Time is Money, But the Inverse is no Longer True
Some love for it, others kill for it. Some regularly sacrifice all of their dignity to acquire it while others claim to have no interest. Some go their whole lives satisfied to rarely think about the stuff, others covet it every waking minute. Most treat it as a means to an end and try not to get too caught up in it. For some money is good, the source of their freedom. For others money is evil, the cause of their servitude.
At the most fundamental level money is liquid optionality, giving you the ability to acquire anything you want from your fellow humans, should you have enough of it. It can be poured into any tiny crack or crevice, seeking the most obscure caprice and your fellow humans will be there lined up to sell it to you. Money is the ultimate motivator for most people and for good reason. Money is a way to store your time and labor, your precious sweat and blood, into something known. Something that can be quantified with certitude. Your time in this life is so precious I could not imagine storing the best of my efforts in anything other than the best of monies.
Money is a social contract with all our fellow humans, or at least with the vast majority who choose to participate. Hermits and Buddhists excluded. Monies can come and go, but they do so infrequently, assuming they are created and run on a sound basis. Money is incredibly simple but has been purposefully overcomplicated by the bureaucrats and elites who have seized absolute control of our money. They have broken the social contract and now they need the common people to remain ignorant of the workings of their money.
The common people provide demand for currency whether or not the elites are managing it well or inflating its supply stupendously. This demand for money by the masses benefits the producers of money. These bureaucrats have cloaked management of our money in a mystique which claims you need to be a PHD economist to understand it. They invent words, phrases, and formulas that willfully mislead. They attempt to hide the truth in dull word choice and lengthy reports that most people have no interest in reading. I say to these people: how can you have no interest in what they are doing to your money, your stored time?
A group of 12 federal reserve bank presidents has full control over the purchasing power of all your wealth stored in liquid currency along with the purchasing power of your salary. As your salary is likely fixed for a one-year period and then any raise you get is anchored to the previous year’s amount. Furthermore, if you are engaged in credit contracts the size and terms of those deals was dependent on certain assumptions in the past regarding the soundness of our money at the time the deal was struck. The fed casually alters the value of these contracts by manipulating interest rates, choosing winners and losers at will. If you fail to know what the 12 are doing with your money you are making critical decisions with incomplete information. You are sailing with a disfigured map.
I choose not to follow the fed’s actions, other than to vilify them of course. I do not wish to fed-watch, the birds are far prettier and more coherent orators. I don’t want monetary policy that is fluid and dynamic. I choose a fixed monetary policy because I do not wish to reevaluate every business contract I am engaged in 8 times per year when the 12 adjourn. I choose to make long term decisions. To not be forced to pivot my business on a quarterly basis, because interest rates have been coerced to follow a path the free market would never support. Trying to understand the whims of the board of governors on a month to month basis is not something I will do. I choose to disengage and draw back. To seek a new path. I choose to exit stage B.
