We open today’s blog post with a quote from George R. R. Martin, affectionately known, I am told by friends who know him, as “GRRM”:
“You esteem this Penrose more than you do my lords bannermen. Why?”
“He keeps faith.”
“A misplaced faith in a dead usurper.”
“Yes,” Davos admitted, “but still, he keeps faith.”
“As those behind us do not?”
Davos had come too far with Stannis to play coy now. “Last year they were Robert’s men. A moon ago they were Renly’s. This morning they are yours. Whose will they be on the morrow?”1
We follow with questions posed by the blogging community with which I identify, noting that this quote contains the grim answer. [Read more...]
Endnotes:
- George R. R. Martin, A Clash of Kings: A Song of Ice and Fire: Book Two. [↩]






Whatever the Market Will Bear
The phrase “whatever the market will bear” is typically used in economic discussions. Primarily, when discussing how fees for various products or services are set you’ll hear the phrase offered as some explanation for what is really exploitation of the market. It only works well in a non-competitive environment. Adam Smith, the pioneer of political economy who authored An Inquiry Into the Nature and Causes of the Wealth of Nations,
But then, Smith was passionate about liberty, reason, and free speech. He was a classical liberal, a believer in “natural liberty”, but not quite the free-wheeling laissez-faire libertarian those who frequently co-opt his theories apparently believe him to be.
Smith believed there was a danger in too much concentration of power which naturally occurs on the side of businesses and the rich in an unregulated environment. There are some interesting parallels between Smith’s concerns about the collusive nature of business interests and the problem of our dying Constitution and the consequent perversion of our criminal justice system.
[Read more...]