Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of MacroBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of MacroBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Macroeconomic Trends & Risks
Unthreaded | Threaded | Whole Thread (7) |
Author: sutton   😊 😞
Number: of 4460 
Subject: Re: Control Panel: Speculation on Warsh, silver, gold
Date: 02/01/26 4:16 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 8
Agree re: Andrew Ross Sorkin's new book.

I've spent a lot of time in the last twelve years in a self-education thread I think of as "WTF happened to my country while I wasn't looking?" series.

Over the last twelve months, Sorkin's book comes in second to Peak Human, by Johan Norberg.

I strongly recommend this one. Sixty-plus pages apiece on seven civilizations: Athens, Rome, the third Islamic caliphate, Song China, Renaissance Italy, the Dutch Republic, and the "Anglosphere" i.e. British -> American hegemony:

- what were their advantages in time and place?
- what good choices were made?
- how did they deal with almost unlimited political power?
- how did they screw it up?

History rhymes very, very strongly in this book. I particularly learned things about the Dutch Republic that sounded like last year's news, but the takeaway is: no very good reason to assume this time it's different. (TL;DR: There is no advantage that wise leaders endow that can't be screwed up a few generations down the road)

------

Runners-up were:
American Midnight: The Great War, a Violent Peace, and Democracy's Forgotten Crisis" by Adam Hoschild. A good companion volume to Sorkin's book, as it covers the preceding decade. I just finished this one last week. Very readable.

Over Ruled: The Human Toll of Too Much Law by Neil Gorsuch. I'm not a Gorsuch fan, but even a blind pig etc. Wonder how Fox News fell on such fertile soil in flyover country? Were I a farmer, rancher, fisherman or even a trades contractor, I'd be done, too.

The Kingdom, the Power, and the Glory: American Evangelism in an Age of Extremism" by Tim Alberta. This one may be from 2023. But, still. It's well researched, from a potentially sympathetic author, and thoroughly damning while falling short of a rant.

A little OT but a more digestible read on materials science then some of his earlier tomes is Vaclav Smil's "How the World Really Works: The Science Behind How We Got Here and Where We're Going" (It's a little one-sided IMO - Malthus hasn't been right so far, after all)

-----

and while I'm pontificating: Wendy et al have occasionally discussed fiat currencies here. While the world gradually adopted paper money in stages, one key moment for this country was the US Civil War 1861 - 1865. Roger Lowenstein's Ways and Means: Lincoln and His Cabinet and the Financing of the Civil War is wonderful. (Next step: getting the population to accept paper not backed by precious metals. See: Roosevelt, Franklin D)

------

apropos of the "It takes a man to build a barn but any jackass can kick one down" theme, my favorite new quote, from ca. 330 BC:
So true is it, evidently, that a base nature, when given great indulgence, generates public disasters.
οὕτως ὡς ἔοικε πονηρὰ φύσις, μεγάλης ἐξουσίας ἐπιλαβομένη, δημοσίας ἀπεργάζεται συμφοράς. Aeschines, Against Ctesiphon 147 (tr. Chris Carey)


--sutton
back to figuring out what happened in molecular biology while I was practicing medicine, i.e. my "Meanwhile, Back At The Lab Bench" series
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to sutton here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 4,454 posts about Macroeconomic Trends & Risks. The article-length ones it recommended most:
AI Tarpits · 36 recs · 2026
End of an era - profit slowdown · 36 recs · 2023
Control Panel: Trend changes in 2026 · 34 recs · 2026
From the Oregon Bay Area (a blogger) · 33 recs · 2025
Lerner Symmetry Theorem · 32 recs · 2025
Unthreaded | Threaded | Whole Thread (7) |


Announcements
Macroeconomic Trends & Risks FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Macro | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community