“Tardiness is next to wickedness in a society relentless in its consumption of time as both a good and a service--as tweet and Instagram, film clip and sound bite, as sporting event, investment opportunity, Tinder hookup, and interest rate--its value measured not by its texture or its substance but by the speed of its delivery, a distinction apparent to Andy Warhol when he supposedly said that any painting that takes longer than five minutes to make is a bad painting.” SaidFilmValuesNextOpportunitySoundInterestFiveMinutesEventsPaintingInvestmentRateSpeedSubstanceDistinctionBitesConsumptionWickednessFive MinutesRelentlessInstagramTextureTweetDeliveryInterest RateClipWarholSound BitesSporting EventsTinderTardiness Author:Lewis H. Lapham
“What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional notions of prudence and sound policy aside.” EnoughSoundInterestTeachEconomyPolicyLowsNotionRateZeroConventionalPrudenceInterest Rate Author:Paul Krugman