John Brodix Merryman Jr.
2 min readFeb 9, 2025

--

Remember Mr. Hope and Change "foaming the runway" for the banks, with tens of thousands of people's houses? That is the reason Donald Trump is president.

To the extent society functions as a super organism, government is the nervous system, while money and banking are blood and the circulation system.

We have evolved enough to understand that as the purpose of government must be the health of the entire society and not just the accumulation of power by those at the center, it has to be a public utility. We have yet to understand the same principle applies to banks. So the banks are currently having their, "Let them eat cake." moment.

When the medium enabling markets is privately managed, we are all tenant farmers to the banks.

As these linear, goal oriented creatures in this cyclical, circular, reciprocal, feedback generated reality, people see money as signal to save and store, while markets need it to circulate. Consequently Econ 101 refers to money as both medium of exchange and store of value.

In your body, blood is the medium, while fat, as well as bone and muscle, are store. What happens should they get mixed up?

Roads are a medium, parking lots are a store. If we treated roads like we treat money, everything would be paved over, but we would still be fighting over the lots.

As a medium, you own money like you own the section of road you are on, or the air and water flowing through your body.

As a medium, it functions as a contract, so to store the asset side of the ledger, there has to be a debt to back it. Not too surprisingly, the one job the flunkies allowed in office seem to be really good at, is running up the debt the financial sector needs to grow metastatically. The secret sauce of capitalism is public debt backing private wealth.

Not to mention the youth, the future of society, being strangled in debt.

I could go on, but it appears people really have to learn the lessons the hard way.

The Ancients devised debt jubilees 3000 years ago, as a circuit breaker to the feedback loop of compound interest and here we are, stuck in the same doom loop.

History repeats itself, because we are too thick headed to learn the lessons the first time, or the second, or the third....

--

--

John Brodix Merryman Jr.
John Brodix Merryman Jr.

Written by John Brodix Merryman Jr.

Having an affair with life. It's complicated.

No responses yet