Trilemma of Dave
I read to encounter new stories, new ideas, and new words, and I found all of these in Paul Krugman's The Return of Depression Economics and the Crisis of 2008 . . . I read stories of economic disaster in Latin America, Japan, and Thailand; I read that the global crisis of 2008 might not have been completely caused by the repeal of the Glass-Steagall act (which was put in place after the Great Depression and ensured compartmentalization between commercial banks and investment companies) and might have been more the result of a "run" on the completely unregulated "shadow banking system" . . . which wouldn't have been regulated by the Glass-Steagall act anyway; and I read the word "trilemma," which Krugman used to explain the problem with national monetary policy . . . you can either let your money "float" and fluctuate on the exchange rate, which fights recession but adds a great deal of uncertainty to your economy, or you could fix the value of the rate and attempt to guarantee that the currency would never be devalued, or you can maintain an adjustable peg . . . and he explains the defects in all of these and calls the problem a "three-cornered dilemma" . . . a "trilemma" and the only trilemma in my life right now is not particularly exciting . . . it's not like Heidi Klum, Karolina Kurkova, and my wife are all battling for my affections . . . but there certainly are three corners to my problem: I have a knee injury, but it's not a terribly bad injury-- my knee cap popped out of place and I sprained the inner ligaments and my bursa sac is a bit swollen, and so I can either: 1) rest it properly until it heals . . . which is what I should do, but is rather impossible since I have two active boys, a dog, and I am hyper-active 2) I could do light exercise . . . jog, walk, play with my kids, lift weights, bike, and swim . . . which alleviates my hyper-activity but is rather boring, or 3) I can tape myself and wrap myself and brace myself and keep playing basketball and soccer until my knee explodes and my plantar fasciitis returns.