So lately I've been doing a lot of reading about our monetary system, and specifically, criticism of fractional reserve banking and comparisons between fiat money and the gold standard. I'm certainly not a gold bug, I think that the transition back to the gold standard would cause so much harm that even if all of its supposed advantages were true it still would be a bad idea. But it's pretty fascinating to gather information on the subject, and some of their critiques have made me reconsider some of my positions.
All of this focus on fractional reserve got me thinking as I was watching the end of the Angels-Red Sox game. Jonathan Papelbon came into the game and the two commentators were going on and on about how Papelbon has never given up an earned run in his postseason career. And that's true- under baseball's rulebook, Jonathan Papelbon, up until that game, had never given up a postseason run. But without discounting Papelbon's dominance, that has just as much to do with one of baseball's archaic rulebook. The rules stats that once a runner reaches base he is the responsibility of the pitcher he reached against, regardless of whether or not another pitcher is the one that allows him to score. And I find that grossly unfair.
If a pitcher allows a leadoff single and gets lifted for a relief pitcher and the relief pitcher allows a home run, why should the first pitcher bear the full weight of the runner on first. He didn't allow him to score, he allowed him to get a single, the relief pitcher allowed him to get the other three bases. Many people have commented on this before, but why not have a fractional run system, with each base counting 1/4 of a run. Under a fractional run scenario, the first pitcher would get charged 1/4 of a run for allowing the first hitter to get a single and the relief pitcher would be charged 1 3/4 runs for allowing the base runner to advance three additional bases and for the four bases he gave up to the batter. It makes so much sense, sharing the responsibility between pitchers, and it's not like the math is hard or anything. All it does is make starting pitchers look worse and relief pitchers look better. But alas, in the end, Papelbon finally gave up a postseason run and the Red Sox will be watching the rest of the playoffs like me (only with nicer tv's I suppose).
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