Thinks 508

Roosevelt Montás: “One can begin by recognizing that the present has a past; that the categories, the institutions, the ethical norms, political procedures, economic structures of society—all of that has a history. And understanding that history is the most empowering kind of education if you want to alter, to intervene in, to adapt the current world. To understand that past means looking at its sources, and its sources are sometimes called “the classics,” sometimes called “great books.” This doesn’t only mean poetry—it also means documents, debates, and philosophical treatises. But there is a whole kind of humanist tradition of debate, expression, and artistic exploration that lies at the foundation of our society. The best way to educate a human being to be a conscious, effective agent in our society, is to acquaint them with that history, and there are no better tools than the tradition that’s associated with classics. Now, it’s a tradition that we’re always revising, we’re always discovering new classics and we’re always finding new ways of reading them. We’re always discovering new questions and new information that contextualize what they mean. All of that is salutary and necessary and part of what the classics, in fact, prompt and give an occasion for.”

Veronique de Rugy: “inflation isn’t caused by corporate greed. Readers of this column know by now that it’s caused by government’s excessive deficit spending, fueled in part by loose monetary policy. Therefore, getting rid of inflation requires an increase of interest rates theoretically higher than the current inflation, along with some overdue fiscal discipline. Reforms like deregulation that promote faster growth in the supply of goods and services would also help. What we don’t need, but what we’ll likely get, is more government spending and more debt accumulation. The result will only fuel the inflation fire.”

WSJ: on the everyday patriotism of diverse democracies: “Civic principles matter, but love of country in the modern West is largely based on affection for ordinary life, from food and holiday customs to sports teams and local geography.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.