Worm Food

These thoughts were on my mind, and I jotted them down in my journal on Monday. I felt compelled to put them up here on the off chance someone might find them (useful).

I felt compelled to write these thoughts down. They are not empirical, but they do have a certain truthiness.

• Markets are more robust, lifting more people, when they are free from monopolies of any kind.
• The government itself is a kind of monopoly that can influence overall economic performance, either for good or bad. Therefore, regulation and stimulation, both of which will always have unforeseen consequences, must be carefully considered before being implemented.
• Unregulated markets tend to evolve into monopolies or oligarchies that maintain their status-quo by suppressing creativity, innovation, and overall economic growth. Everything becomes zero-sum.
• Every market has winners and losers. When the elites perceive themselves as losing, they will use any means necessary to protect their power. They will also convince themselves they are acting for the greater good. Some won’t care about the greater good so long as they benefit.
• “What’s bad for the hive is bad for the bee,” but the bees are not very good at recognizing what is good for them—especially when what is bad for the hive is pitched as being good for it. The inverse of Marcus Aurelius’s truism is patently false. Otherwise, nobody would poison the common well for their own profit.
• Humans are remarkably immune to cognitive dissonance. Double think is a real thing.
• I believe Greenspan was correct when he said the biggest problem with the economy was that nobody took the long term view. When asked why, he said, “because in the long run, we’re all dead.”

We are all “food for worms.” Memento mori.