From the beginning of human time, all peoples have known that there is a battle going on, and they have talked about this in the only way they could, which is to say, mythologically. They have known that the forces of chaos threaten to subvert the forces of order, and that chaos must be resisted. Indeed, it is from this understanding of order versus chaos that we understand what morality is; for the forces of order are good, and the forces of chaos are evil and must be resisted.
Of course, one of the considerable powers of evil is its ability mimic good; one favorite old-fashioned word for this is “hypocrisy,” and nowadays it might be “virtue signaling.” The point is, whereas the myths make clear the distinction between order and chaos, good and evil, we find in our everyday lives that sometimes it is more difficult to distinguish between them. That said, relativism (Who says what’s good and what’s bad? It all depends on your viewpoint!) is simply confusion or stupidity or, in both cases, chaos writ large.
Before considering one specific and famous myth, we must, however, correct the idea that we are suggesting that all disorder is bad. In fact, we cannot make progress without some disruptive forces. Zeus certainly stood for order and the cosmos, as did his three most shining children: Athena, Apollo, and Hermes. We recall, too, that Dionysus was the son of Zeus, and along with Dionysus were a host of other godlike beings, Pan and Silenus for example, devoted to disruption and orgiastic rites. But this (and their) disruption was entirely within the rules of Zeus’s cosmological game.
This kind of disruption is quite different from the Titans, the Giants, and Typhon who threatened to overturn the universe itself and return everything to a state of dog-eat-dog and cannibalism, for Cronus ate his own children.
King Midas’s Folly
King Midas recognizes the prisoner brought before him as Silenus, the rather ugly and dissipated god who was the stepfather of Dionysus. Midas sees an opportunity here: Not only does he release him, but he also honors him by feasting and drinking in his honor for 10 days and nights! When Dionysus learns of this, he is extremely grateful and offers Midas an incredible gift, namely, anything he would like to have. This open-ended offer is immediately abused by Midas, who thus reveals his hubris. Without hesitation he replies, “Pray grant that all I touch be turned into gold.”And we all know what happens now: Everything he touches does indeed become gold—everything. The myth, at this point, should perhaps remind us of the last myth I covered here, the myth of Medusa. In her case, her look turned living and organic matter to stone, literally petrifying it. Now we have the touch turning everything to gold.
The folly of hubris in the case of Midas is that his request is out of all proportion to the benefit he had delivered to Dionysus. It’s as if (if we think about it) one had given somebody else’s child a helpful lift home from school, and the grateful parent said, “Thank you so much, what can I do for you?” and the person replied, “Buy me a 14-bedroom country mansion.”
In a way, by being so generous to Silenus, Midas had set out to trick Dionysus into a generosity that he would exploit. But tricking a god is tricky, if not downright dangerous.
There is, then, hubris in the request itself, which is out of all proportion to the actions of Midas in the first place and so incurs the censure of violating Apollo’s maxim of the golden mean, or “not too much.” It is also hubristic in its essential nature, since like Medusa’s turning all to stone, we now have a being who can turn all things to gold.
Fortunately, perhaps because Midas is a true devotee of Dionysus (he fares much worse later when he crosses the god Apollo and is given ass’s ears for his pains), and because Dionysus himself is a disrupter, this hubris is only lightly punished. When Midas discovers he can no longer eat or drink because everything he touches turns to gold, he pleads with Dionysus to remove the “gift,” which Dionysus does. Midas must go and wash in the river Pactolus, and there he is freed from the curse.
What Happens When We Give Away Money?
Bill Bonner observed: “Try an experiment at home. Tell your teenager he will get $5,000 a month for the rest of his life, and a life time supply of marijuana. See how that stimulates him. Think he’ll study harder, work harder?” The idea of having money for nothing, and something for nothing, and riches without any real effort on our part, are what is now endemic to our thought patterns—though one could hardly call it thinking.A sensible question might be: Where is all this money coming from? And the technical answer might be: the Feds, or the Bank of England, or the governments, etc. (Of course, more technical still, the answer might be the public, through taxation!)
It seems as if we are in a world where banks and governments can simply turn on the Midas Touch at will and make gold. Money has not been earned in any meaningful way.
Economists, of course, give contradictory advice about this situation. Some say we did it in the financial crisis in 2008, and that saved the day and all turned out nice again; others argue that the circumstances in 2008 were fundamentally different from the circumstances today. For example, in 2008 the banks were undercapitalized and so could absorb all the free money, which is not the case today, and so this is going to lead to a dreadful level of inflation that we have not experienced since at least the 1970s. Who’s right?
Expecting Something for Nothing
When we understand the myth, we see what it is telling us: Expecting something for nothing leads to disaster. It is hubris against the Greek gods and the structure of the cosmos; similar ideas occur in various religions and mythologies throughout the world, including the Chinese “Tao Te Ching.” So it is that Midas, with all the money in the world—all that gold—potentially ends up starving or dying of thirst.The creation of gold via magic leads to death. Imagine that! Here we are trying to save lives from COVID-19, and yet we are—through our intervention—creating a situation that may potentially destroy many more lives than we are saving!
But Midas doesn’t die. In this case, the god lets him off. But like Jesus telling the blind man to go and wash himself in the pool (John 9:7), Midas, who is also in a sense blind, too must wash himself. He must undergo a kind of baptism, a dying to the old life, a healing, and a being born anew. Can we do that?
Can we turn from the avarice, the free money, and embrace a new way of living? Midas did. But then sadly, he went back to his old ways. It didn’t end well for him, not well at all.