Sep 1970 - On-Line Newspaper Archives of Ocean City

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PAGE 12 — SICTION ONE
SCHOOLS for CHHDKEN
9th Si and Atlantic Ave. 399-1817
• BALLET
• BATON
• ACROBATICS
• TAPS
RIGiSTifi FOR NIW CLAS&fS NOW
Make your RESERVATIONS NOW in
THE SURF ROOM
* PRIVATF PARTIFS (l'P t.. 7=,)
* ORGANIZATIONS * CI.L'BS
* PRIVATF. FNTRANCF t* BAR
BUFFET SERVICE AVAII XRLE
Open DaUy 'Til 2 A.M • Open Sundays from 12 Noon
Between Sips
by John
In recent weeks we discussed
the wines of Italy, dwelling
specially on sauternes and
j chiuitii. One of the most
: popular of all Italian wines
: (next to chiinti) is Orvieto
that comes from ihe province
of Umbria, bordering on the
Mediterranean, The white .
wines of Orvieto are both dry
(seceo) and semi-dry
(abboceato). Both have a fresh
fryitiness, with a bitter
undertone. They are light
straw-colored Since Italy has been called "The Vineyard of
the World" it would be impossible, to review all thr
delightful vintages that come from ner productive slopes
Lesser known wines include Moscaleilo, a fruity and cieuanl
wine that comes from the region of Lakp BoUcna thi.
nectar-like Moscato di Salerno of Apulia, the many Sicilian
wines including Final, Corvo and Marsala. As a gPni>rnl rule
the wjnes of northern Italy will be better than those from
the south. Many do not travel well, thus are not exported
to ourshores. Your next trip to Italy could be an sidvoruurf
in wine discovery
* * *
All that stands between the paduate and the
top of the ladder it the ladder »
• t •
STUFATINO ALIA ROMANA
(Beef Stew Roman Style)
2 lbs (tewing beef
1 sm onion sliced
1 clove garlic chopped
1 Tb butter
1 Tb olive oil
2 Tb diced bacon
Salt pepper oregano or marjoram
1 cup Italian Red Table Wine
1 Tb tomato paste
Cut bri-t in m eubfS Sauti onion and yirlit in liuttir
and nhvc oil Whfn slightly browned ddd himn md i,,,A
for 1 minute Put in piices of beef and hrnwn in both
sides Add ••alt and pepper guod pinth cil on [jinn ,,r
marjnram and wine Simmer until thi wim i riduLid hv
half stir in 1 tablespoon tomato paste and ldd hot w iti r tn
cover Cover pot and simmer strw very slufclv until bt i f i^
tender and SBUCH 16 n{ rich consistency Will tiki 2 or mon
hours depending on cut of hi i f
* * •
Sign in a gardenaipply shop: "Bird houses
for sale » for a song,"
• • •
QUICKIE QUIZ
Q. Are the longert igtd wines the best?
A,There is no necessary connection between
the age of wine ind its quality. Some wines
reach their peak of maturity within
monthi after fermentation and cannot be
further aged without losing quality. Other
wine* do not reach their maturity for two,
three, five years ... up to half a century or
more.
LEARN A WINE A WEEK
LACRIMA CHRISTI (pronounced Lflh-krpp-ma
' ^Tv'^f !' " r h " e ' vinta K c . "parkling wine from Italy. It
' J,f !f u W " h h ° n doeuvr «; "«h and light meats. Serve
chilled in champifne glias.
CIRCLE
LIQUOR STORE
MNBT AND MOST COMPLITI STOCK
IN ALL OF SOUTH JERHY
0n tfia CircU Semtn Poinf
W » MM to m ftUy IMIM^ IM •
ni.ti [IMFH Mr* Dorothea Miller
Hughes of 50 Station Road West looks
over the lull of sale to her 1949 Mercury
with dpaler Horfrirti Cates of Pottstown.
Pa Mrs Hughes' husband purchased the
•m C'tites on April 25 of that yi'ar,
then the car hriN iinen driven
pri'misi- that
v;i^t Fund (jf
• ii Then' arc
iiM|)firt;iiit ni'm.i uf InfUiiil
inform,»t ion wr do mil huvf.
ihiTi' lire iTHIP.il ri'lalliin.ihips
we du not understand, and
thiTP are putcnnalitirs for ihc
lulun- thai we ari' not iiwarc
of
Economists an 1 s|enpfally
well aware of the limitill Ions cif
I heir knowledge And they do
nut ordinarily cnnci'ul il from
ihc non conomi,«iK with whom
lhr> di'iil But thi'ir stiitt'ments
o! thi'ir tivvn ignnfanci, li-nd to
be apiiliiBcllc ronfessions,
w hi'reH.^ my rpcummrndatinn is
that th*-y .Houtfl h* 1 afzyrc-ssivc
he llUihlhlS
ii kneJW rerlai
t h i n y
;s tte
-• It
• Uc
jn-
pr-iibahly the. people best
nualififd tn
the
impiiea! in 1' J r company
aclion Hlld for ijovi'rnmi-nl
tiriliCy, of our own Iffnorancp
We should strlvr lo make our
lack uf kiinwlpriiji- a part of the
p ci si t i vi, c r,nl i-nl of
nVrision-miikinu, riilht-r than a
s.'id apoiotji'tk' footriuii' to it
This is what I mean by an
ii y M re s i vc, ;i SSM r I son rjf
IKlloriincc
I have- m past writings
(H'cjasioilally wiiturcd I he
uptnloii that rnurh ni ihi'
I'cciniimic Icm'caslinM thiit is
rloni- in I hi' ordinary wiiy is not
u-ii'li'ss hul hiirmful
L>ec i si si n iii;i k ing is an
i n i
in
business cipiTiiticins. hul
fon'Pastinti is not Any doosi .n
has in he. matli' in thi' light of
nleviinl fatts which arc
known, but ;i!.so in rccfjumtion
of what ii unknown and
perhaps unknowable Thi'
womi lhinu ihe economist can
do lor ih" decision-maker is to
iitj.scure the line lictween what
THI OCEANJHTY SiNTINIL-LEDQIR
through 48 states aiiH into Canada and
Mexit'o. The vehicle which has now
traveled 551,000 miles shines under its
original roat of paint and is "still
operating beautifully", Mrs. Hughes has
owned two other cm, a Ford Model T
pim'hased in 1915 andii Fnrd Model A
Uses of ignorance
i* known Hfifi what is
iir. k nnwn
This is nlmrisi cxaelly what
is Hour in tht' rusiomars
pj-'KM'Hun's (!f ffsrerastiny Th» !
tTonomisf. fully i\wsifi> of his
own hm ilation*. inrts obliged
simply ' lo do thf 1 bi'st he can"
in providing fnreeasls of
anything hi«» principals wanl
fiirnpiisti'ii
I idsu hi'licvf that .a more
aBBressivf iisiertion by
Hrfinomi.sf.s cif ignorance is
di'siraiili- in (he formulation of
national peonamic policies
The fine tuiiinij approach to
rnoiini.iry and fist-aj policy
would, of roursp, be fully
jusiifiiiri if nur knowledge of
the thanking economic
s i i u a 11 o n
C' Trip Iff v
c^planiit ions
in oil r
_»'"f always
But If ,,ur
'if ! he limita! ions
k flow ledge are
lipolcj ji'lic
nCgressivr wf 1
rather than
not likeh If)
lieler pcihcv makers from the
fine iunmjj approach
An aggressive aSRertion of
our mniiraiice, and an analytic
I' K p I 11 F a I i ij n of its
ronsCfjui-i t'l's. leads however to
a reieclion uf the tine-luning
approach altogether The
decision-making strategy which
takes full account of ignorance
leads in the dirocion of
maintaining a relatively steady
posture in fiscal and monetary
pojjcy
Naiiona! polity in regard to
Ihe balance of payments is a
prime example of huw an
aiilin'sMvi' assertion of
ilTnorancc can be of great help.
I speak feelingly on this subject
because my own fund cif
ignorance on it is so large.
Furthermore, I am proud cif
the fact that I came by my
ignorance the hard
way through long study which
revealed that most of what I
knew about the balance of
payment* wasn't so. An
agMressive assertion of
ignorance tin the "balance of
payments problem" (whatever
that may be) would have led to
better national policy decisions
in that area than we have in
fact had
One logical reaction of
economists to my emphasis on
ignorance may be to advocate
more and bigfjer programs of
research to fill ~jn the
knowledge gaps. I don't mean
to argue against this approach
but I do have reservations
about its fruilfulness. Much of
whnt we would like to know is,
I think, not only unknown in
practice but unknowable in
principle
CONEY'S
===r— INC
INC
34TH STREET
ON HOOSBVELI IIVD, OKI MiLE FBOK IBDOE
LIQUOR
STORE
IMPORTED 4 DOMESTIC
BY! . BOURBON . GUI
BUM AND
COLDBEER
orm
9 AM TO 10 PM
NO PACKAGE SALES
ON SUNDAY
BAR &
COCKTAIL
LOUHGI
OPEN S AM
DIAL 399-9851
The r.'HMin I say this is that
tiicrc seems to me to be an
inherent contradiction in the
belief that we ever can know
eerlain ihinfis For example, if
we ever b«ame able to predict
Ihe large and sudden changes in
Ihe inventory situation thai are
occasionally recorded, they
would cease to happen
Perhaps what is needed is
economics is an equivalent of
the Heisj.nberg principle of
uncertainty in physics. This
kind of precise definition of
what we can know and can't
know would, I believe, be a
most notable contribution to
our science and a most helpful
pjide to practitioners cif our
art
Ail this shouldn't be too
shocking and il may even be
Ifitp If economists really knew
what they are supposed (by
others and sometimes by
themselves) to know, there
would be a good ease for a
centrally planned economy We
can save society from that fate
by asserting our ignorance
aggressively.
BIBLE VERSE
"Who Kheddeih IDIK'N blood
by man nhall hiM binod In- shed:
for in ihe irni^r of C»od madp
HF man."
1, Who spoke these words')
2, To whom'
3. Where are they recorded'
4. Who is the author of the book
in which they appear 1 '
Answers To Bib'e Verse
1, Ckid,
2, Noah and his sons,
3, Genesis 9:8,
4, It is ascribed to Musi's but
only in a (jeneral way.
Legislation revamps
State's organization
New "jcriuy now has 17
cabinet level executive
departments , three le» limn
ihe coiisiitutional limit of 20
as well as WVITBI iiHdilions and
shifts in itivi