Steve Erickson Quotes
Some distant day, anthropologists will consider as a landmark in humankind's evolution - comparable to the capacity for destroying ourselves by nuclear obliteration - the adolescent gene's newly emergent power to dictate nightly TV viewing.
Erickson, Steve. Essay on Television. Los Angeles Magazine, Emmis Communications, 2013.
An economic bubble occurs when the investing public with little logic and facts to support it actions exhibits great enthusiasm and overvalues some kind of asset with the logic that the price is going up and someone later will pay more than I just did—sometimes called the “greater fool theory”. Historically Fama claims that there were no bubbles until there were media to whip up the irrational enthusiasm necessary for a bubble to take place. Capitalist history is full of bubbles ranging from real estate, to tulips; from silver to dot com shares. The damage is always great to the people at the end who are stuck with the object of the bubble which few people want any more. In the period before the bubble, lots of people make money contributing to the demand for the object of the bubble.
Nixon shortly thereafter hired Ailes to run his television campaign operations. At the time, there was still much debate as to whether television had any serious place in political campaigning. Ailes was not only ahead of his time conceptually, but developed many of the basic techniques that politicians used with television for years thereafter.
Stephen Michael Erickson is an American novelist. The recipient of the American Academy of Arts and Letters Award in Literature and a fellowship from the John Simon Guggenheim Foundation, he is the only Southern California novelist to win the Lannan Lifetime Achievement Award.
