{"id":2912,"date":"2009-05-18T00:12:12","date_gmt":"2009-05-18T04:12:12","guid":{"rendered":"https:\/\/blacknell.net\/dynamic\/?p=2912"},"modified":"2009-05-18T00:12:12","modified_gmt":"2009-05-18T04:12:12","slug":"still-dont-get-it","status":"publish","type":"post","link":"https:\/\/blacknell.net\/dynamic\/2009\/05\/18\/still-dont-get-it\/","title":{"rendered":"Still Don’t Get It"},"content":{"rendered":"

Really, no way to accurately convey the dead-on observations of Rushkoff other than lifting his BB post wholesale<\/a>:<\/p>\n

It’s not that the irony of an economics reporter – “the chief eyes and ears on the Federal Reserve for the past six years” – falling prey to the very phenomena he was reporting on was lost on the Times; that’s what the article was about. Rather, it’s the way the magazine has chosen to embrace the values of the population it failed: instead of reporting accurately on what happened while it was happening, the magazine (and the papers’) reporters simply excuse everyone’s short-sighted greed by admitting they did it themselves. Hell, if it can happen to the economics guy at the Times, then it really is excusable, and the government should restructure or repackage and let us stay in these giant houses we couldn’t afford. At the expense of those who made smarter, non-NY decisions.<\/p>\n

But the missed opportunity here was that by dedicating an entire issue to Dilemmas of Debt, the NYTimes put itself in a position to explain debt. To help people understand what really happened, and to think about it more deeply. They could have done a piece on central bank-issued currency, on the bias of currency, on the workings of a debt-driven economy, or on the hundreds of alternative value-driven currencies now on the horizon. They could have looked at how debt itself functions, or how it influences societies who use it as the basis for their economy. They could have at least help readers consider the possibility that debt itself is not a pre-existing condition of the universe. It is an invention.<\/p><\/blockquote>\n

Remember this.<\/p>\n","protected":false},"excerpt":{"rendered":"

Really, no way to accurately convey the dead-on observations of Rushkoff other than lifting his BB post wholesale: It’s not that the irony of an economics reporter – “the chief eyes and ears on the Federal Reserve for the past six years” – falling prey to the very phenomena he was reporting on was lost […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2912","post","type-post","status-publish","format-standard","hentry","category-society"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t