Thelonious Monk, special advisor to Greece

"Last Place Aversion" is a sociological condition in which the next-to-bottom will give to the next-to-the top inside of the bottom in order to avoid being on the bottom themselves.

Translation: people nearly always give money to the less well-off person, except for the second-to-last ranking people who give money to the better-off person with considerable frequency.

Further translation: people who make just above the minimum wage are surprisingly not in favor of raising it.

Thelonious Monk, the late jazz master, gave this advice to a drummer who'd just joined his group: "just swing and make everybody move to certain places and the rest will take care of itself. You already know how to play. Now play wrong and make that right."

Brooks RoddanComment