Main Street, we have a problem. There's a bigger test going on simultaneously, our ability to THINK, coherently, as a group.
Operationally, there's no Public Purpose in trying to make any fiat currency into a long term haven for investors. That's a misuse of fiat currency, which was invented precisely to achieve scalable, agile national policy via unlimited short-term liquidity. When complexity of scale demands additional innovation, the solution always involves further separating previously muddled concepts, e.g., liquidity and store of value. This ain't rocket science, but try explaining that to people who conflate science and surgery.
Seems there is overwhelming confusion among hundreds of millions of people ... over this operationally simple point. "Fiat currency" as "investment haven" defines a semantic oxymoron.
Monetary policy = trying to maintain a short term liquidity tool as a long term store of value? That's the dadgum problem right there.
People think that hoarding depreciating, static assets is au courant, and hoarding compounding, dynamic value is the past? If so, we're toast, unless we start thinking outside the toaster!
Distributed problems of perception - aka, lagging Situational Awareness - can easily cause group Adaptive Rate to sink below survival tolerance limits. Anyone wonder if we are, as a non-thinking nation, already there, and just not aware of it?
Operationally, there's no Public Purpose in trying to make any fiat currency into a long term haven for investors. That's a misuse of fiat currency, which was invented precisely to achieve scalable, agile national policy via unlimited short-term liquidity. When complexity of scale demands additional innovation, the solution always involves further separating previously muddled concepts, e.g., liquidity and store of value. This ain't rocket science, but try explaining that to people who conflate science and surgery.
Seems there is overwhelming confusion among hundreds of millions of people ... over this operationally simple point. "Fiat currency" as "investment haven" defines a semantic oxymoron.
Monetary policy = trying to maintain a short term liquidity tool as a long term store of value? That's the dadgum problem right there.
People think that hoarding depreciating, static assets is au courant, and hoarding compounding, dynamic value is the past? If so, we're toast, unless we start thinking outside the toaster!
Distributed problems of perception - aka, lagging Situational Awareness - can easily cause group Adaptive Rate to sink below survival tolerance limits. Anyone wonder if we are, as a non-thinking nation, already there, and just not aware of it?
