23.1.11

Monday

The level of my respect for the Tao: My son, Jack, is named after C.S. Lewis, and one of Lewis' most-famous non-fiction book (The Abolition of Man) used The Tao as a starting point. Lewis didn't use it in quite the same way as the sports psychologist, but there's overlap.

16.1.11

von Mises

This is the first of what will, hopefully, be many installments as I plod through Human Action. But the reader should be aware: These are, for the most part, reflections from my reading as I go. These are not reflections by a guy who has finished HA, or a guy who is consulting outside sources to corroborate his interpretation. These posts are, in a way, journal entries. I will endeavor not to post anything flat-out wrong, but neither am I researching and backing up my assertions/interpretations.

In this inaugural post, the reader should be aware that it appears to me that von Mises posits a mere two initial truths (life and happiness). But that's just what I'm seeing. If a Misesian knows better, I encourage him to correct me in the comments box.

My Limited Misesian Background
Although I have read a lot about von Mises, prior to this project I havn't read much by him (just a few stray essays/excerpts from books, plus his book Bureaucracy.

BTW:
Bureaucracy
, incidentally, didn't greatly impress me. Basically, the book has one tremendous insight, and then the rest of the book elaborates on it. I think the same point could've been made cogently in fewer than 5,000 words.

15.1.11

Metals

I've read every argument out there about the need to hold physical metals . . . in your pocket, not at the bank. I don't disagree with the arguments, but the bottom line is, every form of investment and way of holding it brings risks. As a practical matter, I fear burglary more than I fear the federal government seizure of my safe deposit box, so I keep my metals there. Trust me, I know I might regret it, but I weigh the different unlikely risks, and I've come down in favor of taking the institutional risk.

Maybe I'm a socialist at heart: I trust the government to do the right thing. Not really, but it doesn't change the fact that I'm more comfortable with the bank than my house right now.