• Time-Wasting: Good vs. Bad

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    I am now experiencing in one isolated aspect of my life’s work, you may already
    have experienced or should experience. I hope you can learn from my mistakes.
    I also hope you can find a way to overcome your comparable mistakes inexpensively.
    As you read this, you may think, "That sounds a lot like my experience with
    . . . ." You may even encounter a "shock of recognition" —
    a phrase that usually refers to a moment of self-awareness in which a person recognizes
    the reality of what he has become or was.

    had one of those shocks this week. It was the result of my first evening spent
    enduring a long, miserable task that I had better accomplish: the cleaning out
    of my files of clippings.

    began to clip magazines and newspapers in the mid-1960s. This escalated a decade
    later, and became (I now see) maniacal from about 1980 to 1996. Today, I have
    a dozen 4-drawer legal files filled with clippings. The categories are in the

    mania ended with the advent of the Web. I stopped subscribing to magazines and
    newspapers. (I still subscribe to financial newsletters.) Yet I did not save to
    disk most of the files that I have read on-line. I do save a few documents this
    way, now that there is a free disk-search-and-retrieve program that I like: Copernic’s.

    saving Web-based pages is not a mania for me. That’s because I can find more material
    than I have time to read on almost any topic simply by using Google.

    am in the process of moving. I want to get rid of half my filing cabinets. This
    means getting rid of at least half my files. Whether I will attain this goal is
    problematical. It took me two hours to go through the equivalent of one file drawer.
    That means 47 to go. It may be wiser to just put up with the files. Or maybe I
    should just toss out all of the files. That’s what my father-in-law did two decades
    ago, after 40 years of clipping stuff. At the time, I thought he had made a big
    mistake. I no longer do.


    life is filled with wasted time. Every job is also filled with wasted time. We
    spend much of our lives collecting, learning, cataloguing, and generally burying
    ourselves in information that later turns out to be trivia.

    took me two hours just to skim through two boxes of clippings. I tossed out a
    pile of papers about 11 inches high. Most of these were yellowed newspaper clippings.
    I took one look and tossed most of them. Yet to file each one, I had to clip it,
    paste the columns on a sheet of paper, label the paper, and file it. That took
    time. I hate to think about how much time it took.

    the bad old days, I had only one category per document. Yet most documents should
    have been identified by several key words. A clipping on OPEC could have been
    filed under "Energy: Oil," "foreign policy," or "cartels."
    A clipping on Henry Kissinger could have been filed under "Kissinger,"
    "foreign policy, "conspiracy," "war," or "myopic
    weasel." I had to make a choice. Then I had to remember that choice.

    the whole, I have been able to retrieve old articles reliably, if I could recall
    the article. But, after 1996, I found that I rarely went to my old files.

    I have forgotten many categories and most clippings: thousands
    and thousands of clippings.

    did not know that the Web would arrive. I did not know that the way we access
    new knowledge and details of fading memories would change more than it changed
    since the invention of the printing press.

    knew by 1982 that scanning software would someday allow me to file my clippings
    on a hard disk. I knew that data-retrieval software would eventually enable me
    to retrieve whatever I had filed. I did not think it would take over a decade
    to produce workable but inefficient products that would do this. PageKeeper was
    one of them. It did not catch on. Nothing really works well yet. If it did, Microsoft
    would either buy it or imitate it.

    I kept clipping. I kept buying filing cabinets.

    I will toss out most of what I filed. As I read file after file, I thought, "Why
    did I bother to clip this?" There were exceptions. I am keeping about half,
    but most of these are longer articles clipped from magazines. The newspaper clippings
    are mostly too narrow or too obscure or long since superseded.

    I write this, I recall my advice to a friend who also suffered with clipping mania.
    He told me in the mid-1980s that he was facing a major problem: a mild heart attack.
    His physician told him to slow down. Yet he was still compulsively clipping. I
    told him to let every newspaper pile up for a week.

    he start reading them. I predicted that most of what he would have clipped
    a week before would have become outdated. He did what I said. He reported back
    within a month that he was clipping far fewer articles. But I did not take my
    own advice for a decade. The Web forced my hand, not a heart attack.


    my files have convinced me that all that time was not wasted. The discipline of
    reading, clipping, and cataloguing articles did provide me with an overall sense
    of what was going on. Now that I see them, I remember some of it. I can see in
    one quick survey what developed. A few of the clippings are still worth keeping.

    ago, Linus Pauling told his assistant Art Robinson that there is value in reading
    widely and trying to remember seemingly unrelated facts. Pauling said that the
    mind will sometimes come up with links to memories that will prove useful.

    was correct. We don’t know how our minds make these connections. They just pop
    up. We recall a related incident, the way I just recalled my friend with the heart

    say, "garbage in, garbage out." But we don’t know today what will turn
    out to be garbage later. We know that most of it will be, but we cannot accurately
    predict what. So, we fill our minds with useless stuff. Then we forget most of

    what files are for. In the old days, when I decided to write on some topic, I
    would skim through a file to see what I had clipped. But if the file was really
    fat, or if there were several fat files on the same topic, I would rarely do this.
    It was too much work. I would rely on my memory to pop up some recollection. Then
    I would go to a file and go through it in search of the document.

    we only knew what the future will bring… we could avoid so much garbage.


    keeps advancing. As it does, it makes earlier technologies that were once on the
    cutting edge of progress turn obsolete. It also makes hash of our plans and our

    entire career has been tied to books. But the format of books is changing: from
    paper-based to digit-based. There will come a day when I will have a lightweight,
    book-sized reader with a screen as easy to read as a 1200 dots per inch piece
    of paper. It will enable me to highlight a passage, file it electronically, attach
    key words to it, and subsequently identify what book and page it came from. Its
    non-availability today is a matter of price, not technology. When such a product
    is offered for sale below $500, and when a common format makes digital books legally
    available for reading, my research will change: no more yellow highlighters, no
    more photocopies, no more filing cabinets, and no more dependence on my fading

    I can walk into a university library and go on-line. Only rarely do libraries
    require student passwords. I can access any scholarly journal that the library
    subscribes to. I can find an article and e-mail it to myself. I can then file
    it on my own computer.

    can access Lexis/Nexis, which is a database of newspaper and magazine articles.
    If I can’t gain access (and I probably can), I can pay a student $6 an hour to
    research any topic. Or I just find a cooperating student who lets me use his/her
    password. If I want to write a book in three weeks, the way I wrote The
    War on Mel Gibson
    , I can do it, cheap.

    own a library. It is housed in a 3,000 square foot facility. It has 100 bookcases,
    seven shelves per case. I am now about to give away 80% of it. The Web has changed
    the way I work. I have not decided on which institution should get it.

    the far wall is a boxed collection of microcards. On these cards are readable
    imprints of everything published in the United States from 1639 to 1811: books,
    pamphlets, sermons, newspapers. It is called "Early American Imprints."

    used this set in my university’s library, 1969—71 to write my Ph.D. dissertation,
    "The Concept of Property in Puritan New England, 1630—1720." In
    those days, only a few graduate research libraries had this set.

    the late 1980s, microfiche replaced microcards as the preferred technology. Microfiche
    can be used to produce printed pages. Microcards cannot. The company that produced
    the cards was about to use them as landfill. A man found out and went to the managers.
    He offered to buy them. He agreed to sell them to individuals and organizations
    that would not buy the new microfiche version. The outfit agreed. My non-profit
    research organization bought the main set for $5,000, and I paid even more for
    the newspapers.

    was a mistake. I never got back to the Puritans. Now, microfiche technology is
    obsolete. The first set of materials is available to libraries on-line. The material
    is searchable. How, I don’t know. The images are poor and the type face is ancient.
    The letter "s" looks like an "f," except at the end of a word,
    when it looks like an "s." The newspapers are not yet digitized.

    offered to give away the collection to a college library. The librarian politely
    refused. He is even dumping hard copies of scholarly journals, as are most librarians.
    Microcards are dinosaurs.

    I will probably go on eBay and offer the collection to home schoolers or Christian
    day schools. What cost $18,000 in 1988 will get a couple of thousand, maybe. But
    in 1965, the same collection cost probably $50,000, worth six times as much today.

    giveth and technology taketh away.


    is the art of forecasting the price of things, and then buying items today that
    will be worth more later, and selling items today that will be worth less.

    pay in time for things that will appreciate or depreciate. Money is replaceable.
    Time isn’t. When we waste time, it usually costs us more in the long run than
    when we waste money.

    allocation of time is the most difficult of our responsibilities. I regret having
    bought those microcards. I did not put them to good use. But I regret far more
    the investment of time in assembling all those clippings. I see them piling up,
    and I wonder, "What was I thinking?"

    there are a few items that I am glad I saved. I think they will prove useful someday
    in my writing. But who knows?

    I should toss out all of the files. It would save about 150 hours of work. But
    to do that would be to acknowledge that my future will be very different from
    my past. Nobody likes to make that kind of complete break with the past.

    the movie, About
    , there is a scene where Jack Nicholson returns to his former place
    of employment, an insurance company. He spent his career in the accounting department.
    As he passes by the building, he sees his files in the basement, ready for the
    dumpster. In these boxes rest the visible results of his life’s work. They were
    important to him at the time, but they are about to be tossed away.

    about Schmidt? Was he the equivalent of those files?

    script writer did a good job with that scene. He did not have to have Nicholson
    verbally ponder his own worth. It was crucial to the movie that he not do this.
    The character was not about to admit to himself or others that his life in retrospect
    seems to have been, if not wasted, then not significant. But for most people,
    the illusion of their cultural significance doesn’t last long. There is nothing
    like attending a funeral to remind us of this. But tossing out files comes close.


    I had something close to mindless to do, I watched the TV show on the 100 most
    famous lines in movies. There was no doubt in my mind which line would be number
    one, any more than I had a doubt regarding its predecessor on the most famous
    song. The song had to be "Over the Rainbow," and it was. The line had
    to be "Frankly, my dear . . . ." The only reason for watching that sort
    of show is to find out the also-rans.

    and away, the most important line in the history of the movies was written by
    William Goldman. Several of Goldman’s lines made the top 100, but not his most
    important one. That line was put into the mouth of Deep Throat in All
    the President’s Men
    ." It has become legendary: "Follow the Money."
    It does not appear in the book. So, Goldman’s greatest line gets no respect. Hardly
    anyone knows that he wrote it.

    actors may imagine that they will exert influence. A few of them may, if they
    get the right parts. But they do not speak their own lines, and hardly anyone
    recalls the names of the script writers of any specific line, unless it’s a re-make
    of a play by Shakespeare.

    imagine that they will be remembered, but here is the grim reality. First, hardly
    anyone reads old novels, except when they are assigned in an English class. Second,
    nobody reads old non-fiction books, except when they are assigned in a history
    class. The Great Books make Great Shelves, but hardly anyone ever takes one of
    them down from the shelf to read it in order to gain greater wisdom.

    sat down and listed books over a century old that have influenced my thinking
    directly, as distinguished from the influence of some contemporary who said the
    book is important. The list is incredibly short. De Tocqueville’s Democracy
    in America
    is one, but I only finished both volumes a couple of years
    ago. I had read in it in grad school. His Old
    Regime and the French Revolution
    influenced me: one main idea. Burke’s
    on the Revolution in France
    (1790) is on my list. Bastiat’s The
    (1850) influenced me, but it is really a long essay.

    information in old books gets superseded very fast. If a successor does not pick
    it up and run with it, or if he has no successor, a book will die. Virtually all
    old books have died. They are read, not for wisdom, but to find out what some
    author said and what influence he had, way back when.

    authors may enjoy the illusion of having produced a stand-alone masterpiece, but
    it’s still an illusion. Great artists have a shot at this. Nobody else does. But
    there are few great artists around today, as far as we can see.


    are all in the same boat. Our lives are filled with what appears to be waste.
    Yet the waste seems necessary for whatever productivity we add. We cannot eliminate
    waste. At best, we can minimize it.

    and time-management are techniques that help us reduce waste. But no matter what
    we do, most of what we do seems to subtract from the legacy we leave behind.

    this is true, then we might as well accept waste. Somehow, it is an inescapable
    part of our lives. Waste contributes to our production. So, it’s not really all
    waste. It’s just whatever is unaccounted for in our overall production process.

    budget waste into my life. I recognize that some of my time will be spent on what
    appears to be unproductive details. We can increase our output by acknowledging
    the reality of waste and dealing with it. It’s like cholesterol. There is good
    waste and bad waste.

    I have budgeted in an hour a day for tossing out clippings. But I have decided
    that it’s not for saving file cabinet space. It’s for coming across an occasional
    gem, and hoping that my fading memory will retain it.

    know the story: the hope for a pony in the pile of waste.

    suggest that you pick a project like this and complete it. If nothing else, it’s
    a good reminder of how few ponies there are in life. We should learn to appreciate

    25, 2005

    North [send him mail] is the author of Mises
    on Money
    . Visit http://www.freebooks.com.
    He is also the author of a free multi-volume series, An
    Economic Commentary on the Bible

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