"The word “integrity” became like a sacrament. Hating dishonest things was our creed, and since everything was a lie, hate was the only emotion we could express. No person or thing was so politically perfect that a flaw couldn’t be probed. The truth is, if there really was an Illuminati bent on controlling the world through a secret government, they couldn’t have done a better job of defanging the youth movement than by introducing the self-negating, life-consuming, ignorance-propagating, lethargy-celebrating, divisive and controlling, fashion-based ideology of punk rock into the mainstream. It was basically the crack epidemic of rock culture."
"Many magazines have been funded by wealthy people who were willing to take moderate losses. (Thank you to all of you.) Or Conde Nast could suck money out of its newspapers to feed into its glorious magazine operations. Nevermind that back at the newspapers they kept people working for nothing at podunk papers that also happened to make crazy bank with their classified ads. Any time I imagine the glamorous world of writing for The Atlantic or The New Yorker or Harper’s in 1968 or 1978, I remember that most journalists were going to homecoming football games and writing about the king and queen. Most journalists were humping around the local garden show and talking about trends in petunia horticulture. Most journalists were doing things that no one really wanted to do, but they did it anyway for money and for a shot at the show which almost never came. I respect the hell out of those journalists working at those local papers. They were doing the stuff that, at least within certain empires, that let the magazine editors have lunch at Balthazar’s (or insert actual appropriate New York lunch spot)."
"Time is a great equalizer. We all only have 24 hours in a day, and how we choose to spend it is largely dictated by the economic system we’re in. If we’re part of a hunter/gatherer society, anthropologists have observed that we spend about 20–30 hours a week in activities that could be classified as work and the rest of the time playing games, making music and hanging around the camp. In the feudal system during the European Middle Ages, the breakdown of hours worked as compared to hours spent doing other things was about the same. Now, in so-called advanced civilization, we are spending many more hours per week working for pay and fewer hours in recreational, social and spiritual pursuits. Why have we chosen these priorities in our society?"
"At least twice in history, a form of money has existed where there was no incentive to accumulate it as a store of value because it didn’t earn positive interest in bank accounts. Instead, it had the equivalent of a negative interest rate (known as demurrage)—the longer you held on to it, the more you would have to pay—similar to a parking fee on money. This gave people who were paid in this currency a strong incentive to spend it or to invest it—preferably in things that would continue to be valuable over the long term. The velocity of this type of money, in other words, was quite high. Since people didn’t hoard it, it also was not scarce—there is strong evidence that its existence fostered long periods of prosperity in Dynastic Egypt and during the Central Middle Ages (10th-13th centuries) in Europe."