The Man Behind the Curtain

When you’re a kid, one of the earliest things you learn is to trust the adults in your world (parents, teachers, uncles, neighbors) and to respect authority.  You are taught about who you can ask for help from and who is in charge of what.  And for most kids growing up in loving families and decent communities, there is an order to things and this world makes sense.  You may not always like it – eat your vegetables, learn your multiplication tables – but the truth is, it’s nice to know that if you just do what you’re told, the grownups will make sure everything is okay.

Then you get a little bit older and you come to despise certain types of authority.  This is natural, primal even.  Adolescent animals in the wild must challenge their elders in order to mate, in order to learn to fight, and in order that they should learn the harsh lessons of picking the wrong fight.  It is this challenge of authority in the final formative years that equips the animal (or person) for its role as an adult in the real world.

When we become adults, we repeat the childhood process of learning about whom to trust and which are the people we have to listen to.  The boss must be obeyed and respected, our spouses know better than us sometimes, the community religious leader can be someone we can talk to, the industry regulator is someone we must heed in our daily work, the doctor knows what will make us feel better.

And atop the whole hierarchy of all the authority figures in our lives, real and imagined, there is the Man Behind the Curtain.

He is not quite the president (who is very much in front of the curtain), nor is he necessarily the head of the Federal Reserve or the Secretary of the Treasury.  Nor is he the Chairman of the Joint Chiefs of Staff, the Director of the CIA or the Secretary of Defense.  He is not quite a person, really “he” is just an amalgam of leadership types whose names and faces are totally unrecognizable to the average American.  But most of the time, we live our lives subconsciously believing – knowing – that this ephemeral Man Behind the Curtain is pulling the levers and hitting the buttons and watching the screens and making sure the things that need to be done get done.

We are learning our multiplication tables and doing our homework and paying our taxes and teaching our children to share and making minor improvements around the house because that’s what the Man Behind the Curtain wants us to do.

And then every once in awhile, something jolts us awake from this imagined existence under the benevolent guardianship of the Man Behind the Curtain.  The curtain is torn away and we are disabused of the notion that there is a worthy presence behind it.  What we see instead are Nixon’s henchmen breaking into hotel rooms and blow jobs being given in the Oval Office and Treasury officials rescuing their alma mater investment banks regardless of the cost because they can’t imagine a world existing without them.

Most of the time, The Man Behind the Curtain can successfully keep himself hidden, which is a good thing as it allows us to go on living the lives we want to live while the Really Big Decisions are happening elsewhere, in bunkers and situation rooms and Senate chambers.  But for every generation, there is that moment when The Man loses all of his mystique.  It is a point-of-no-return moment, a loss of innocence.

When we find out Santa Claus isn’t real, we are immediately consoled by the fact that we’re still going to get presents anyway – I don’t care if this XBox came on a sleigh or in the trunk of my mom’s Acura, as long as I get to kill bad guys and dunk on Kobe.  But when we find out that there is no Man Behind the Curtain, there are no gifts of consolation.  We are compensated for being on the other end of this shocking discovery with the gifts of cynicism, disillusionment, fear for our families and the weight of adulthood pressing down on our shoulders forevermore.

Ben Bernanke was once a child, picked on and taunted as he stared out the school bus window.  Tim Geithner’s teenage hands trembled as he dialed the phone to call that girl from homeroom and when her dad picked up he slammed the receiver down and put his head in a pillow out of embarrassment.  Austan Goolsbee remembers the day he realized he wasn’t very good at baseball, that afternoon when he was picked last for the last time and finally threw his glove deep into the back of his closet.  Barack stared at his giant ears in the mirror, turning his head side to side to find an angle at which they didn’t make him look goofy.  And he wondered about where his dad was.  John Boehner had to explain to his mom what all those Playboy magazines were doing under his bed and Harry Reid was ordered to march right back into that five-and-dime to give the candy bar back to the clerk and apologize for taking it.

There is no Man Behind the Curtain.  Only former children who, once upon a time, believed that another Man Behind the Curtain was taking care of the Really Big Decisions somewhere far, far away.

Our Man Behind the Curtain is no longer functioning properly.  He has gone mad and the curtain lies in tattered shreds around his ankles.  He is sweating profusely and debilitated by irreconcilable inner conflict.

Here’s one opinion on him, issued last night and about as widely-followed an opinion as there is in certain circles:

More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned…

There will be those who say this opinion means nothing and those who say that it means everything.  Some former children will rant and rave “How dare they downgrade us!” Other former children will tease us with “Ya see, I told you this would happen.”  Still others will be sulking in the corner, clutching their blankets in fear.

Our Man Behind the Curtain has been both revealed for what he is and now judged in front of all of us.  We’ve not been spared any of the humiliation or contradiction that the grownups normally shield us from, we’ve witnessed it all.

The older kids already understood the truth, the younger kids are first finding out for themselves.  The Man Behind the Curtain has been exposed once again.

It’s unsettling, even if you already knew.

 

This work is licensed under a Creative Commons Attribution 3.0 Unported License.

 

 

 

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Orgasm Cream commented on Sep 28

    Orgasm Cream

    […]we came across a cool web page that you might enjoy. Take a search should you want[…]

  2. small vibrator commented on Sep 28

    small vibrator

    […]Sites of interest we have a link to[…]

  3. دوربین های مدار بسته commented on Sep 28

    دوربین مدار بسته

    Greetings from Colorado! I’m bored to death at work so I decided to search your website on my iphone for the duration of lunch split. I actually like the information you provide here and cannot hold out to just take a search when I get property. I’m am…

  4. Wand Massager Review commented on Sep 29

    Wand Massager Review

    […]we came across a cool web site that you might enjoy. Take a search for those who want[…]

  5. خرید ، فروش دوربین مدار بسته commented on Sep 29

    فروش دوربین مدار بسته

    Appreciating the time and hard work you put into your blog and comprehensive information you offer you. It is fantastic to arrive throughout a blog each and every when in a even though that is not the same undesired rehashed info. Great go through! I’v…

  6. دوربین مدار بسته آنالوگ commented on Sep 29

    دوربین مدار بسته آنالوگ

    Right now it seems to be like Movable Variety is the prime blogging system out there correct now. (from what I’ve go through) Is that what you are utilizing on your weblog?

  7. دوربین مدار بسته بی سیم وایرلس commented on Sep 29

    دوربین مدار بسته بیسیم

    My developer is attempting to persuade me to transfer to .net from PHP. I have constantly disliked the thought simply because of the fees. But he’s tryiong none the less. I have been utilizing Movable-kind on a variety of internet sites for about a cal…

  8. queen of pcs commented on Sep 29

    queen of pcs

    […]check below, are some absolutely unrelated internet sites to ours, having said that, they are most trustworthy sources that we use[…]

  9. دوربین دنده عقب commented on Sep 29

    دوربین دنده عقب

    My developer is making an attempt to persuade me to move to .web from PHP. I have constantly disliked the notion because of the costs. But he’s tryiong none the less. I have been using Movable-variety on a number of web sites for about a calendar year…

  10. دوربین مدار بسته آنالوگ commented on Sep 30

    دوربین مداربسته آنالوگ

    Hey! I know this is fairly off subject matter but I was wondering which site system are you using for this web site? I’m receiving ill and fatigued of WordPress because I’ve had troubles with hackers and I’m hunting at alternate options for one more sy…

  11. دوربین مدار بسته هایک ویژن commented on Sep 30

    دوربین مدار بسته هایک ویژن

    Does your web site have a make contact with page? I’m getting a difficult time finding it but, I’d like to shoot you an e-mail. I have received some innovative suggestions for your blog you may possibly be interested in hearing. Possibly way, fantastic…

  12. فروش دوربین مدار بسته commented on Oct 01

    فروش دوربین های مدار بسته

    I totally love your site and discover a good deal of your post’s to be just I’m seeking for. Does a single provide guest writers to publish content accessible for you? I would not mind creating a submit or elaborating on a handful of of the subjects yo…

  13. استخدام نصاب دوربین مدار بسته commented on Oct 01

    استخدام شرکت دوربین مداربسته

    Superb blog! I identified it although browsing on Yahoo News. Do you have any ideas on how to get outlined in Yahoo Information? I have been striving for a even though but I by no means seem to get there! Thank you

  14. دوربین مدار بسته هایک ویژن commented on Oct 01

    دوربین مدار بسته هایک ویژن

    Greetings from Florida! I’m bored to dying at operate so I determined to examine out your web site on my apple iphone during lunch split. I take pleasure in the data you supply right here and can’t wait to just take a search when I get home. I’m amazed…

  15. adam and eve sex toys commented on Oct 03

    adam and eve sex toys

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless definitely worth taking a appear, whoa did a single find out about Mid East has got a lot more problerms too […]