John R. Hays House | |
 Front (north) elevation and west profile, 2007 | |
   | |
| Location | 45 Maple St, Walden, New York |
|---|---|
| Coordinates | 41°33′35″N 74°11′21″W / 41.55972°N 74.18917°W |
| Built | 1874[1] |
| Architectural style | Second Empire |
| NRHP reference No. | 02000880 |
| Added to NRHP | August 22, 2002[2] |
The John R. Hays House is located on Maple Street in Walden, New York. Hayes, a prominent local businessman of the late 19th century and officer in the 124th New York Volunteer Infantry Regiment during the Civil War, built it in a Second Empire style.
It has been largely unaltered since its original construction. In 2002 it was listed on the National Register of Historic Places (NRHP).
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Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
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Marcus Aurelius - Meditations - (My Narration)
Transcription
>> HOTEL CLERK: Lord Keynes! Welcome, sir. It's a pleasure. >>KEYNES: The pleasure's all mine. >>CLERK: Your agenda-- >>KEYNES: That won't be necessary. I am the agenda. >>CLERK: [laughs] >>KEYNES: Tell them I've arrived-- >>HAYEK: And then tell them I've arrived. >>CLERK: And, your name is? >>HAYEK: Hayek. F.A. Hayek. With an "H". >>KEYNES: Freddy. (yeah) Keynes. Hey, listen, party at the Fed. >>HAYEK: Already? >>KEYNES: Twenty minutes. Lobby. John Maynard Keynes. F.A. Hayek. >>KEYNES: Yeah, we're opposed >>HAYEK: We oppose each other philosophically >>KEYNES: In the same studio We've been going back and forth for a century >>KEYNES: I want to steer markets >>HAYEK: I want them set free There's a boom and bust cycle, and good reason to fear it >>HAYEK: Blame low interest rates >>KEYNES: No... it's the animal spirits John Maynard Keynes wrote the book on modern macro The man you need when the economy's off track Depression, recession, Now your question's in session Have a seat and I'll school you in one simple lesson Boom! 1929: the big crash, We didn't bounce back, economy's in the trash Persistent unemployment, the result of sticky wages, Waiting for recovery? (Seriously?) That's outrageous I had a real plan any fool can understand, The advice real simple: boost aggregate demand! C, I, G, altogether gets to Y, Keep that total growing, watch the economy fly We've been going back and forth for a century >>KEYNES: I want to steer markets >>HAYEK: I want them set free There's a boom and bust cycle, and good reason to fear it. >>HAYEK: Blame low interest rates >>KEYNES: No... it's the animal spirits You see it's all about spending, Hear the register cha-ching Circular flow, The dough is everything So if that flow is getting low, It doesn't matter the reason We need more government spending, Now it's stimulus season So forget about saving, Get it straight out of your head Like I said, "In the long run, we're all dead" Savings is destruction, that's the paradox of thrift, Don't keep money in your pocket or that growth will never lift, because Business is driven by the animal spirits, The bull and the bear and there's reasons to fear It's effects on capital investment, income, and growth That's why the state should fill the gap, with stimulus both The monetary and the fiscal, they're equally correct Public works, digging ditches, war has the same effect Even a broken window helps the glass man have some wealth The multiplier driving higher the economy’s health And if the Central Bank’s interest rate policy tanks A liquidity trap, that new money’s stuck in the banks! Deficits could be the cure, you been looking for Let the spending soar, now that you know the score My General Theory’s made quite an impression [a revolution] I transformed the econ profession You know me, modesty, still I’m taking a bow Say it loud, say it proud, we’re all Keynesians now We’ve been goin’ back and forth for a century >>KEYNES: I want to steer markets, >>HAYEK: I want them set free There’s a boom and bust cycle and good reason to fear it >>KEYNES: I made my case, Freddie H Listen up , Can you hear it? >>HAYEK: I’ll begin in broad strokes, just like my friend Keynes His theory conceals the mechanics of change That simple equation, too much aggregation Ignores human action and motivation And yet it continues as a justification For bailouts and payoffs by pols with machinations You provide them with cover to sell us a free lunch Then all that we’re left with is debt, and a bunch If you’re living high on that cheap credit hog Don’t look for cure from the hair of the dog Real savings come first if you want to invest The market coordinates time with interest Your focus on spending is pushing on thread In the long run, my friend, it’s your theory that’s dead So sorry there, buddy, if that sounds like invective Prepare to get schooled in my Austrian perspective We’ve been going back and forth for a century >>KEYNES: I want to steer markets, >>HAYEK: I want them set free There’s a boom and bust cycle and good reason to fear it >>HAYEK: Blame low interest rates. >>KEYNES: No… it’s the animal spirits The place you should study isn’t the bust It’s the boom that should make you feel leery, that’s the thrust Of my theory, the capital structure is key. Malinvestments wreck the economy The boom gets started with an expansion of credit The Fed sets rates low, are you starting to get it? That new money is confused for real loanable funds But it’s just inflation that’s driving the ones Who invest in new projects like housing construction The boom plants the seeds for its future destruction The savings aren’t real, consumption’s up too And the grasping for resources reveals there’s too few So the boom turns to bust as the interest rates rise With the costs of production, price signals were lies The boom was a binge that’s a matter of fact Now its devalued capital that makes up the slack. Whether it’s the late twenties or two thousand and five Booming bad investments, seems like they’d thrive You must save to invest, don’t use the printing press Or a bust will surely follow, an economy depressed Your so-called “stimulus” will make things even worse It’s just more of the same, more incentives perversed And that credit crunch ain’t a liquidity trap Just a broke banking system, I’m done, that’s a wrap. We’ve been goin’ back and forth for a century >>KEYNES: I want to steer markets, >>HAYEK: I want them set free There’s a boom and bust cycle and good reason to fear it >>HAYEK: Blame low interest rates. >>KEYNES: No it’s the animal spirits
Description
It is a two-by-two-bay two-story building on a rubblestone foundation mostly exposed in front by the downward slope of the property. Clapboard siding gives way to a decorated frieze and bracketed cornice at the roofline. The mansard roof is shingled in modern asphalt that resembles the slate that was originally used.[1]
A single round-arched dormer window on the east of the roof is complemented by a gabled dormer with double window next to that itself tops two stories of oriel windows. Next to it, the main entrance is framed by a porch which wraps around the eastern side of the house. It is fronted with a balustrade of scroll sawn panels, and a set of stairs drops to the ground in front of the double-doored entrance.[1]
Other than the porch, the east facade is much less decorative than the front, with a single window in each bay on both stories. There is another pair of stairs on this side. The west elevation has just the windows. The south is where the slightly offset single-story rear wing is connected.[1]
The interior follows a side hall plan. The staircase from the entry hall has a turned newel and balusters with a detailed handrail. A four-paneled wooden door leads into the front parlor, where a round-arched entryway opens into the oriel window. Many other rooms in the house are still decorated and finished as they originally were.[1]
A small barn in the rear of the property has since been converted into its garage, but retains most of its original finishings. It is considered a contributing resource to the NRHP listing.[1]
History
Hays, who was born in Walden in 1840, served in the 124th New York Volunteer Infantry Regiment, a locally raised unit known as the "Orange Blossoms", during the Civil War. He saw action in many important battles of the conflict, including Chancellorsville, Fredericksburg and Gettysburg. After being wounded, he was honorably discharged as a lieutenant and returned home.[1]
There, he served as the local agent for the Wallkill Valley Railroad, which ran through the eastern section of the village. He built the house in 1874, two years before moving on to other businesses, including service as the vice president of several local banks. He was active in veterans' affairs, including raising money for the monument to the Orange Blossoms in the center of the village, a short walk from the house.[1]
In 1900 the rear wing was added to the house, the only substantial revision to its original design. Twelve years later, when Hays died, the village mourned the loss of "one of its foundation stones" during a period in which it had prospered and greatly expanded.[1]
References
- ^ a b c d e f g h i Bonafide, John (February 2001). "National Register of Historic Places nomination, John R. Hays House". New York State Office of Parks, Recreation and Historic Preservation. Retrieved February 4, 2009.
- ^ "National Register Information System". National Register of Historic Places. National Park Service. March 13, 2009.
This page was last edited on 16 January 2023, at 20:41