Skip to main content

Economic Insights From "Gone With The Wind"


My wife and I recently enjoyed seeing Gone With The Wind projected on a movie screen, a first for us both. We'd seen it on television, but the large screen experience was something quite different. A good many years had passed since I last watched the film, and I was struck by its comedic moments, as well as its more blatant racism and misogyny (times have changed and continue to!)
I was also impressed with its rather solid financial advice. For example, when raising funds for "the Cause" (AKA war), Rhett Butler made an impression on the crowd with an offer of gold for a dance. In times of political turmoil, you know, civil war, regime change and such, precious metals are more desirable than paper money issued by a government that may or may not be in power in days to come. This point is hammered home in a later scene, when Scarlett O'Hara returns home to find the family estate in ruins and her father in shock. He tells her not to worry, as he has money. At first, Scarlett is relieved, but when told the money is in Confederate war bonds, she realizes the family is broke - the government that issued those bonds has fallen and they are worthless. Mr. O'Hara still has a head for permanence, however; he reminds Scarlett that land is a great asset, "it's the only thing that lasts!"
In summary, we're reminded that precious metal bullion is a great hedge in times of turmoil, paper (or digital, as times have changed) currency is backed only by faith and credit in the issuing body and is subject to the fate of said body, and land indeed is the only thing that lasts. I left the theater thinking I need to buy bullion and acreage!
In closing, it was a great night put on at the beautiful GEM Theatre in Calhoun, Georgia, just an hour or so north of the film's setting.

Comments

Popular posts from this blog

In Memorium: Shaun Mullen, A Most Generous Man

Author, editor, blogger, and so much more Shaun Mullen has passed. Noting his blog  Kiko's House  hadn't been updated in a while, I did a search and discovered his  obituary . My friendship with Shaun goes back to 2006. While living in Australia, I'd discovered his blog when searching for informed commentary on US foreign policy in the Middle East. Sadly, much of that policy remains unchanged 14 years later, but that is for another post. Shaun  had noticed that his blog wasn't rendering correctly in Internet Explorer and asked if anyone could suggest a fix. I, being a bit of a tech head at the time, suggested Firefox or similar browser, and the problem was solved. We kept in and out of touch, finding common ground in music (I mentioned my love for the Grateful Dead and Shaun sent a dozen CDs of concert recordings. By International mail. The man was generous to a fault.), worldview, and more. My old site got its greatest number of hits when Shaun linked to a few of m

Quote Of The Day, Kafka Edition

I usually solve problems by letting them devour me.  - Franz Kafka

Tiny Treasures: Geocaching With A Kid

The Loot Need a little adventure in your life? Try  Geocaching . It's an old-fashioned treasure hunt made modern by GPS and a global network of players. Just download an app, sign up and go hunting. With millions of caches across the globe, chances are you'll find something.  A typical cache is a small container, within which is a log of players who have found it. Also likely to be included is any number of small keepsakes, the treasure of the hunt. The photo above is of some of the loot found on a recent outing with my wife and son.  Speaking of which, if you want a lot of adventure, go geocaching with a kid. Even a grizzled old veteran of the game like myself is made youthful when a kid plays, because the expression of wonder and joy on the face of a child who finds a small box hidden away by persons unknown is truly a sight to behold. There's something magical about the act, and the taking of a keepsake (and leaving a replacement of your own) only makes it better.  Some