Fanax: the Mycenaean term for "king"; pronounced "wanax". The funny initial letter, "F", is called digamma and shows up in Archaic Greek epigraphy (papyrus and tablet writings). The sound, if not the letter form, and its linguistic equivalent initially show up in the heiroglyphic writings (Linear B) of Bronze Age Greece both at Pylos, in the far west of Greece (Peloponnese), and at Knossos in north central Crete, the funny "F". Specifically, digamma shows up in the Greek of Homer's Iliad with the word "F"anax, but there it's a "rough breathing" in the form "(h)anax", where the term is linked to an important individual at Pylos. In Classical and Hellenistic Greek, the F continues in this aspirant, or "h" sound, form at the beginning of many Greek words.

Entries for month: September 2013

Inflation

September 12, 2013 ·

100 years of inflation, comparing Then to Now.  And this is essentially taking the government’s fudged numbers as fact, not even challenging the 2.5 – 3.5% figure that we’re bullshitted with all the time.

But of course we’re always told that all that government spending, the spending paid for by printed dollars, the printed dollars which inflate costs by deflating the value of the dollars already in circulation, increases GDP.  The so-called Keynesian “multiplier effect”.  Except $18,000,000,000,000 (yes, trillion) has produced only $1,000,000,000,000 of GDP.  I thought all government spending was counted in GDP?  Clearly, not so.

 

Tags: politics

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