Tim Barker in n + 1:
IF SOMEONE WERE TO MAKE a movie about neoliberalism, there would need to be a starring role for the character of Paul Volcker. As chair of the Federal Reserve from 1979 to 1987, Volcker was the most powerful central banker in the world. These were the years when the industrial workers movement was defeated in the United States and United Kingdom, and third world debt crises exploded. Both of these owe something to Volcker. On October 6, 1979, after an unscheduled meeting of the Fed’s Open Market Committee, Volcker announced that he would start limiting the growth of the nation’s money supply. This would be accomplished by limiting the growth of bank reserves, which the Fed influenced by buying and selling government securities to member banks. As money became more scarce, banks would raise interest rates, limiting the amount of liquidity available in the overall economy. Though the interest rates were a result of Fed policy, the money supply target let Volcker avoid the politically explosive appearance of directly raising rates himself. The experiment—known as the Volcker Shock—lasted until 1982, inducing what remains the worst unemployment since the Great Depression and finally ending the inflation that had troubled the world economy since the late 1960s. To catalog all the results of the Volcker Shock—shuttered factories, broken unions, dizzying financialization—is to describe the whirlwind we are still reaping in 2019.
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There was once a liberal dream: “A free society of equals, based on the proliferation of opportunities for individuals to lead lives characterized by personal independence from the domination of others,” as Elizabeth Anderson writes of the Levellers during the English Civil War. In Yascha Mounk’s The People vs. Democracy: Why Our Freedom Is in Danger and How to Save It, the liberal dream, limited as it might have been, has noticeably narrowed.
‘The whole aim of practical politics,’ wrote H.L. Mencken, ‘is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.’ Newspapers, politicians and pressure groups have been moving smoothly for decades from one forecast apocalypse to another (nuclear power, acid rain, the ozone layer, mad cow disease, nanotechnology, genetically modified crops, the millennium bug…) without waiting to be proved right or wrong.
As irony would have it, Pakistan and India’s latest squabble began on Valentine’s Day when an explosive-laden truck, commandeered by a young Kashmiri Indian man, slammed into an
Advances in artificial intelligence have led many to speculate that human beings will soon be replaced by machines in every domain, including that of creativity. Ray Kurzweil, a futurist, predicts that by 2029 we will have produced an AI that can pass for an average educated human being. Nick Bostrom, an Oxford philosopher, is more circumspect. He does not give a date but suggests that philosophers and mathematicians defer work on fundamental questions to “superintelligent” successors, which he defines as having “intellect that greatly exceeds the cognitive performance of humans in virtually all domains of interest.”
For thousands of years, the liberal arts were not liberal, and that is why they are increasingly unwelcome in our time. An honest study of the past is unsettling in a liberal age, because a person who learns to venerate earlier cultural traditions, from Homer to the baroque, may come to venerate the values to which those traditions are devoted. And those values are a direct rebuke to the substance of liberalism.
SKOOTER MCCOY WAS
Look, we already know that Ishmael Reed hasn’t seen Hamilton.
“I love that,” said Thompson. “He’s for America 100%. It’s America or no way. I love that.” Thompson is an African American man in his early 20s. He was wearing a camouflage shirt under black overalls, with a large pin on his chest depicting a cartoon boy – a mashup of Calvin from Calvin and Hobbes and Trump himself – urinating on the CNN logo. People continued to walk past us en route to the rally. Mothers and daughters in University of Texas-El Paso sweatshirts. A man wearing an Uncle Sam costume. Groups of young men and groups of young women, and couples holding hands and dressed up as if the rally were a night on the town. A middle-aged blond woman rushed by in a head-to‑toe suede outfit, fringes flying as she crossed the street, the lights of the Coliseum beckoning.
Toni Morrison, the author and Nobel Prize winner, turned 88 on Feb. 18. I have never met Morrison. And while you’ll likely see a donkey fly before you see her stand before a bunch of Harvard undergraduates and sing on demand, the fact is Toni Morrison is very much like Ella Fitzgerald. Like Fitzgerald, she rose from humble beginnings to world prominence. Like Fitzgerald, she is intensely private. And like Fitzgerald, she has given every iota of her extraordinary American-born talent and intellect to the great American dream. Not the one with the guns and bombs bursting in air. The other one, the one with world peace, justice, racial harmony, art, literature, music and language that shows us how to be free wrapped in it. Morrison has, as they say in church, lived a life of service. Whatever awards and acclaim she has won, she has earned. She has paid in full. She owes us nothing.
Were the humanists wrong to claim that art is good for us, “like Ovaltine and yoga”? Movies have been more like a secret vice, the first and most invasive of the technologies that have progressively estranged us from one another. As a Londoner resettled in San Francisco, Thomson is also keenly aware of the way the medium has duped Americans, convincing them that happy endings are inevitable so long as gun-toting men control the narrative. “Can’t we admit,” he asks, “how much American experience has been rooted in fear?” In one mind-bending paragraph he outlines an alternative pantheon of great American films – including
“Bloodlines” employs numbered sections, one of Carreira’s favored devices, to divide the poem into a triptych. She uses time and place to distinguish each, taking us from her adolescence in Portugal to early adulthood in New Jersey to the present moment. In the first, the adolescent version of Carreira feels shame about her body—not the first time we encounter, in heartbreaking fashion, the painful self-consciousness of a young narrator—while, at the same time yearning for physical connection. She wants “a God-fearing man,” but she observes that a young neighbor of hers is “a pretty boy.” The end of this section is marked by the advent of menstruation, a hallmark of maturity that doubles as a sign of heritage and hardship. While the neighbor boy collects the material possessions that “make for a good life,” the menstrual signature on the speaker’s bed sheets “promises thorns no bread or gold can dull.” The concrete trappings of health and prosperity are conflated with the promise of a bright future, but “blood,” in all its multi-layered meaning, complicates the simple promise of “bread or gold.” Profoundly, for Carreira, this duality echoes the divided heart of the Portuguese immigrant community in America—one heart striving and struggling forward in its quest for material security and the American Dream, while the other looks backward toward an idealized past that continues to drift further and further out of reach with the passage of time.
Diderot is known to the casual reader chiefly as an editor of the Encyclopédie—it had no other name, for there was no other encyclopédie. Since the Encyclopédie was a massive compendium of knowledge of all kinds, organizing the entirety of human thought, Diderot persists vaguely in memory as a type of Enlightenment superman, the big bore with a big book. Yet in these two new works of biography he turns out to be not a severe rationalist, overseeing a totalitarianism of thought, but an inspired and lovable amateur, with an opinion on every subject and an appetite for every occasion.
In 2015 I attended a workshop on political polarization with an eclectic group of scholars and activists. We swapped ideas on resolving battles over climate change, inequality, abortion and gay rights. One obstacle to compromise, a psychologist said, is that many Americans have a visceral, emotional reaction to issues like homosexuality.
In my 50s, too old to become a real expert, I have finally fallen in love with algebraic geometry. As the name suggests, this is the study of geometry using algebra. Around 1637, René Descartes laid the groundwork for this subject by taking a plane, mentally drawing a grid on it, as we now do with graph paper, and calling the coordinates x and y. We can write down an equation like x2+ y2 = 1, and there will be a curve consisting of points whose coordinates obey this equation. In this example, we get a circle!