on governments, money, and finance

Things of value had come from nature and from people. But then there were governments which could print money.

Printing and distributing money makes people happy. So governments have always been prone to print too much money.

Our Federal Reserve has printed way too much money over the past thirty years. That’s why stock prices and home prices are so high. The majority of people benefit. Two-thirds of Americans are homeowners. Pension funds would be in trouble if the value of their investments in the stock market was low. But it’s high, so the pension funds are happy.

A hypermodern economy is very dependent upon the financial markets. Put another way: Our economy is hyper-financialized. Money sloshes around in the financial stratosphere, which rises farther and farther above the real production / distribution / consumption economic reality. This is an aspect of the hypermodern insanity. It’s all socially and ecologically unsustainable.