Reduce Public Fiat, to GET Public Fiat?

(Commentary posted by Roger Erickson)

Someone please point out the logic. I'm not seeing it. Maybe Congressional logic is currently an oxymoron.

Hammer the disabled to pay for unemployment benefits

"It would take the pen of Jonathan Swift to fully describe Congress' willingness to beat up on the least fortunate members of society to protect the richest. The latest example is a plan to pay for a one-year extension of unemployment insurance by cutting Social Security benefits for the disabled."

Can you imagine a bird, flying at 1000 feet, saying to itself: "Look, I have to balance my fiat (the "public initiative" of all it's cells) ... so, we'll start by closing down the left wing. Let's see what happens if we fund only the right wing."

Yeah. I found a dead, healthy looking, young bird in my driveway yesterday. It looked to be VERY healthy. Seemed to have fallen out of the sky, or got careless, didn't steer well, and ran into something. It's still dead.

"Fiat Currency" as "Investment Haven" = A Semantic Oxymoron

commentary by Roger Erickson

Yen's haven status set to be tested

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?