the moon's favors: deficits make us poorer if they crowd out investment spending — which they would if the economy were near full employment, but won’t if we’re deeply depressed

Words whisper, carrying more than one might know, hypostases, rather than mere understanding. Words grow from roots, spawn families, travel and mingle, get lost, get found, and often marry the strangest bedfellows. Like our bodies, our ideas, and our culture, words evolve, handed down to us from a place beyond memory. As the warp and woof of language, words possess the magic to shape the immaterial into the solid things of psyche ~From my intro to AO's The Archives of the Heart

The Platonic tradition may be likened to an underground river that from time to time sends up a spring; wherever its waters flow, the soul is reborn, and with it the conception of intellectual form, the beautiful, and true art.~ Kathleen Raine

2012/10/14

deficits make us poorer if they crowd out investment spending — which they would if the economy were near full employment, but won’t if we’re deeply depressed