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Iron money app3/17/2023 ![]() It just seemed like something that exists in the world and is subject to the laws of physics. I hadn't really thought about it, but it seemed like water or something. And it wasn't really until I got to Planet Money right after the financial crisis, that I really started studying money, thinking about money. I was an English major in college and a newspaper reporter. I came to thinking about money pretty late in my life. On the idea of money as a "made up thing" "The belief is that politicians who have to answer to voters in a month won't be able to make those trade offs of short-term pain for long-term gain. "In the long run, it's reasonable to think we'll be better off with some amount of short-term pain now that comes from raising interest rates," he says. and delegating the task to Congress, Goldstein sides with the Fed. Still, given the choice between having the Federal Reserve regulate the flow of currency in the U.S. "It is perhaps the worst error in the history of the Federal Reserve." "They made it even harder for people to survive, for businesses to survive, for people to buy stuff - and that pushed the economy into the complete collapse of the Depression," he says. Goldstein says the Fed inadvertently fueled the Great Depression when it raised interest rates in 1931, following the stock market crash of 1929. His 2020 book, Money: The True Story of a Made Up Thing, traces the history and meaning of money, including the role of the Federal Reserve in regulating the U.S. Goldstein is an executive producer at the audio production company Pushkin Industries, where he hosts the business and tech podcast, What's Your Problem? Prior to that, he spent 10 years as the co-host of the NPR program, Planet Money. And so there is a very reasonable chance that what they are doing is going to cause a recession." "Raising interest rates is a blunt tool, and they don't know exactly what the effects are going to be. "It feels kind of scary right now, frankly," Goldstein says. Journalist Jacob Goldstein says the Fed's ultimate goal is to slow inflation by raising interest rates - while also avoiding a recession. (Fun fact: Szanto maintains, the finest Web site devoted to microtonal music pioneer and visionary instrument builder Harry Partch.The Federal Reserve is currently engaged in a battle to bring down the nation's inflation rate, which has been rising steadily since 2021. The two will play four excerpts, sans bass and piano, designed to illustrate the rhythmic roots of hip-hop: James Brown’s “Give It Up or Turn it Loose” Bob James’ “Take Me to The Mardi Gras” The Incredible Bongo Band’s “Apache” and Dennis Coffey’s “Scorpio.” This year’s summit newcomers include Afro-Cuban music specialist Mark Lamson (who leads the Brazilian group Sol e Mar), Gary Nieves (who plays in the superb Miles Davis-and-beyond tribute band E.S.P.), Karl Denson Trio drummer Brett Sanders and Los Angeles Percussion Quartet member Justin DeHart (who will do a tabla solo).Īlso in store is a duet by drummer Jake Najor (whose credits include Jason Mraz, Joss Stone and Breakestra) and ex-Stevie Wonder percussionist Steve Haney. Four of Sunday’s drummers - Bob Weller, Kevin Koch, Tim McMahon and Russell Bizzett - also played at last year’s summit, as did return performers bassist Rob Thorsen and young piano phenom Joshua White. Moore has once again assembled a lineup representing a broad array of styles and approaches. Both summits are the brainchild of SoCal Drum Society co-founder Duncan Moore, whose credits include work with numerous jazz luminaries, along with Kenny Loggins and rock guitar hero Eric Johnson. For his summit performance Sunday, he’ll play Javier Alvarez’s “Temazcal” (a piece for maracas and pre-recorded electroacoustic sounds) and Christos Hatzis’ “Fertility Rites” (a piece that mixes Szanto’s live, five-octave marimba playing with a recording of multi-octave Inuit throat singers).Įleven other top area drummers and percussionists will perform at Sunday’s sequel concert. Szanto, who was also featured at last year’s first San Diego Drum Summit, is a former member of San Diego’s now sadly dormant Harry Partch Ensemble. Cameron thinks so highly of him that he had Szanto take over on drums for a song when Pearl Jam performed here at SDSU’s Viejas Arena in late 2009. In 1979, the then-teen-aged Cameron began studying with Szanto, a percussionist with the San Diego Symphony since 1976. But I’d bet good money that - were he in town - Chula Vista native Cameron would happily attend simply to hear Jon Szanto perform. It’s unlikely Pearl Jam drummer Matt Cameron, a longtime Seattle resident, will be in attendance for Sunday’s second annual San Diego Drum Summit at downtown’s all-ages Dizzy’s. Where: Dizzy’s, 200 Harbor Drive (in the San Diego Wine & Culinary Center), downtown
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