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Editorial See other Editorial Articles Title: Insight from a Reckoner First up, reckoner Bruno furnishes a thoughtful response to Dan Denning’s article on Liberty and Money... Whatever the central bankers, bankers and politicians are actually up to with the economy has probably little to do with conspiracy and a lot to do with incompetence. In order to conspire, say, to deprive the middle class from its wealth, or to create a worlwide single currency, the conspirators would need to be motivated by some ideology, or by faith. It is a requirement for any conspiracy. Yet, nowadays, our rulers are blind with greed, not with faith, they are led by their most basic instincts, and they are unable to think clearly, even less to conspire. People like Jamie Dimon and Lloyd Blankfein probably dislike each other, they are more interested in what the other is earning, or stealing, than in cooperating. As far as they are concerned, central bankers are merely doing what Goldman Sachs and other banks are “suggesting” them to do. And politicians are only worried about their next campaign, and how to finance it. What they all have in common is that they are focused on themselves and are only interested in the ultra-short term (one year is like eternity to them). Conspiring would, on the contrary, require a lot of long term thinking, patience, and cooperation. It may be that the greed and incompetence of our leaders will lead to changes such as those suggested by Dan Denning, but it will be the result of randomness, not of some elaborate strategy. No grand scheme brought Hitler to power, it is just that circumstances, resulting from the incompetence of others, laid the ground for something like that to happen. Likewise, incompetent European technocrats are actually laying the ground for major troubles to come...we just don’t know yet who will be here to seize the opportunities that will arise from the ensuing chaos. Post Comment Private Reply Ignore Thread
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