbases crumbling in the solar wind. Birdshit on the time machines. Big fat rats scavenging broken packs of food capsules, Best Before Date of 1971. A Westinghouse Robot Smoking Companion, vintage of 1931, slumped up against a tree, tin fingers still twitching for a cigarette. Vines growing through a busted cyberspace deck. The shreds of inflatable furniture designed for the space hospitals of 1955. Lizards perched atop a weather control cannon. Atomic batteries mouldering inside the grips of laser pistols abandoned in the weeds.

The chef stepped out of the kitchen for a chat with Aomame and noted that the wine would be on the house. “Sorry, it’s already been uncorked, and one tasting’s worth is gone. A customer complained about the taste yesterday and we gave him a new bottle, but in fact there is absolutely nothing wrong with this wine. The man is a famous politician who likes to think he’s a wine connoisseur, but he doesn’t know a damn thing about wine. He did it to show off. ‘I’m afraid this might have a slight edge,’ he says. We had to humor him. ‘Oh, yes, you may be right about that, sir. I’m sure the importer’s warehouse is at fault. I’ll bring another bottle right away. But bravo, sir! I don’t think another person in the country could have caught this!’ That was the best way to make everybody happy, as you can imagine. Now, I can’t say this too loudly, but we had to inflate the bill a little to cover our loss. He was on an expense account, after all. In any case, there’s no way a restaurant with our reputation could serve a returned bottle.

Marilee lay perfectly still,waiting for her world to settle.She had to fight the unreasonable urge to weep. Wyatt's face was pressed to the hollow of her throat,his breathing rough, his damp body plastered to hers. He nuzzled her neck. "Am I too heavy?" "Umm." It was all she could manage. "You all right?" "Umm." "Did anybody ever tell you that you talk too much?" "Umm." He brushed his mouth over hers. "If you hum a bit more,I might be able to name that tune." That broke the spell of tears that had been threatening and caused her to laugh. She wrapped her arms around his neck and kissed him back. "Have I told you how much I like your silly sense of humor?" "No,you haven't." He rolled to his side and gathered her into his arms,nuzzling her cheek,while his big hands moved over her hip,her back,her waist, as though measuring every inch of her. "What else do you like about me?" "You fishing for compliments?" "Of course I am." "Glutton. Your sense of humor isn't enough?" "Not nearly enough.How about my looks?" "They're okay,for a footloose rebel." "Stop.All these mushy remarks will inflate my ego." He gave a mock frown. "How about the way I kiss?" "You're not bad." "Not bad?" His hands stopped their movement. He drew a little away. "That's all you can say?" "If you recall,tonight was the first time we've kissed.I haven't had nearly enough practice to be a really good judge of your talent." "Then we'd better take care of that right now." He framed her face. With his eyes steady on hers, he lowered his mouth to claim her lips. Marilee's eyelids fluttered and she felt an explosion of color behind them. As though the moon and stars had collided while she rocketed through space. It was the most amazing sensation, and, as his lips continued moving over hers,she found herself wishing it could go on forever. When at last they came up for air, she took in a long,deep breath before opening her eyes. "Oh,yes,rebel.I have to say,I do like the way you kiss." "That's good,because I intend to do a whole lot more of it." He lay back in the grass,one hand beneath his head. "Now it's my turn.Want to know all the things I like about you?" "I'm afraid to hear it." Marilee lay on her side,her hand splayed across his chest. "Besides your freckles,which I've already mentioned,the thing about you I like best is your take-charge attitude." She chuckled. "A lot of guys feel intimidated by that." "They're idiots.Don't they know there's something sexy about a woman who knows what to do and how to do it? I've watched you as a medic and as a pilot, and I haven't decided which one turns me on more." "Really?" She sat up. "Want me to fetch my first-aid kit from the plane? I could always splint your arm or leg and really turn you on." He dragged her down into his arms and growled against her mouth, "You don't need to do a single thing to turn me on. All I need to do is look at you and I want you." "You mean now? Again? So soon?" "Oh,yeah." "Liar.I don't believe it's possible." "You ought to know by now that I never say anything I can't back up with action." "Prove it,rebel." "My pleasure." There was a wicked smile on his lips as he rolled over her and began to kiss her breathless,all the while taking her on a slow,delicious ride to paradise.

In the field of education, it seems ‘normal’ to run stories about class sizes, teachers’ pay, the country’s performance in international league tables and the right balance between the roles of the private and state sectors. But we would risk seeming distinctly odd, even demented, if we asked whether the curriculum actually made sense; whether it really equipped students with the emotional and psychological resources that are central to the pursuit of good lives. When it comes to housing, the news urges us to worry about how to get construction companies working, how to make purchasing a home easier for first-time buyers and how to balance the claims of nature against those of jobs and businesses. But it doesn’t tend to find time to ask primordial, eccentric-sounding questions like: ‘Why are our cities so ugly?’ In discussions of economics, our energy is channelled towards pondering what the right level of taxation should be and how best to combat inflation. But we are discouraged by mainstream news from posing the more peculiar, outlying questions about the ends of labour, the nature of justice and the proper role of markets. News stories tend to frame issues in such a way as to reduce our will or even capacity to imagine them in profoundly other ways. Through its intimidating power, news numbs. Without anyone particularly rooting for this outcome, more tentative but potentially important private thoughts get crushed.

Buffett declared the best inflation hedge is a company with a wonderful product that requires little capital to grow. As a test, he invited each of us to look at our own earning ability. In inflation, your compensation can go up without any additional investment. As a business example, Buffett noted that when See’s Candy was purchased in 1971, it had the revenues of $25 million and sold 16 million pounds of candy annually with $9 million in tangible assets. Today, See’s sells $300 million of candy with $40 million of tangible assets. Berkshire needed to invest only $31 million to generate a more than 10-fold increase in revenues. In aggregate, Buffett noted that Berkshire has earned $1.5 billion in profits at See’s over the years. See’s inventory turns fast, has no receivables and has little fixed investment – a perfect inflation hedge. Buffett allowed that if you have tons of receivables and inventory, that’s a lousy business in inflation. The railroad and MidAmerican Energy both have these undesirable characteristics, but that is offset by their utility to the economy and subsequent allowable returns. Buffett rued that there simply aren’t enough “See’s Candys” to buy. Buffett added that being an investor has made him a better businessman and that being a businessman has made him a better investor.(125) Munger noted that they didn’t always know this inflation-business element, which shows how continuous learning is so important.

Under the spell of moonlight, music, flowers, or the cut and smell of good tweeds, I sometimes feel the divine urge for an hour, a day or maybe a week. Then it is gone and my interest returns to corn pone and mustard greens, or rubbing a paragraph with a soft cloth. Then my ex-sharer of a mood calls up in a fevered voice and reminds me of every silly thing I said, and eggs me on to say them all over again. It is the third presentation of turkey hash after Christmas. It is asking me to be a seven-sided liar. Accuses me of being faithless and inconsistent if I don’t. There is no inconsistency there. I was sincere for the moment in which I said the things. It is strictly a matter of time. It was true for the moment, but the next day or the next week, is not that moment. No two moments are any more alike than two snowflakes. Like snowflakes, they get that same look from being so plentiful and falling so close together. But examine them closely and see the multiple differences between them. Each moment has its own task and capacity; doesn’t melt down like snow and form again. It keeps its character forever. So the great difficulty lies in trying to transpose last night’s moment to a day which has no knowledge of it. That look, that tender touch, was issued by the mint of the richest of all kingdoms. That same expression of today is utter counterfeit, or at best the wildest of inflation. What could be more zestless than passing out canceled checks?

So it needs saying from the outset that it’s always very easy to declare that other people are idiots, but only if you forget how idiotically difficult being human is. Especially if you have other people you’re trying to be a reasonably good human being for. Because there’s such an unbelievable amount that we’re all supposed to be able to cope with these days. You’re supposed to have a job, and somewhere to live, and a family, and you’re supposed to pay taxes and have clean underwear and remember the password to your damn Wi-Fi. Some of us never manage to get the chaos under control, so our lives simply carry on, the world spinning through space at two million miles an hour while we bounce about on its surface like so many lost socks. Our hearts are bars of soap that we keep losing hold of; the moment we relax, they drift off and fall in love and get broken, all in the wink of an eye. We’re not in control. So we learn to pretend, all the time, about our jobs and our marriages and our children and everything else. We pretend we’re normal, that we’re reasonably well educated, that we understand “amortization levels” and “inflation rates.” That we know how sex works. In truth, we know as much about sex as we do about USB leads, and it always takes us four tries to get those little buggers in. (Wrong way round, wrong way round, wrong way round, there! In!) We pretend to be good parents when all we really do is provide our kids with food and clothing and tell them off when they put chewing gum they find on the ground in their mouths. We tried keeping tropical fish once and they all died. And we really don’t know more about children than tropical fish, so the responsibility frightens the life out of us each morning. We don’t have a plan, we just do our best to get through the day, because there’ll be another one coming along tomorrow. Sometimes it hurts, it really hurts, for no other reason than the fact that our skin doesn’t feel like it’s ours. Sometimes we panic, because the bills need paying and we have to be grown-up and we don’t know how, because it’s so horribly, desperately easy to fail at being grown-up. Because everyone loves someone, and anyone who loves someone has had those desperate nights where we lie awake trying to figure out how we can afford to carry on being human beings. Sometimes that makes us do things that seem ridiculous in hindsight, but which felt like the only way out at the time.

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When playing a bear market, the same rules hold: You want to diversify your risks, especially knowing that collapses move even faster than rallies. You need to decide how much safe cash or near cash you want to hold to sleep at night and to handle financial emergencies, like the loss of your job or your house. Then decide how much to put into longer-term high-quality bonds, like those 30-year Treasuries and AAA corporates, but I think it’s still premature to make this move at the time of this writing, in August 2017. Then decide how much you want to put into a dollar bull fund or the ETF UUP, which tracks the U.S. dollar versus its six major trading partners. If you’re willing to risk part of your wealth, you can also bet on financial assets going down—from stocks to gold. Stocks are the one type of financial asset that goes down in either a deflationary crisis, like the 1930s, or an inflationary one, like the 1970s. So shorting stocks is the best way to prosper in the downturn, either way. But don’t leverage this bet. The markets are simply too volatile. You can short the stock market with no leverage by simply buying an ETF (exchange-traded fund) like the ProShares Short S&P 500 (NYSEArca: SH). It’s an inverse fund on the S&P 500, so if the index goes down 50 percent, you make 50 percent. The ProShares Ultrashort (NYSEArca: QID) is double short the NASDAQ 100, which is likely to get hit the worst. If you make this play, just do a half share, to avoid that two-times leverage (hold the other half in cash or short-term bonds). Direxion Daily Small Cap Bear 3X ETF (NYSEArca: TZA) is triple short the Russell 2000, which is also likely to lead on the way down. So buy only a one-third share of this one, to remain without leverage. (That means the money you allocate here should be one-third in TZA and two-thirds in cash, to offset the leverage.) And unlike the gold bugs, I see gold collapsing. It’s an inflation hedge, not a deflation hedge. If gold rallies back as high as $1,425—on my predicted bear-market rally—then it could easily drop to around $700 within a year. Your last decision is whether to risk some of your funds betting on gold’s downside, for the greatest potential returns. You can buy DB Gold Double Short ETN (NYSEArca: DZZ)—double short gold—at a half share, to offset the leverage, or just simply short GLD, the ETF that follows gold. There you have it. How to handle the coming crash.

Maman’s Cheese Soufflé YIELD: 4 SERVINGS WHEN MY MOTHER got married, she was seventeen and my father was twenty-two. She did not know how to cook, except for a few simple dishes that she had learned from her mother. Yet she was willing and fearless. My father liked cheese soufflé, so my mother graciously obliged. She had never made a soufflé before, but a friend told her that it consisted of a white sauce (béchamel), grated cheese, and eggs—a cinch! To the béchamel, that staple of the French home cook, she added her grated Swiss cheese and then cracked and added one egg after another to the mixture, stirred it well, poured it into a gratin dish, and baked it in the oven. Voilà! No one had told her that the eggs should be separated, with the yolks added to the base sauce and the whites whipped to a firm consistency and then gently folded into the mixture. Ignorance is bliss, and in this case it was indeed: the soufflé rose to a golden height and became a family favorite. This is a great recipe; it can be assembled hours or even a day ahead, and although it is slightly less airy than a standard soufflé, it is delicious. 6 tablespoons (¾ stick) unsalted butter, plus more to butter a 6-cup gratin dish 6 tablespoons all-purpose flour 2 cups cold whole milk ½ teaspoon salt ½ teaspoon freshly ground black pepper 5 extra-large eggs 2½ cups grated Swiss cheese, preferably Gruyère (about 6 ounces) 3 tablespoons minced fresh chives Preheat the oven to 400 degrees. Butter a 6-cup gratin dish, and set it aside. Melt the butter in a saucepan, then add the flour, and mix it in well with a whisk. Cook for 10 seconds, add the milk in one stroke, and mix it in with a whisk. Keep stirring with the whisk until the mixture thickens and comes to a strong boil, which will take about 2 minutes. It should be thick and smooth. Remove from the heat, and stir in the salt and pepper. Allow about 10 minutes for the white sauce to cool. Meanwhile, break the eggs into a bowl, and beat well with a fork. Add the eggs, the cheese, and the chives to the cooled sauce, and mix well to combine. Pour into the buttered gratin dish and cook immediately, or set aside until ready to cook. Bake for 30 to 40 minutes, or until the soufflé is puffy and well browned on top. Although it will stay inflated for quite a while, it is best served immediately.

my book, nothing is sadder than people who try to inflate themselves by deflating others. The

Real Estate Investment Trusts, or REITs (pronounced “reets”), are companies that own and collect rent from commercial and residential properties.10 Bundled into real-estate mutual funds, REITs do a decent job of combating inflation. The best choice is Vanguard REIT Index Fund; other relatively low-cost choices include Cohen & Steers Realty Shares, Columbia Real Estate Equity Fund, and Fidelity Real Estate Investment Fund.11 While a REIT fund is unlikely to be a foolproof inflation-fighter, in the long run it should give you some defense against the erosion of purchasing power without hampering your overall returns.

It is easy to believe that people are arrogant, and egotistical, and always looking out for themselves. The cynicism that makes that opinion a universal truism is widespread and fashionable. But such an orientation to the world is not at all characteristic of many people. They have the opposite problem: they shoulder intolerable burdens of self-disgust, self-contempt, shame and self-consciousness. Thus, instead of narcissistically inflating their own importance, they don’t value themselves at all, and they don’t take care of themselves with attention and skill. It seems that people often don’t really believe that they deserve the best care, personally speaking. They are excruciatingly aware of their own faults and inadequacies, real and exaggerated, and ashamed and doubtful of their own value. They believe that other people shouldn’t suffer, and they will work diligently and altruistically to help them alleviate it. They extend the same courtesy even to the animals they are acquainted with—but not so easily to themselves.

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Day after day, the curtain rises on a stage of epic proportions, one that has been running for centuries. The actors wear the costumes of their predecessors and inhabit the roles assigned to them. The people in these roles are not the characters they play, but they have played the roles long enough to incorporate the roles into their very being, to merge the assignment with their inner selves and how they are seen in the world. The costumes were handed out at birth and can never be removed. The costumes cue everyone in the cast to the roles each character is to play and to each character’s place on the stage. Over the run of the show, the cast has grown accustomed to who plays which part. For generations, everyone has known who is center stage in the lead. Everyone knows who the hero is, who the supporting characters are, who is the sidekick good for laughs, and who is in shadow, the undifferentiated chorus with no lines to speak, no voice to sing, but necessary for the production to work. The roles become sufficiently embedded into the identity of the players that the leading man or woman would not be expected so much as to know the names or take notice of the people in the back, and there would be no need for them to do so. Stay in the roles long enough, and everyone begins to believe that the roles are preordained, that each cast member is best suited by talent and temperament for their assigned role, and maybe for only that role, that they belong there and were meant to be cast as they are currently seen. The cast members become associated with their characters, typecast, locked into either inflated or disfavored assumptions. They become their characters. As an actor, you are to move the way you are directed to move, speak the way your character is expected to speak. You are not yourself. You are not to be yourself. Stick to the script and to the part you are cast to play, and you will be rewarded. Veer from the script, and you will face the consequences. Veer from the script, and other cast members will step in to remind you where you went off-script. Do it often enough or at a critical moment and you may be fired, demoted, cast out, your character conveniently killed off in the plot. The social pyramid known as a caste system is not identical to the cast in a play, though the similarity in the two words hints at a tantalizing intersection. When we are cast into roles, we are not ourselves. We are not supposed to be ourselves. We are performing based on our place in the production, not necessarily on who we are inside. We are all players on a stage that was built long before our ancestors arrived in this land. We are the latest cast in a long-running drama that premiered on this soil in the early seventeenth century.

Like witnessing a form of egocentric masturbation as he stroked his inflated ego.

Narcissistic Disorder The basic premise of this personality disorder is an inflated sense of self worth. This trait is often emphasized by a need to be appreciated and admired although someone with this disorder usually is unable to have any empathy for others; no matter what their situation. People with this disorder will often be fond of overly grand gestures and will assume they are the most important part of anyone’s life; even if you met them just five minutes ago. There are very few scenarios where this inflated sense of self worth is appropriate in modern society. Surprisingly, under this façade there is usually a very fragile self esteem which needs the consistent bolstering of ego that their behavior attracts. People with this disorder will often appear to be snobbish, disdainful or simply patronizing and condescending. They are likely to give out opinions on the failings of others at the drop of a hat without acknowledging their own shortcomings. The belief that they should be the most important person in any room can lead to issues when dealing with relationships at home or at work; this will be particularly noticeable if someone else is praised and you are not. In situations such as these, it is common for someone with this disorder to react angrily or impatiently; making it very difficult to build a long term relationship. The Symptoms Again, in order for someone to be diagnosed with this condition they will need to display at least five of the following symptoms and to have had these issues for at least one year. •   A sufferer has a hugely inflated opinion of their own self worth. They will usually inflate their achievements and skills to ensure they are the best in the room. They are unlikely to be able to substantiate any of these claims. •   They often indulge in a fantasy world where they have unlimited success, power, money and love. This indulgence can occur at any time. •   They will have a belief that they are very special and that there are only a few other people in the world which are on the same level as them. This belief means they will often try to associate with these people and no one else; as these are the only people who will understand them. •   The belief that they are special necessitates them to expect and demand your praise and adulation at all times of the day. They expect to be admired simply for being who they are. This belief extends to expecting others to provide them with favorable treatment and to know their expectations without being told them. •   This feeling of their own self worth will cause many people with this disorder to take advantage of others in order to achieve their own goal. They are unlikely to see this as exploitation; instead, it is just others doing what they should to satisfy their needs. •   It is usual for someone with this personality disorder to lack empathy towards others, particularly those who they feel are beneath them; which is almost everyone. •   Envy is a common trait in people with this disorder. They are liable to be envious of anyone who has something they do not and they will believe others are envious of them; because of their importance. •   People who suffer from this illness will often come across as arrogant, haughty or even rude. This disorder occurs in more men than women and current estimates suggest that the disorder is present in approximately six percent of the population. Symptoms associated with this disorder will always be present, even when a child; but the constantly evolving personality is likely to mask this and it is not usually possible to diagnose the condition until the late teens or early twenties.

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Indeed, if one was a cold-hearted economist, whose sole aim was to maximise GDP, or even better GDP per head, then one’s advice on the best way to respond to the coronavirus pandemic would have been to do absolutely nothing, to ignore it entirely and let it take its course. It primarily affects the elderly; the average age of death so far in the UK has been about 80; and even then the younger deaths are mainly amongst those with other severe medical problems, co-morbidity in the jargon. This is a group largely dependent on others to help with daily living, and thus stopping their carers from producing goods and other services to swell GDP per head.

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Banner, Kosabeus knew, wasn’t listening. Predictably, he was eyeballing various partygoers, offering them a wink or a smirk if he deemed them attractive enough. It was disgusting, Kosabeus thought, for Banner to still be so interested in these games. He was nearing sixty, for Mystis’s sake. And yet, there he was, still hitting up bars late at night, claiming he could bed anyone he wanted. His superiority complex was exacerbated by his position as Head of the Assembly. It was for the best Banner hadn’t attended the Batillus Academy, the premier school for War and Defense students; he would’ve emerged even haughtier than he was now. As it was, Banner went to the Ligva Academy, which stood out due to its emphasis on interdisciplinary learning. It was ironic, since Banner did nothing to demonstrate his interdisciplinary chops, instead heralding War and Defense as the greatest division. Kosabeus could only imagine the compliments his teachers and tutors had showered him with. Banner was the type of man who never heard no—not from his elders, his peers, or his conquests. Kosabeus was the only one in Banner’s inner circle who dared to temper his inflated sense of self-worth with a much-needed dose of reality.

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Predatory operators often have higher visibility than the legitimate ones, so comparing the first results you find on Google may yield highly inflated averages.

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It is easy to believe that people are arrogant, and egotistical, and always looking out for themselves. The cynicism that makes that opinion a universal truism is widespread and fashionable. But such an orientation to the world is not at all characteristic of many people. They have the opposite problem: they shoulder intolerable burdens of self-disgust, self-contempt, shame and self-consciousness. Thus, instead of narcissistically inflating their own importance, they don’t value themselves at all, and they don’t take care of themselves with attention and skill. It seems that people often don’t really believe that they deserve the best care, personally speaking. They are excruciatingly aware of their own faults and inadequacies,

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Mick had become uncertain, had started second-guessing his own talent—that seemed, ironically, to be at the root of the self-inflation. For many years through the ’60s, Mick was incredibly charming and humorous. He was natural. It was electrifying the way he could work those small spaces, as a singer and as a dancer; fascinating to watch and work with—the spins, the moves. He never thought about it. That performance was exciting without him appearing to do anything. And he’s still good, even though to my mind it’s dissipated on the big stages. That’s what people have wanted to see: spectacle. But it’s not necessarily what he’s best at. Somewhere, though, he got unnatural. He forgot how good he was in that small spot. He forgot his natural rhythm. I know he disagrees with me. What somebody else was doing was far more interesting to him than what he was doing. He even began to act as if he wanted to be someone else. Mick is quite competitive, and he started to get competitive about other bands. He watched what David Bowie was doing and wanted to do it. Bowie was a major, major attraction. Somebody had taken Mick on in the costume and bizarreness department. But the fact is, Mick could deliver ten times more than Bowie in just a T-shirt and a pair of jeans, singing “I’m a Man.” Why would you want to be anything else if you’re Mick Jagger? Is being the greatest entertainer in show business not enough? He forgot that it was he who was new, who created and set the trends in the first place, for years. It’s fascinating. I can’t figure it out. It’s almost as if Mick was aspiring to be Mick Jagger, chasing his own phantom. And getting design consultants to help him do it. No one taught him to dance, until he took dance lessons. Charlie and Ronnie and I quite often chuckle when we see Mick out there doing a move that we know some dance instructor just laid on him, instead of being himself. We know the minute he’s going plastic. Shit, Charlie and I have been watching that ass for forty-odd years; we know when the moneymaker’s shaking and when it’s being told what to do. Mick’s taken up singing lessons, but that may be to preserve his voice.

multitude of sins, and loos that always made you consider just how much you actually needed a wee, had long since been transformed. Now it was a light, airy affair with oak-effect flooring and pale walls that sold gastro-style meals at the appropriately inflated price. We’d been meeting up here for years. As many of us as possible would make the regular meets, and in between there was a mix and match, depending on who was available. Once children popped onto the scene, it made it a little more difficult to schedule, so in the summer we often swapped the location to one of the parks so that the kids could come too. I loved that we’d all done our best

River Rafting in Rishikesh is one of the most thrilling water based adventure sports that gives you an up close splatter of untamed nature in a world where the royal river is what you are up adjacent to. Aboard a raft, when the water wave hits your face for the first time; you be familiar with that it will take a little more than a few ounces of bravery to tame the river beast and indeed this duel next to mother nature will enrich your life forever, even if tried only once in a life time…The modern raft is a boat that is inflated comprising of a very durable and thick coated rubberized or vinyl fabric and also has a number of air chambers. The chief apparatus required for rafting are a life jacket ,Safety helmet, Safety Helmet, Paddles, River guide and a Self-Bailing Raft, etc. It is a very daring activity and it may appear a very perilous sport, but once you knowledge it, you will certainly realize the actual thrill of rafting. The best time for water river rafting is spiral summer to February to May and in winter September to November. You probably think that there is completely no way to extreme sports such as rafting can be fun at all. This is false, because all you need for a great sport like this is fun to be an expert to take manages of all rafting. It is a fun place to take part in all the summer sports, when it's nice and warm and all you need is a movement related to the water to take temperatures down. It is also a thrilling sport that many people can participate at the same time. Friends and family can get together and everybody can have a brilliant day of fun. As you begin your boat journey, you will encounter a number of rapids, which you will be necessary to sail over. Uttarakhand adventure is well known rafting company in Rishikesh. This excursion will roughly be two hours long, and will make you use all your power and skill to keep the boat under control. Water will stay splash all over you, and will keep you invigorated and bouncing if you start feeling tired due to the corporeal work that you will do. As an extreme sport, rafting certainly has its drawbacks, but not all make games? The best way to take safety measures so that you can avoid fatal accidents is to acquire a knowledgeable scout who is qualified for the chore and the best gear for rafting. For example, you should always have a life jacket on the obverse rafting, in the unfortunate event that the boat capsize; you'll be able to stay afloat and hope to swim to defense. Also, if you are unsure of your rafting skills, rapids and waterfalls stay away from very high.

How much does this thing cost?” Travis says, walking closer to it. Honestly, Travis is always like this. A negative nelly is what my mother would call him. He always has to ask the questions that nobody wants to answer because it ruins all the fun. “Well, that’s a hard question. Are you talking about the rental price or the price of all the smiles on everyone’s faces as they are having the time of their lives?” “The rental price.” “Well, here’s the thing−” I start, but he holds his hand up and looks to Tina. “$1599.00 plus deposit and taxes,” she says. “WHAT?” Travis exclaims. “No way! Forget it. This is a veto.” “You can’t use a veto for this!” I argue. “Well, I just did,” he says, shrugging. I can see he has already put the idea out of his mind, which is completely ridiculous. I mean, I know it is pretty expensive, but then I think of all the fun memories everyone will make together− and can you really put a price on that? “Travis, you’re not seeing the bigger picture here!” I argue. “We said a small party. A couple of friends, some food and wine. This,” he says, pointing to the obstacle course, “is not small.” “Who wants small for a thirtieth birthday party? I mean, you only turn thirty once−” From the look on Travis’ face I decide to switch tactics. “What about if we charge people?” “You’re crazy,” he says. “Not our guests, but the neighbours and stuff. Kind of like a carnival.” Actually, I just thought of that idea right here and now, but it’s not a bad one. Plus, it might be easier to have the neighbours agree to have it on the street if I let them join in the fun. “Or we could just stick to the regular plan,” Travis says and turns to Tina. “I’m sorry we wasted your time.” I already know the next part of this conversation is not going to go well. “I kind of already put the deposit down,” I say, trying to get an imaginary piece of dirt off my sweater. No one says anything and I am starting to feel pretty sorry for Tina because she looks beyond uncomfortable with the conversation. “What kind of deposit?” Travis says in a low tone. “The non-refundable kind,” I say, biting my lip. “How much was the deposit?” he asks, looking from me to Tina. Tina’s eyes are wide and she looks to me desperately, asking me to rescue her from this awkwardness. Honestly, if anyone needs a life jacket right now− it’s me. “Nimfy perfin,” I mumble. “What?” “Ninety percent,” I say, meeting his eyes. “The remaining ten percent is due on delivery.” “You really are crazy,” he says, shaking his head. “I don’t know what you are getting all worked up about,” I say. “I’m paying for it!” “Etty, this… thing… is your rent for the month!” “I’ll take extra shifts,” I say, shrugging. “I wanted to make sure Scott’s day was really special.” “It’s going to be special because he’s with his friends and family. You don’t need to do these things.” “Yes, I do!” I say. “It’s how I show people that I care about them.” “Write them a nice card,” Travis says slowly. “I knew you wouldn’t understand. You’re always the storm cloud that rains on my parade!” “No, I’m the voice of reason in a land of eternal sunshine and daisies,” he says, and turns to Tina. “Is there any way we can get her deposit back?” Tina is now fidgeting with her skirt. “No, I’m sorry, but−” “Don’t worry Tina, I don’t want my deposit back. What I want is my brother to have the best day ever with his friends and family on a hundred foot inflatable obstacle course,” I narrow my eyes at Travis while lifting my purse further up my shoulder. “Now, if you will excuse me, I have to go and start my first of twenty overtime shifts to pay for the best day of all of our lives.

Look at this. Do you know what this says?” “Travis and Etty, surrounded by little glittery hearts?” he answers. “No, it says we are safe. We need to do something that is unsafe.” The frown on Travis’s face makes me think he isn’t getting it. “The best love stories have action… adventure!” I argue. Also, action usually raises tension. And tension usually equals a good argument. So, that’s it. That’s my answer. We go to the Congo; we stumble upon some drug lords and bam− if that’s not conflict I don’t know what is. Except, I can’t go the Congo because I have to work tomorrow. But the theory is still valid. “I would suggest skydiving, but I know because of the height issue that’s out,” I put my finger to my mouth in concentration. “Because that’s the only reason why that wouldn’t be a good idea,” Travis says. “Should we go to the casino and bet it all on red?” I ask. “Have you forgotten you’re still taking overtime shifts to pay off the inflatable day of fun?” Travis argues. “I’ve got it!” I exclaim, shooting my arms up in victory. “Let’s go drive down to the docks and see if we can witness a crime.” “Where are ‘the docks’?” Travis says, smiling indulgently at my new idea. “I’ve heard people say that in movies,” I say, shrugging. “I was hoping you would know where it is.

Brothers,” he continues, “are lifelong. And though you take that field tonight, you have also taken that field before, just as you will tomorrow, and the next day, and the next. That field is your home—your battlefield—and those other men are intruders. They don’t respect it. They’re trespassing—unwanted guests..“I can assure you they didn’t,” my father says. Again, the room chants, “Hoorah!” I hold my breath because this next part, more than anything that led up to it, is what I’ve been waiting for. I check the camera, my father still centered in my frame and his face as serious as I’ve ever seen it. Our team has won the first two games of the year, but he knows that two is not ten. A loss, at this point, will be unforgiveable. “What’s that word on your backs?” His question echoes, and the answer is swift. “Honor, sir!” they all shout in unison. They always do. It’s more than memorization, and it’s always made me sit in awe of how it all plays out. “Honor! That’s right. There are no individuals in here. We all have one name. It isn’t the mascot. It isn’t your nickname or some fad that will be forgotten the second the yearbook is printed. It’s a word that means heart, that means drive and ambition, that means giving your all and leaving the best of every goddamned thing you’ve got out there on that field. Turn to your right!” They all do, seated in a circle on the benches, looking at the helmets and heads of their teammates. My dad should have been a preacher, or perhaps a general. He was born to stand before boys and make them believe that for two and a half hours, they are men. “Turn to your left!” All heads shift, the sound swift, but mouths quiet. “Honor. Brotherhood. Tradition.” He pauses, his team still sitting with heads angled and eyes wide on the dark blue sheen of the helmets and sweat-drenched heads next to them. “Again…” he says, and this time they say it with him. “Honor. Brotherhood. Tradition.” “Whose house is this?” my father asks, quiet and waiting for a roar. “Our house!” “Whose house is this?” He’s louder now. “Our house!” “Whose house…” My dad’s face is red and his voice is hoarse by the time he shouts the question painted above the door that the Cornwall Tradition runs through to the field. The final chant back is loud enough that it can be heard through the cinderblock walls. I know, because last week, I filmed the speech from outside. With chests full, egos inflated, voices primed and muscles ready for abuse, this packed room of fifty—the number that always takes the field, even though less than half of them will play—stands, each putting a hand on the back of everyone in front of them.

month after Jeanne died, Michelle received a bill for her mother’s twenty-three-hour hospitalization. It totaled $22,402. (Adjusted for inflation, the amount would exceed $27,000 in 2012.) The bill included $6,750 for twenty-two separate blood tests, $1,077 for three electrocardiograms, $4,187 for a CAT scan of her head, $776 for three X-rays of her abdomen, $296 for a chest X-ray, and $3,246 for three ultrasound tests.

but we are still vulnerable to the vagaries of the global economic turbulence because of an excess of imports and reduced exports, leading to trade deficit, increased current account deficit—which leads to inflation—and the depreciation of the rupee to 60.49 per US dollar in June 2013.

The bottom tier customers buy sleeping bags, canteens, flashlights and one or two -man tents. They'll buy life vests and inflatable rafts. They'll usually wait until there is a sale or promotion to get what they are looking for. The middle tier will buy all of the above, but a higher end tent and sleeping bag, and will also buy cook stoves, fishing gear, coolers, and aluminum boats with oars. They will also look for discounts and use their loyalty points to purchase maybe one or more high-end items. The top tier will buy all of the above, but everything top of the line, and they'll buy the boat with the motor, and the fish finder. They'll completely outfit themselves for their camping excursion no matter the cost. For them it's all about the best quality goods, no matter the price.

Downdraughts and Upwellings Just the mention of a downcurrent is enough to inspire fear in many divers as they visualize themselves getting caught by an irresistible force that drags them into the abyss with no opportunity for escape. The natural response when confronted with a situation like this where you feel out of control is to panic but there is no need. Normally, downdraughts or downcurrents are localized phenomena that occur along reef walls: think of them as waterfalls in the sea. When you encounter one, the first thing to do is get out of the flow by moving closer in to the wall so that the contours offer you shelter. Once out of the stream, relax, exhale, take a few deep full breaths, check your air supply, depth and decompression status, look around you and plan. Look to see where the big fish are hiding or if there is a place where the sea whips are not waving around. It is not a good idea to fight a downcurrent. It is a struggle you cannot win. The oft-quoted tactic of inflating your BCD to counteract its efforts to carry you down is potentially dangerous as the current might suddenly release you from its hold and you will find yourself on a runaway ascent to the surface, which will do you much more harm than the current could do. Unless you have spotted a place further along the wall that seems calm, usually the best advice is to swim laterally out away from the reef towards the blue. If you find yourself being carried a little deeper initially, stay calm and keep swimming, you will emerge from the pull of the downcurrent before long or its effect will weaken and allow you to begin your ascent and return to the wall. Think of upwellings as reverse down currents. The same advice applies. First move into the wall out of the flow, relax, think, observe and act calmly.

There may not be an emotion more complex than the dual stations of pride. The positive connation of pride – the telluric current resulting from both natural causes and interactions of human beings – flows from the conception of applying a person’s best effort to accomplish worthwhile tasks. The negative connotation of pride refers to an inflated sense of one’s personal status or accomplishments.

The arcade cabinet has become a rare sight in the United States, but in their best year, coin-operated games collected quarters that, adjusting for inflation, sum to more than twice the 2006 sales of U.S. computer and videogame software.5

ECB – unlike, say, the US Federal Reserve which is placed within a political structure where Congress, the President, and the Treasury supply all the necessary political counterweights – is free (indeed, is supposed) to operate in a political vacuum: the parliaments and governments of the members of the euro zone have lost control over monetary policy, while the EP has no authority in this area. Moreover, the ECB enjoys not only ‘instrument independence’ but also ‘goal independence’. When a central bank enjoys only instrument independence, it is up to the government to fix the target – say, the politically acceptable level of inflation – leaving then the central bank free to decide how best to achieve the target. In the case of goal independence, the discretionary power of the central banker is much larger. The idea that central bankers, or other economic experts, may know what rate of inflation is in the long-run interest of a country (and, a fortiori, of a group of countries at very different levels of socioeconomic developments such as the EU) is indeed extraordinary. Politicians and elected policymakers, rather than experts, can be expected to be sensitive to the public’s preferred balance of inflation and unemployment. If the public wants to trade some unemployment for a somewhat higher rate of inflation, it can make this preference known by electing candidates who stand for such a policy; but no such possibility is given to the citizens of the euro zone or to their political representatives.

Stock investors should expect periods of time when equities do not make money after inflation. It is the nature of investment risk. This is also why time in the market is critical to stock investors. In the long run, equities have outpaced inflation by a wide margin, and they are expected to remain one of the best real return investments in the future. You have to stay invested during all market conditions to benefit from the gains. U.S.

Win spread his hands. “But why? What about the winner do we want to emulate? His ability to blind himself to anything but the pursuit of empty aggrandizement? His ego-inflating obsession with wearing a hunk of metal around his neck? His willingness to sacrifice anything, including people, in order to best another human being on a lump of AstroTurf for a cheesy statuette?” He looked up at Myron, his always serene face suddenly lost. “Why do we applaud this selfishness, this self-love?

Win spread his hands. “But why? What about the winner do we want to emulate? His ability to blind himself to anything but the pursuit of empty aggrandizement? His ego-inflating obsession with wearing a hunk of metal around his neck? His willingness to sacrifice anything, including people, in order to best another human being on a lump of AstroTurf for a cheesy statuette?” He looked up at Myron, his always serene face suddenly lost. “Why do we applaud this selfishness, this self-love?” “Competitive drive isn’t a bad thing, Win. You’re talking about extremes.” “But it is the extremists we admire most. By its nature, what you call ‘competitive drive’ leads to extremism and destroys all in its path.” “You’re being simplistic, Win.” “It is simple, my friend.” They both settled back. Myron stared up at the exposed beams. After some time, he said, “You have it wrong.” “How so?” Myron wondered how to explain it. “When I played basketball,” he began, “I mean, when I really got into it and reached these levels you’re talking about—I barely thought about the score. I barely thought about my opponent or about beating somebody. I was alone. I was in the zone. This is going to sound stupid, but playing at the top of my game was almost Zen-like.” Win

Still, Berlin was the new center of Jewish intellectual and literary life. Writers and thinkers from the Russian Empire had fled there, and young and old now frequented the same cafés and competed for the same commissions from American Jewish publications—getting paid in dollars was the best way to survive Germany’s galloping inflation. Dubnow

What if you want the payouts to continue “forever,” as you might for an endowment? Computer simulations showed me that with the best long-term investments, such as stocks and commercial real estate, annual future spending should be limited to the inflation-adjusted level of 2 percent of the original gift. This surprisingly conservative figure assumes that future investment results will be similar in risk and return to US historical experience. In that case, the chance that the endowment is never exhausted turns out to be 96 percent. The 2 percent spending limit is so low because, if the fund is sharply reduced in its early years by a severe market decline, a higher spending requirement might wipe it out.

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On Facebook, the Russians posted under the name Blacktivist, which they had used to elbow their way into a series of rallies in Buffalo, New York, that were demanding answers about the mysterious jailhouse death of a young African American woman, India Cummings. After muscling their way into the protests, the Russians began inflating their stature and profile using an internet bot farm that gave Blacktivist an even larger following than Black Lives Matter had. With their bona fides secured, the undercover Russians then began posting about the upcoming 2016 election. “They would say things like: ‘What have the Democrats done for you the last four years, the last 60 years’ ” and then, when the unspoken reply was “nothing,” the Russians in their best cyber-militancy mode would answer: “ ‘Show them your power by not showing up to vote.’ ” The message spread like a virulent toxin.6 One election expert observed that “Russians understood how important minority voters were to Hillary Clinton’s chances in this election. They were able to read the situation and say, ‘If we demobilize this community, it could have enough of an impact.

First, figure out when you and your spouse will be laid off or be too sick to work. Second, figure out when you will die. Third, understand that you need to save 7% of every dollar you earn. (Didn’t start doing that when you were 25, and you are 55 now? Just save 30% of every dollar.) Fourth, earn at least 3% above inflation on your investments, every year. (Easy. Just find the best funds for the lowest price and have them optimally allocated.) Fifth, do not withdraw any funds when you lose your job, have a health problem, get divorced, buy a house, or send a kid to college. Sixth, time your retirement account withdrawals so the last cent is spent the day you die.

Sticking with the $2 trillion infrastructure proposal, MMT would have us begin by asking if it would be safe for Congress to authorize $2 trillion in new spending without offsets. A careful analysis of the economy’s existing (and anticipated) slack would guide lawmakers in making that determination. If the CBO and other independent analysts concluded it would risk pushing inflation above some desired inflation rate, then lawmakers could begin to assemble a menu of options to identify the most effective ways to mitigate that risk. Perhaps one-third, one-half, or three-fourths of the spending would need to be offset. It’s also possible that none would require offsets. Or perhaps the economy is so close to its full employment potential that PAYGO is the right policy. The point is, Congress should work backward to arrive at the answer rather than beginning with the presumption that every new dollar of spending needs to be fully offset. That helps to protect us from unwarranted tax increases and undesired inflation. It also ensures that there is always a check on any new spending. The best way to fight inflation is before it happens. In one sense, we have gotten lucky. Congress routinely makes large fiscal commitments without pausing to evaluate inflation risks. It can add hundreds of billions of dollars to the defense budget or pass tax cuts that add trillions to the fiscal deficit over time, and for the most part, we come out unscathed—at least in terms of inflation. That’s because there’s normally enough slack to absorb bigger deficits. Although excess capacity has served as a sort of insurance policy against a Congress that ignores inflation risk, maintaining idle resources comes at a price. It depresses our collective well-being by depriving us of the array of things we could have enjoyed if we had put our resources to good use. MMT aims to change that. MMT is about harnessing the power of the public purse to build an economy that lives up to its full potential while maintaining appropriate checks on that power. No one would think of Spider-Man as a superhero if he refused to use his powers to protect and serve. With great power comes great responsibility. The power of the purse belongs to all of us. It is wielded by democratically elected members of Congress, but we should think of it as a power that exists to serve us all. Overspending is an abuse of power, but so is refusing to act when more can be done to elevate the human condition without risking inflation.

There are those arrogant moments when our inflated ego gets the ‘best of us’, but what most often ‘bests us’ is a horribly deflated ego that arrogantly destroys the ‘best of us.

Elliot snorted a laugh. “You seriously think your kisses are so good they’re a reward? Your ego is so fucking over-inflated, you can see it from space. It rivals the Great Wall of China! It could stop up the Suez Canal! There are fucking Tumblr memes about your ego. Your ego is so big that the very implication that I’m being sarcastic when I say your kiss was the best kiss ever is making you completely crazy.

These unexpected swings, when prices rose or fell across the board, arbitrarily shifted huge sums of money between lenders and borrowers. This wasn’t only unfair; it was terrible for the economy. Any perfectly good business—the best-run farm, the most honest bank, the most efficient factory—could go bust just by getting unlucky and falling on the wrong side of inflation or deflation.

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Exercise Deep Breathing: One of the best and easiest exercises that you can do to help you become positive is breathing. You breathe every second, of course, but you are not really breathing to exercise. Regular breathing only allows your body to take in enough oxygen to keep your blood pumping. However, it does not allow for your lungs to reach its maximum capacity. If you would want to feel positive, exercise deep breathing after waking up and before going to sleep. How to do a deep-breathing exercise: Slowly breathe in, silently counting up to eight (inhale through the nose). Your belly should slowly ‘deflate’ as your diaphragm inflates. Once you have reached your lungs’ full capacity, hold the air in for five seconds. Slowly exhale through your mouth while counting up to eight. Repeat steps 1–3 at least five times.

Inflation, higher prices of gas and oil, countries like an army base, millions of refugees, full control over business relations, no choice and no self-respect Europe is the kind of girlfriend who is under pressure to tolerate everything just to maintain a relationship with her boyfriend. And The boyfriend is America.

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