Did money come from Betelgeuse?
This morning one of the Money Talk shows, maybe Ray Lucia, was making a point about evolution and money. It's a familiar and plausible point, rehashed often: Money came along quite late in the course of evolution, thus we aren't equipped to handle it.
We constantly make big mistakes in evaluating prices and risks because money is basically beyond us.
This morning, for some reason, I applied the Grand Blueprint mindset instead of the random evolution mindset. The Grand Blueprint, gaining more support every day from new examinations of epigenetics and actual critters, holds that all the functions and purposes
of plants and animals were present from the start.
Each major and minor type of living creature, each phylum and species, carries a significant part of the whole blueprint, maybe even the whole thing; but the hard-wired heritable genome of each type includes only a very small subset. Putting it simply, evolution is a process of subtraction, not a process of addition.
Okay then. If all
human talents and tendencies have been available since we walked upright, then these particular deficiencies in sensing risk or value are not universal.
Money, with all its various virtues and sins, didn't drop in from some other planet 5000 years ago. All aspects of money were invented by humans with better talents in this area; thus all aspects are understandable by higher-ability humans. It's not a question of universal deficiency, it's just a question of different types of intelligence. Some
humans understand the risks and values well enough to fool other
humans. If that weren't true, money wouldn't exist at all.
Why is this important? Because the 'money came from ET' mindset makes it easier for the cheaters to get away with their games. Securitization is 'too complicated' to regulate. Mere humans can't understand it; we just have to trust Goldman to do it honestly.
Nonsense. It's all as old as humanity, and governments have been regulating commercial cheaters ever since we had governments.
When securitization popped up in Swift's time, the British government wasn't afraid to punish it. When it popped up again in Coolidge's time, FDR wasn't afraid to punish it. The only reason we won't punish it now is because the thieves are fully in control of everything. That's all. It's not evolution, it's just absolute and total crime. The problem is complicity, not complexity.
Labels: Grand Blueprint