by Karl Denninger
Market-Ticker.org
I am making my way to Knoxville for the annual Turkey Trot after which I shall engage in the debauchery of good food and better Scotch.
Some of you might remember my usual annual Thanksgiving missive, in which I put forward facts that many do not know, and which is only taught in schools where actual history is the subject of, well, history class.
Studying history is an important — indeed critical — part of the human experience. We have long-wave cycles that approximate one human lifetime, or two generations, in large part because we do not pay attention to history or adulterate it to suit whatever preference might be going around society at a given time. This is a serious mistake because many times what we do as humans has undesirable — or even disastrous — consequences. If we memorialize this in some indelible form and then make sure others have access to it, and the next generations seek it out and consume it, there is a decent chance of avoiding having the same bad thing happen twice.