“A writer’s notebook is not a diary. Writers react. Writers need a place to record these reactions. That’s what a writer’s notebook is for. It gives you a place to write down what makes you angry or sad or amazed, to write down what you noticed and don’t want to forget. A writer’s notebook gives you a place to live like a writer.” - Ralph Fletcher
Richard D Wolff & Stephen A. Resnick, Contending Economic Theories: Neoclassical, Keynesian, and Marxian (Page 27). MIT Press.
I’m in the university cafeteria. Obama is on the flat screen, speaking about the sequester. I’m reading the subtitles, because the TV sound is muted.
Suddenly, a student in the next booth—oblivious of the press conference—asks her group of friends:
“Have you ever heard of the ‘Trickle Down’ theory?”
None of them had, and she wasn’t clear on it, either, so they moved on to talking about sports.
Quoted in a USA Today article on the changing expectations of young adults, author Morley Winograd, who writes extensively about the Millennials, said their economic situation is “completely analogous” to the depression-era generation. “They were raised in relative affluence, and just as they are about to start in that affluent world, it all comes crashing down.”
They are forced to assume that “everything that came before them was a mirage — that it was built on unsafe foundations.”
This prolonged downturn will end. They always do. People will find their way back to confidence. But especially for those growing up under the weight of its fearsome uncertainties, it will be with us for generations to come.
Dr. Peggy Drexler
(Source: The Huffington Post)
Professor Richard D. Wolff
Madison Ave. Declares ‘Mass Affluence’ Over