"True Wealth" is a phrase that I have been passionate about diving into over this past year from people of all walks of life...and I would say that your answer of time is an elegant definition. Thanks for sharing!
Huh. As authors on social media, I'd consider you and Bravo Six as people who "happen to be the bold entrepreneurial type with a society-enhancing idea"
Hey Bill, just to be clear Six Bravo wrote the essay, those these are not my words. I can’t speak for them, but i’d say writing does have an essence of entrepreneurial behaviour. I am not sure if it as profound as society enhancing though.
Nice piece. I'd love for Six Bravo to expand on this, if willing:
"... we believe the majority of Keynes’ caveats have come to pass enabled by the debasement of fiat currencies, aka inflation. Money that can be printed on a whim can pay for one war after another, can fund energy sources that put ideology over physics and can finance massive national deficits at the expense of future generations."
We think part of the reason society hasn't reached the levels of prosperity predicted by Keynes is because much of our national wealth has been wasted away by inefficiencies of government. If the citizenry was taxed outright to pay for war after war, or to pay for the trillions put into "green" energies and the subsidies that support them, or to pay for the trillions in entitlement programs, they might protest to paying so much to gain so little. But through the tax of monetary debasement, citizen's wealth is stolen insidiously, allowing governments to continuously overpromise in the short-term and underdeliver in the long-term.
It sounds like you're saying we would have been better off should the US government have stayed on the gold standard or if it hadn't been allowed to run a deficit. If so, do you have any examples of when or where this has worked?
Absolutely true
Thanks!
"True Wealth" is a phrase that I have been passionate about diving into over this past year from people of all walks of life...and I would say that your answer of time is an elegant definition. Thanks for sharing!
Pleasure!
Huh. As authors on social media, I'd consider you and Bravo Six as people who "happen to be the bold entrepreneurial type with a society-enhancing idea"
Bill, very kind words. Thank you. Although we doubt our work will change society much, we hope it benefits our families.
Hey Bill, just to be clear Six Bravo wrote the essay, those these are not my words. I can’t speak for them, but i’d say writing does have an essence of entrepreneurial behaviour. I am not sure if it as profound as society enhancing though.
But that’s just my opinion.
Nice piece. I'd love for Six Bravo to expand on this, if willing:
"... we believe the majority of Keynes’ caveats have come to pass enabled by the debasement of fiat currencies, aka inflation. Money that can be printed on a whim can pay for one war after another, can fund energy sources that put ideology over physics and can finance massive national deficits at the expense of future generations."
Sure thing, Edmund!
We think part of the reason society hasn't reached the levels of prosperity predicted by Keynes is because much of our national wealth has been wasted away by inefficiencies of government. If the citizenry was taxed outright to pay for war after war, or to pay for the trillions put into "green" energies and the subsidies that support them, or to pay for the trillions in entitlement programs, they might protest to paying so much to gain so little. But through the tax of monetary debasement, citizen's wealth is stolen insidiously, allowing governments to continuously overpromise in the short-term and underdeliver in the long-term.
We could also be totally wrong. ;)
It sounds like you're saying we would have been better off should the US government have stayed on the gold standard or if it hadn't been allowed to run a deficit. If so, do you have any examples of when or where this has worked?
No, just advocating for more efficiency and honesty. How we get there is up to brighter minds than we to solve.