Hinrich, Carrol, Nathan -- thank you for your interesting comments.

On Tue, Jul 28, 2015 at 12:46 PM, Hinrich Kuhls <[email protected]> wrote:

> Michael Perelman wrote:
>
> > Now that economists have, for the most part relegated John Maynard
> Keynes to
> > the dustbin of history, [...]
>
> +++
>
> "I am not a fair weather sailor, I am going to be here for the course, I am
> going to represent through thick and thin. In essence, I am very much
> enjoying
> being a back bencher at the moment, because I have a lot more room for
> maneuver
> and speaking the truth without having to worry about phrasing the truth in
> diplomatic terms." (Yanis Varoufakis, 14 July 2015)
>
> "The worst thing a captain could do while he is steering a ship during a
> storm,
> as difficult as it is, would be to abandon the helm." (Alexis Tsipras, 14
> July
> 2015)
>
> +++
>
> I dedicate the following copy of a ballad by the anglophile Prussian poet
> Theodor Fontane to Professor Zarembka, Buffalo.
>
> Why? The reason is obvious:
> "If there is rescue, it comes only this way.
> Rescue: The shore of Buffalo!"
>
>
> John Maynard
> by Theodor Fontane
> Translated by Jochen Schmidtke
> http://johnmaynard.net/Poem.html
>
> John Maynard!
> " Who is John Maynard?"
> " John Maynard was our helmsman,
> he held out, until we reached the shore;
> he saved us, his is the crown,
> he died for us, our love be his reward.
> John Maynard!" --
>
> The "Swallow" flies over Lake Erie,
> spray foams around the bow
> like flakes of snow,
> from Detroit she flies to Buffalo;
> and the hearts are free and glad,
> and the passengers with children and wives
> already they see the shore in the dusk,
> and chatting all folks to John Maynard comes:
> " How far is it still, helmsman?"
> He looks ahead and looks around:
> " Still thirty minutes...half an hour."
>
> All hearts are glad, all hearts are free --
> there it sounds from the cargo room like a cry;
> " Fire!" was it, that one could hear,
> a smoke from cabin and hatch arouse,
> a smoke, then flames ablaze,
> and still twenty minutes to Buffalo.
>
> And the passengers, a mixed crowd,
> stay huddled together on the foreship,
> on the foreship there is still air and light,
> but on the helm it hovers tight,
> and a whining arises: "Where are we? Where?"
> And still fifteen minutes to Buffalo.
>
> The draft becomes stronger,
> but the smoke cloud stays,
> the captain to the steer wheel peers,
> he cannot see his helmsman anymore,
> but through the megaphone he asks:
> " Still there, John Maynard?"
> " Yes, master, I am."
> " Onto the shore! Into the surf!"
> " I hold onto it."
> And the crowd aboard cheers: "Keep on! Hello!"
> And still ten minutes to Buffalo.
>
> "Still there, John Maynard?" And answer comes
> with dying voice: "Yes, master, I keep on!"
> And into the surf, the reefs, the rocks,
> he slams the "Swallow" amid;
> if there is rescue, it comes only this way.
> Rescue: The shore of Buffalo.
>
> The ship is broken. The fire smoldered.
> Saved all. -- But one is missing! --
>
> All bells are ringing; their sounds rising
> to heaven from churches and chapels,
> apart of that the town is silent,
> one duty only it has today:
> Ten thousands follow or more,
> and no eye in the crowd without tears.
>
> They lower the coffin into flowers,
> and with flowers they fill the grave,
> and with golden letters into the marble stone
> the town writes its words of thanks:
>
> "Here rests John Maynard. In smoke and fire
> he kept the helm firm in his hand,
> he saved us, his is the crown,
> he died for us, our love be his reward.
>
> John Maynard."
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>



-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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