New essay: A Confluence of Confluences

In roughly 10 years we have a megastorm of issues coming due. Most of these issues are connected to borrowing trillions more than we'll ever pay off. The ones that aren't are connected to the notion that Neo-classical economic theory allows us to do anything, ie, debt doesn't matter and money isn't real (fiat) and has therefore zero real backing. This failed economic model is what has created the trillions in debt that will never be paid off and the insane interest payments that are dragging down the standard of living the world over. A person's standard of living is connected to the amount of debt being paid on due to limited resources, and it doesn't matter what college professor wants to argue with that, because those same people argue that releasing students from their debt would improve their lives, aka, improve their standard of living, so they've already said what I just said. Marxist and Neo-classical economic theories are a failure and only Classical has any real merit. Why? Because we live on a limited world with limited resources that must be managed as though they are limited. Which is what the other modern economic models do not take into account. Neo-classical theory has become synonymous with unlimited borrowing and inflation. Marxist theory is synonymous with unlimited forced labor and starvation. And Keynesian theory? All that does really says is that you will have 'boom' and 'bust' cycles if you allow unfettered economic activity. It's also been corrupted and incorporated into the Neo-classical theory in an attempt to explain why the Neo-classical system causes economic recessions and depressions. Hint: it's because the Neo-classical system allows companies to make far more stuff than they could ever use by allowing them to borrow far beyond their means, ie, a fast food franchise expands and then has to close stores due to expanding beyond their means with money they borrowed beyond their means forming a 'boom/bust' cycle for that company that wouldn't have existed without the money they borrowed to over expand. Neo-classical economic theory is like a monster that constantly eats itself and calls it 'progress'.

Debt, inflation, unemployment, and sustainability. The Four Horsemen of the Economy. These are primary issues we face, and indeed, created by going off the gold standard and pretending that money didn't really exist. Until we had to pretend it did indeed exist in the form of debt, if nothing else. And then people want to essentially argue that debt doesn't exist, because that is what you're doing if you argue that the amount of debt doesn't matter. If it doesn't matter, why does it cause negative effects on society? Well, the negative effects on society exist, therefore, the debt exists, whether the fiat money it's based on actually exists or not. That means that the other negative effects also exist and these negative effects are in the process of converging into a storm of epic proportions roughly 10 years from now. That's not a long time to anyone but kids. Everyone else still has a phone book or calendar from 2013 in their house. If you think it is a long time...then I say...develop some longview and recognize we are all but ants moving across the pages of history.

Full essay on Authorden: https://authorsden.com/visit/viewarti...