From Burke to Kirk and Beyond...

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Sunday, July 05, 2009

Mortgage crisis- Any skin in the game?

It's less about the honesty of the banker and borrower and mostly about whether the borrower had skin in the game.

Thus, subsidizing more mortgage debt won't change the game.
Posted by Tertium Quid at 10:01 AM

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Russell Kirk

Russell Kirk
1918-1994
"There are no causes entirely lost because there are no causes entirely gained." Russell Kirk

Edmund Burke

Edmund Burke
1729-1797
"No one could make a greater mistake than he who did nothing because he could do only a little." Edmund Burke

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"How small of all that human hearts endure /
That part which laws or kings can cause or cure."

Samuel Johnson

"The moral I draw is that the writer should seek his reward in the pleasure of his work and in release from the burden of his thought; and, indifferent to aught else, care nothing for praise or censure, failure or success."
Somerset Maugham

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Some Pretty Good Writers

  • Aeschylus
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  • Yeats, W.B.
"Whether the work itself is completely successful, or whether you ever get any worldly success out of it, is a matter of no concern to you."
Flannery O'Connor

Literary and Aesthetic Resources

  • American Poets
  • Bartleby's Works Online
  • Early Christian Writings
  • Internet Classics Archive
  • Irish Poets
  • Old Paint (a painting a day)
  • U. of Adelaide On-Line Library

Wm. Faulkner's Nobel Speech, 1950

I feel that this award was not made to me as a man, but to my work--a life's work in the agony and sweat of the human spirit, not for glory and least of all for profit, but to create out of the materials of the human spirit something which did not exist before. So this award is only mine in trust. It will not be difficult to find a dedication for the money part of it commensurate with the purpose and significance of its origin. But I would like to do the same with the acclaim too, by using this moment as a pinnacle from which I might be listened to by the young men and women already dedicated to the same anguish and travail, among whom is already that one who will some day stand where I am standing.

Our tragedy today is a general and universal physical fear so long sustained by now that we can even bear it. There are no longer problems of the spirit. There is only one question: When will I be blown up? Because of this, the young man or woman writing today has forgotten the problems of the human heart in conflict with itself which alone can make good writing because only that is worth writing about, worth the agony and the sweat. He must learn them again.

He must teach himself that the basest of all things is to be afraid: and, teaching himself that, forget it forever, leaving no room in his workshop for anything but the old verities and truths of the heart, the universal truths lacking which any story is ephemeral and doomed--love and honor and pity and pride and compassion and sacrifice. Until he does so, he labors under a curse. He writes not of love but of lust, of defeats in which nobody loses anything of value, and victories without hope and worst of all, without pity or compassion. His griefs grieve on no universal bones, leaving no scars. He writes not of the heart but of the glands.

Until he learns these things, he will write as though he stood among and watched the end of man. I decline to accept the end of man. It is easy enough to say that man is immortal because he will endure: that when the last ding-dong of doom has clanged and faded from the last worthless rock hanging tideless in the last red and dying evening, that even then there will still be one more sound: that of his puny inexhaustible voice, still talking. I refuse to accept this.

I believe that man will not merely endure: he will prevail. He is immortal, not because he alone among creatures has an inexhaustible voice, but because he has a soul, a spirit capable of compassion and sacrifice and endurance.

The poet's, the writer's, duty is to write about these things. It is his privilege to help man endure by lifting his heart, by reminding him of the courage and honor and hope and pride and compassion and pity and sacrifice which have been the glory of his past. The poet's voice need not merely be the record of man, it can be one of the props, the pillars to help him endure and prevail.

64th Field Artillery Battalion- Korea

64th Field Artillery Battalion- Korea
(my father's unit)