The relentless drive for productivity may have some limits; if our economies don’t continue to expand, we risk putting people out of work.
anyone know what this is? is it pier one crap or art? (Taken with instagram)
in-between (Taken with Instagram at InterContinental-Mark Hopkins Hotel)
Barney Frank: These days in developed countries, everybody says you need a private sector to create wealth, you need a public sector to create rules by which wealth is created. Sensible people understand that. Let me read this to you.
[Picks up copy of Hayek’s The Road to Serfdom.] “In no system that could be rationally defended would the state just do nothing. An effective competitive system needs an intelligently designed and continuously adjusted legal framework as much as any other. Even the most essential prerequisite of its proper functioning, the prevention of fraud and deception, including exploitation of ignorance, provides a great and by no means yet fully accomplished task of legislative activity. There are undoubtedly fields where no legal arrangements can create the main condition on which the usefulness of the system of competition and private property depends where, um, it’s impracticable to make the enjoyment of certain services dependent on the payment of a price, competition will not produce the services; and the price system is, um, ineffective, um, we have to resort to the substitution of direct regulation by authority where the conditions for the proper working of competition cannot be created.” [Closes book.]
NYMag: Do you read Hayek a lot?
Barney Frank: For these purposes. And so we’ve had people who understand you have the private sector, you need the public sector. The tension between left and right has been where you draw that line, but it’s been a contest between people who see maybe a 20 percent overlap. For the first time in American history we have people in power now who reject that. If they knew it was Hayek, they might think, well, maybe, but they reject the public sector.
That’s why we can’t work together.’
(From New York Magazine interview)
Feels just shy of icy… looks frigid (Taken with instagram)
Postcard Row (Taken with Instagram at Alamo Square)
Sutro on Sutro. Any questions? (Taken with Instagram at Alamo Square)
Taken with Instagram at Bayside Village
SOMA (Taken with instagram)
Rincon Tower (Taken with Instagram at Downtown 76)