It's another selection from Miles's '67 Tour. Make sure to check out Williams on drums: "he was a babe at the time", as one of my very first followers once astutely remarked. NOD to you...
Sunday 1 April 2012
Music break: FRB anniversary edition
I wish to mention that a few weeks ago was FRB's first anniversary. To mark this occasion, I want to extend my gratitude to readers for their continued support and contribution to this site by dedicating this music break to all FRB readers. I hope it is inspiring.
It's another selection from Miles's '67 Tour. Make sure to check out Williams on drums: "he was a babe at the time", as one of my very first followers once astutely remarked. NOD to you...
It's another selection from Miles's '67 Tour. Make sure to check out Williams on drums: "he was a babe at the time", as one of my very first followers once astutely remarked. NOD to you...
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Again a superb pick Circuit. Just a note-I'm not sure if Tony Williams was as young as a babe, but certainly as young as a toddler!! That's a long time ago.
ReplyDeleteJust discovered this site.
ReplyDeleteAlready read some excellent posts.
More power to your elbow.
Excellent work, I concur.
DeleteNOD!! May have been a toddler for KP but was definitely an infant for most of us, particularly for one. Great way to celebrate the second season, notwithstanding the passing with time. As swells and many like to say: stay the course.
ReplyDeleteNice touch, circuit. TW was a brilliant fusionist. Passed away too young, barely over 50. Great eulogy. Very good work, Circuit and JL.
ReplyDeletecongratulations FRB. good year! you have excellent reads and very serious readers. keep the standard.
ReplyDeletehe would say 'good choice'- certainly one of the better renditions. he had two complaints about Miles. 'his bridges were never as good as Monk's', although the chases were excellent as were the chasers of course, and "some chops by MD were not as effective as the bebops of his cool period."
as swells says how many surfers can handle jaws on any random day. but then-how many economists can handle a bit of Keynes on their better days. check the deteriorating chatter around the sphere. he used to paraphrase Getz when talking about economists,financial types and policymakers: four essential requirements are taste, courage, individuality and irreverence. not many around?
he thought music, esp jazz, and economics were twins. mi would always ask where are Gillespie, Duke, Armstrong, Parker, Christian, Getz, Powell, Monk, Trane and go on and on. he'd answer they're comin'
Serious readers, indeed. Even on the topic of music. I'm glad I picked a 'good choice'! Certainly, you'll agree there's lots of 'agitation' these days on blogs on an important issue relating to monetary economics. Some are faring better then others through these agitations. One person in particular, a fellow Canadian, really blew it in my mind. People don't read enough. A good rule of thumb is to finish the entire article before commenting online. Lucky for him, these issues don't capture much attention outside of the field and sphere.
ReplyDeleteBTW, there's another reason why I picked another selection from the '67 tour. These agitations between Krugman and Keen reminded me of some early Fed papers during that period. One article in particular, by John Wood (1967), entitled "A model of Federal Reserve behavior", has caught my attention. In any event, it's clear Fed economists in those days were more at ease with these issues than many economists today. Who knows, maybe economics and jazz are twins, and that MD was an inspiration to some back then.
!!!
ReplyDeleteJHW is copernican and probably possesses everything Getz proposed (nod jh). Without H, the kids would never have made the quantum leap describing the FR's nucleus. JHW is to operatives like Bohr is to quantum physicists: fundamental. And in passing cast needed light into the D-J model and offered an alternative. Chair Bernanke and Secretary Geithner must always be careful of what they say with JHW around.
If you want a 'string' theorist he's one of the best.
G. I always welcome your anecdotes. But your last one transcends: why do you consider JHW a string theorist?
ReplyDeleteFair Question KP! and thanks for your consideration. I apologize to readers. The reference to "string" theorist is really an innocent pun. In my context, I was underscoring the operations of endogenous money theory or what some traditionalists would refer to as circuit theory: pushing on a string (impossible) and pulling on a string which depicts the demand logistics of commercial banking in their relationships with the Federal Reserve (Central Banks, and the non-reciprocal nature of financial operatives within the dynamics of monetary policy. You should note that JHW has a great blog!!! and his operational period history of FRS is definitive. The 'kids' referred to were slightly younger than JHW: REL & RGT- excellent economists. Bohr is Neils Bohr who formulated one of the more effective models of the nucleus, which helped lay the foundations for modern quantum mechanics.
DeleteKP, I'm very glad you asked that question. And, thanks to GC for elaborating. I admit having missed the pun too. Also, I agree that John Wood's blog is excellent. The insights and references in his blog are fantastic! BTW, thanks for the tip re the Dewald-Johnson model.
ReplyDeleteSerious nod to your work this past year. In particular, for myself, your net lending/borrowing post hit it out of the ballpark. It really crystallized my thinking on sectoral balances and should be required reading for anyone wanting to better understand the economy.
ReplyDeleteAlso kudos for staying above the fray and mud slinging.
Cheers to you, TGBC. Glad you enjoy the site and posts. JL and I are pleased to hear our column was worthwhile.
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