What are they thinking?

The final setting of Margaret Atwood's The Handmaid's Tale occurs well into the future, at a symposium of historians examining the Handmaid era.  Your podcaster expects a similar, future gathering of sober scholars evaluating the Time of CoVid.  They'll likely conclude it was an economic and political bankruptcy - a mathematical and moral fiasco.  Still, it wasn't all bad, and this podcaster imagines that sitting at the back of the room a lowly assistant will indecorously interrupt proceedings with, "At least the Funny Flu allowed Cannonball Run that stood for ages!"Before security could be called to escort this violator of stodgy proceedings out the banquet room - the iconoclast would blithely explain, that the Cannonball is an unofficial, entirely illegal 2,800 mile (4,500 kilometer, but who knows with inflation these days) car race from New York City's Red Ball Garage to the Portofino Hotel in Los Angeles.  That the pre-'Rona record was 27 hours, 25 minutes.  That with Captain Trips clearing the roads of grandmas, convoys, smokey, panda and the fuzz the new record was set at an eyelid-peeling 25 hours, 55 minutes.  And that two general documentaries were already released on the subject, including Cannonball Run II - which is in your podcaster's sincere, very unprofessional opinion the best documentary ensemble cast ever, including stars: Burt Reynolds, Dom DeLuise, Dean Martin, Sammy Davis Jr., Shirley MacLaine, Frank Sinatra, Marilu Henner, Aristotelis Savalas, Catherine Bach, Susan Anton and Jackie Chan, among others.And it is the idea of the "ensemble cast" that makes this 22nd episode of Making Sense a special one.  We try to answer three questions: which paradigm do central banks inhabit, was Aristotle an idiot, are low rates stimulative?  In trying to answer them we turn to Jeff Snider.  But also, Aristotle himself, and Ben Bernanke, Benoit Mandelbrot, the Bride, Christopher Nolan, the Cohen Brothers, Cormac McCarthy, Eugene Fama, Henri Poincaré, Hugh Hendry, Janet Yellen, Jay Powell, Jeb Hensarling, Joe Rogan, the Joker, Keith McCullough, Louis Bachelier, Milton Friedman, Paul Samuelson, Plato, Robert Brown, Ronald Coase, Socrates, Steve Keen, Thomas S. Kuhn, Two-Face and William F. Buckley Jr.----------WHERE----------AlhambraTube: https://bit.ly/2Xp3royApple: https://apple.co/3czMcWNiHeart: https://ihr.fm/31jq7cICastro: https://bit.ly/30DMYzaTuneIn: http://tun.in/pjT2ZGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYCastbox: https://bit.ly/3fJR5xQBreaker: https://bit.ly/2CpHAFOPodbean: https://bit.ly/3enSAkrStitcher: https://bit.ly/2C1M1GBOvercast: https://bit.ly/2YyDsLaSoundCloud: https://bit.ly/3l0yFfKPocketCast: https://pca.st/encarkdtPodcastAddict: https://bit.ly/2V39Xjr----------WHAT----------Was Aristotle An Idiot? Welcome Back August 9, The Answer To That Question The Key To The Next Golden Age: https://bit.ly/30UMILSThomas S. Kuhn's The Structure of Scientific Revolutions: https://bit.ly/3gZiFZ0Eugene Fama’s Efficient View of Stimulus Porn: https://bit.ly/2Y0kk9tFama 2: No Inflation For Old Central Banks: https://bit.ly/3gYVuhAEugene Fama Interview (Inflation is Totally Out of the Control of Central Banks): https://bit.ly/2Y1Y7aYLow Rates Aren't a Central Bank Providing Accommodation: https://bit.ly/3iF0cBs----------WHO----------Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, making economics erogenous again.  Artwork by David Parkins, the thinking man's Auguste Rodin.  Podcast intro and outro "Mt. Fuji" by Ooyy and Smartface at Epidemic Sound.