Posts in Economics
Words Worth Noting - June 22, 2026

“Nothing in the world will take the place of persistence.”

Ray Krok on the key to his company’s success, quoted in Martin Woollacott, “Coke and Big Macs Aren’t the Real Thing,” The Guardian Weekly, January 12, 1997 and requoted in Quotes, Notes and Anecdotes (The Write File Quarterly) Spring 1997

Words Worth Noting - June 17, 2026

A sense of humor. Back to Webster's Unabridged: humor is defined as ‘The mental faculty of discovering, expressing, or appreciating ludicrous or absurdly incongruous elements in ideas, situations, happenings, or acts...’ or ‘A changing and uncertain state of mind…’ The organizer searching with a free and open mind void of certainty, hating dogma, finds laughter not just a way to maintain his sanity but also a key to understanding life. Essentially, life is a tragedy; and the converse of tragedy is comedy. One can change a few lines in any Greek tragedy and it becomes a comedy, and vice versa. Knowing that contradictions are the signposts of progress he is ever on the alert for contradictions. A sense of humor helps him identify and make sense out of them. Humor is essential to a successful tactician, for the most potent weapons known to mankind are satire and ridicule. A sense of humor enables him to maintain his perspective and see himself for what he really is: a bit of dust that burns for a fleeting second. A sense of humor is incompatible with the complete acceptance of any dogma, any religious, political, or economic prescription for salvation. It synthesizes with curiosity, irreverence, and imagination. The organizer has a personal identity of his own that cannot be lost by absorption or acceptance of any kind of group discipline organization. I now begin to understand what I stated somewhat intuitively in Reveille for Radicals almost 20 years ago, that ‘the organizer in order to be part of all can be part of none.’”

Saul Alinsky Rules for Radicals [he’s listing the ideal elements for an organizer and I found the notion that left-wing radicals are consistently marked by a good sense of humour especially about themselves was itself so funny it was worth quoting].

Words Worth Noting - June 11, 2026

“Yet even amid the concert of the great powers [late 1814 in Vienna] there was evidence that it [progress] lived on as an ideal. That June, on his return from preparatory negotiations in Paris, the British Foreign Secretary had been greeted by his fellow parliamentarians with a standing ovation. Among the terms of the treaty agreed by Lord Castlereagh had been one particularly startling stipulation: that Britain and France would join in a campaign to abolish the slave trade. This, to Benjamin Lay, would have been fantastical, an impossible dream. The treaty, though, in the view of some in the British parliament, did not go nearly far enough. Castlereagh, anxious not to destabilize France’s recently restored monarchy, had agreed that French merchants should be permitted to continue trafficking slaves for a further five years. This, it had turned out, was a concession too far. Within days of the Foreign Secretary’s seemingly triumphant return from Paris, an unprecedented campaign of protest had swept Britain. Petitions on a scale never before witnessed had deluged parliament. A quarter of all those eligible to sign them had added their names. Never before had the mass of the British public committed themselves so manifestly to a single issue. It had become for them, the French Foreign Minister noted in mingled bemusement and disdain, ‘a passion carried to fanaticism, and one which the ministry is no longer at liberty to check’. Castlereagh, negotiating with his opposite numbers at Vienna, knew that his hands were tied. He had no option but to secure a treaty against the slave trade.”

Tom Holland Dominion: How the Christian Revolution Remade the World

Words Worth Noting - June 9, 2026

“ONE CAN LACK any of the qualities of an organizer – with one exception – and still be accepted and successful. That exception is the art of communication. It does not matter what you know about anything if you cannot communicate to your people. In that event you are not even a failure. You're just not there.”

Saul Alinsky Rules for Radicals [start of chapter “Communication”].