Monday, 20 June 2011

Reminder- call Dad

Mine liked the occasional Black Label, hers any Irish potcheen
Jack picked the Carafe on the table, Jenny, many Platters clean
Google's morning gimmick- 'Reminder- call Dad!'
& this drunk, that bulimic- not rueful, now, Sad.

Friday, 17 June 2011

End Child Poverty Now!

This is a guest post, by frequent commentator on this blog, Shree Sanjay K.

End Child Poverty now, by telling my Dad to raise my pocket money already. Sodomy just aint as remunerative as everybody makes out. When I grow up I want to become an astronaut and have a big rocket and go explore Uranus rather than the other way round- which frankly is getting kinda old.

You can read my translation of Ghalib in the comments section of the previous post.

Thursday, 16 June 2011

Ghalib's ghazal 182.

taġhāful-dost hūñ merā dimāġh-e ʿajz ʿālī hai
agar pahlū tihī kīje to jā merī bhī ḳhālī hai
rahā ābād ʿālam ahl-e himmat ke nah hone se
bhare haiñ jis qadar jām-o-subū mai-ḳhānah ḳhālī hai

I'm the Abraham of Eternity's abscission, Exalted Ali of Submission's vision
Overlooked, I befriend misprision- Harold Bloom's in Karl Barth's revision
Ach! what so populates the world is the utter absence of men
This Tavern too were empty, filled a glass to my 'when!'
 

Friday, 10 June 2011

South Park is dying. If I really love it, I'll let it go.

Honestly, I hadn't heard anything. No rumors of trouble with Studio bosses or artistic differences or some Yoko fucking Ono. South Park is dying. Today's Tween wave thing was the beginning of the long goodbye. Apparently they're contractually obligated to produce 7 more episodes. After that- nothing.

I know I'm supposed to be growing up along with Stan and Kyle and Mr. Marsh and his wife who have come to the final parting of ways. I know, I too should now be able to see that South Park, qua South Park, is just another turd in the microwave and that this has always been its teaching.
Once I see that, I too will be free. Perhaps that's why I've never been in love. Never known I've been in love. Because only now do I understand I didn't just love South Park- I lurved it. It took my virginity. I gave it my whole heart. But, like all composite things, it too must perish. But not before leaving me with this final Erigenian teaching that love- this unexpected gift so close to the end of the middle of my life, or the beginning of its end- love too is shite, for all things that are are shite. And somehow that makes everything okay.

South Park is dying. If I really love it, I'll let it go.

Hail to thee, Democracy!- a poem on the Arab Spring.

Hail to thee, Democracy!  thou Egyptian Helen restored!
& blessed be our T.V, of besieged Trojans bored
Pour, Saqi, pour, Liberty's wine and sing
As Siren, Sphinx, or Sahara drunk on our Arab Spring.

Wednesday, 8 June 2011

All Beauty burns with one grim, guttering, plume.

All Beauty burns with one grim, guttering, plume
& Being yearns in Becoming's uttering gloom
& Day is fain & vain Darkness bridal
My cock to suck when young and idle

Tuesday, 7 June 2011

Preference diversity and Optimal currency areas

Does preference diversity impact on Optimal currency area demarcation? My feeling is that back when I was at School in the early 80's the answer most people would have given was no.
People thought labor and capital mobility sufficient to constrain preference diversity to that which could drive gains from trade but not vitiate it or render the working of fiscal automatic stabilizers (like Social Security) perverse and incentive incompatible in their working.
Now, post Greece, Portugal, Spain etc. the question must be readdressed.  What if a small moral hazard gets amplified such that you get a new population mix with sharper preference diversity? Then you could get a dependency culture- islands of work supporting hinterlands of leisure preference. This may still be politically acceptable if people value having a menu of life-style choices. However language and other barriers may militate against this. Still, provided assets in work-shy or dependent areas depreciate relative to assets in the islands of productivity, presumably a condition for the optimal currency area is met.
What if those assets instead of depreciating have their price either artificially inflated or stabilized by a Financial system run amok or, in its after-math, a Central Bank intervention?
It appears to me that a way to approach questions of this kind is by reversing the chain of causation and asking what sort of entities are conducive to optimal preference diversity. How and why, over their life-cycle might those entities generate perverse preference diversity matrices. What checks on this generate- for example India's political instrumentalization of a standardized poverty for reasons of internal cohesion- and how those checks can be disabled. These are the sort of questions that might profitably be posed.