We both agree money functions as an accounting device, but the problem which seems evident to any consideration of the world as it is, is the degree to which this system has evolved from the efficient transfer of value, required of functioning markets, to the ultimate goal of those markets. Money has gone from being a tool, to being a god.

The Boeing Company are certainly experts on building passenger jets, but sometimes that also means they are a little too close to the situation and fix problems as they arise, rather that really going back to the drawing board.

We have certainly tried saving money since the dawn of civilization, as the occasional bag of discovered coins shows, but this served to draw it from circulation, allowing the powers that be to issue more, without as much fear of inflation.

Modern banking evolved with expanding foreign trade, the industrial age and colonialism, so the potential for ways to use capital was broad, but the issue of storing it, when those opportunities are not as widespread, does seem to be an underlaying problem. Was Roosevelt just putting unemployed labor back to work, but unemployed capital, as well? That’s when the deficit started. Given much of that the government borrows, currently gets spent in ways which don’t constitute a profitable investment, from enormous militaries, often kept busy blowing up other countries, than actively dealing with them as useful parts of the global system, or simply paying people who are not working, rather than using this money to develop jobs for them, as in the New Deal, thus perpetuating a lack of skills, will eventually catch up to the overall health of the country.

Given the nature of predatory lending/disaster capitalism, it seems the eventual conclusion will be those holding the most of these government promises will be trading them for remaining public properties.

Maybe I’m wrong and there really is a free lunch, with no strings attached, but I’m skeptical.