atddta 32: liquidity as mistrust of the future

[grladams at teleport.com]

Still invoking the fallout of the fall of the silver standard, we get a
glimpse of Dally as Dorothy, and her likeness and other prairie everygirls
out there both as representations of faith and value -- there's even a
portion at the end of her cyclone (reap the cyclone, member?) where as I
recall, she awakens from a fog to "it's me!" Recall the famous line
Dorothy? Dorothy? Where are you? It's me, Auntie Em! We're trying to find
you! Where are you? In the text, there has _got_ to be some significance of
the repeated "It's me" quote when she's about to receive her mission from
Lew. Others out there with any thoughts? In the context of the Tarot? I
don't even know who's saying it. Lew? Dally? Is he or she off on a daydream
hearing it?

The bank itself is downplayed -- described as an invisible building housing
a system that breathes and grows and is alive -- guarantees loans, notes,
promises-- the bank’s just a facilitator, not really a controller of this
stuff.

I’ll leave it to economic theorists out there to better voice where this
part goes, but, interesting side reading was to peruse John Maynard Keynes,
since he, like all the characters in ATD, evolved professionally in that
span of time from Victorian stability through the blundering sorrow of a
war for trade. He would put new emphasis on the function of money--on
liquidity as a measure, not of purchasing power, but of _mistrust of the
future_. His articles at the time opened eyes to the roles being played by
the Kreditbanken, the Bank of England, and the influence that trade and
demand for money had on political economy"—in articles whose titles almost
sound like mechanics or physics, to me
. In 1911, at age twenty-eight, he
was named editor of the prestigious Economic Journal published by the Royal
Economic Society, a position he retained for the next 33 years.


The fact that the bank and all the doors and drawers are wide open
symbolizes how what could have remained secret becoming everywhere, like
the air. Come on in, ask and it will be given, everyone can know but yet
it’s a secret. This is a lynchpin of a minnepean satire, as I have
uncovered, digging around on the web. The shock of the familiar.
 

http://uts.cc.utexas.edu/~wbova/fn/history/coin.pdf is a link to some text
about Bimetallism, which to me is a context to represent allegory of Faith
in Future.


Btw: Keynes was listed in the Gay and Lesbian Biography. 



Sources :

Gale Encyclopedia of U.S. Economic History. Gale Group, 1999.
Gay & Lesbian Biography. St. James Press, 1997. 
John Maynard Keynes: Critical Responses
 By Charles Robert McCann
Keynes on Monetary Policy, 1910-1946 Author(s): D. E. Moggridge and Susan
Howson Source: Oxford Economic Papers, New Series, Vol. 26, No. 2, (Jul.,
1974), pp. 226-247


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