Monthly Archive for May, 2021

Commencement in the Time of Covid

I had the honor of giving the commencement address to this year’s graduating economics majors at the University of Rochester, under circumstances that were trying in several ways.

First, I learned at 10:10 PM on Friday that I was giving this talk on Saturday morning. (It’s a long story. All the communication failures leading up to this were entirely my own fault.) I got to bed rather late that night.

Second, it was so ungodly hot that I chose to shed my cap and gown.

Third, there were, I think, only about 80 students present, spread evenly around a 967 seat auditorium (family and other guests were not allowed). Laughter and applause were therefore pretty sparse (though I suppose they might have been sparse for other reasons) and even what little could be heard was mostly not picked up by the microphones.

Other than that, I thought it was a good day. Those who have seen my 2017 commencement talk will recognize roughly the first quarter and the last tenth of this one, which I recycled. The intervening 65% or so is new.

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Potpourri

  1. I am delighted to be able to point you to the writings of my friend Herrmann Banks. For years, Herrmann has been sharing brilliant and original insights in private conversations and emails, and for years I’ve been telling him he needs to share them more widely. Now he’s up and running. Enjoy!
  2. Many American highways have “HOV” lanes, reserved for cars with multiple occupants. Sometimes a driver with no passengers will cheat and use those lanes. This is of course a blessing to all the rule-abiding drivers in the regular lanes, which have just gotten a little less crowded. So why do those drivers tend to respond by giving dirty looks to the cheaters who just made their lives better?

    I expect this is related to the phenomenon of apartment-hunters getting angry at landlords who won’t rent to them, even though those landlords are making their search easier by renting to someone and thereby reducing the competition for other apartments.

    But in the case of the landlords, the psychology seems to be something like “Yes, you’ve helped me by renting to others but you could have helped me even more by renting to me!”. (Though this overlooks the fact that anybody could have made your life easier by becoming a landlord and renting to you, so maybe you should be equally angry at pretty much everybody.) Whereas with the HOV lanes, it seems like the cheaters have already done everything they could possibly do for you (unless you think they could do more by getting off the highway completely, making a little more room in the HOV lane, and thereby encouraging someone else to cheat).

    People are odd.

  3. The next time somebody encourages you to “buy local” so you can “keep the money in the community”, try asking how they feel about the federal income tax, which is designed to facilitate the largest geographic redistribution of income ever conceived.

Hat tips to my friends Gerry Sohan for point 2) and John Barry for point 3).

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What is an E-flat idiot?

So I was clicking through the stations on Sirius XM and came upon a rebroadcast of an old Jack Benny radio program from 1953, with Bob Hope as the guest star. There is a live and apparently very appreciative audience that laughs expansively at all the “jokes”. (Yes, the scare-quotes are deliberate.) But one instance stands out from the rest: When Dennis Day informs Bob Hope that, having seen all the Road To… movies, he has something to say. And what, asks Hope, is that? The ensuing dialogue goes like this:

Dennis Day: You’re nothing without Bing Crosby!

Bob Hope: You E-flat idiot!

At this the audience laughs uproariously, out of all proportion to all previous laughter, and for what seems like approximately forever (though I now know that it was about 17 seconds).

Having absolutely no idea what an “E-flat idiot” is, I of course turned to Google, where I get several hits — all of them to pages with lists of something like “the longest laughs in the history of radio”, but not one of which leaves me any more enlightened about what an E-flat idiot actually is.

(I realize it’s probably too much to hope that I’ll ever understand why this was funny, but I’d at least like to know what it means.)

Anyone?

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