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

The World In Which We Live: Pandemic Edition

What a year 2020 has become. As the federal government (particularly the head of the executive branch) dithered, a microscopic killer grew in strength and swept across the globe. A novel virus; one which humans have not been exposed to and thus have no immunity from. No effective treatment, no vaccine at this time. The possibilities are horrendous. At first it was a China problem, then an Asia problem, before it became a global problem. In my home state of Georgia, it has become a human behavior problem. The state has been partially shut down for a matter less than one month, yet is set to reopen in days. Never mind that our governor claimed he was unaware that the virus could spread via asymptomatic persons, earning himself a place on the Dumbest Governors list. The state is reopening with a mind-boggling list of businesses: hair salons, barber shops, tattoo parlors, massage parlors, bars. These are the last  businesses that should open, yet Kemp, doing his best impression of a son

April Fool's Day, Distance Edition

Ah, April Fool's Day, the day in which a middle aged man such as myself gets to clown around at the expense of friends, family and colleagues. Not this year. The world is on edge and there is palpable tension in the air. Everyone is feeling anxiety, about the COVID-19 pandemic, the economic crash, shortages, physical distancing and more. Speaking for myself, it doesn't help that the Empire State Building is lit up like an emergency vehicle: This year, I'll go home to my family. Instead of pulling a prank, I'll ask how the day went. My son has piano class (over FaceTime for the foreseeable future) on Wednesdays, so I expect to hear a song or two. Dinner, a little TV, then end the day. 2020, you win. But I'll be back. We'll be back, We always come back.

The World In Which We Live: Premature Reopening Edition

I don't even know where to begin. Despite there being no effective treatment, vaccination, or the much-discussed herd immunity, many states are relaxing social restrictions put in place to mitigate the spread of Covid-19. My home state of Georgia was among the first to do so (my sense of timing and location is impeccable). Instead of a state economy charging out of the gates like a racehorse, we get this: An 83% increase of confirmed cases in my county, which is mostly rural with a small industrial base, 90 miles from Atlanta. But freedom, amiright? I find it utterly amazing that people find being instructed to stay in their homes and take extra precautions to prevent becoming infected with a fatal disease a form of tyranny. When did "Wear a mask and wash your hands regularly" become equal to tanks in the streets? I understand wanting a haircut; Hell, I need  one but don't want to kill my barber, a nice guy who fits nicely into the at-risk category. Do