I once heard an analogy that captured my attention about how to view the law through time, ultimately the law was written by people and was not sacred under any meaning of the word especially when it created unequal and unjust societies because they were solely narratives. Much like in literature, narratives are prose written by humans to push their societal construct and do not let the Roman lingo confuse you, there is nothing sacred in Latin much like Catholic phrases, they are just sentences.
This got me to think that the economy is very much the same way, it is a narrative written in numbers but ultimately spelled out about what people can do. Especially when the paper is printed is not much different than other printings. Granted the goal is to encourage some exchange but that already exist and has way before paper money came to be which was barter. Barter has always been the economic engine from ancient times to the present because one geographical region did not produce all the essentials and vice versa, exchange was how goods were taken to one place and another. It generally worked very well and still does but now the exchange is not direct but indirect through the currency. If the currency is not circulating then changes have to be made to releasing more currency otherwise the barter is not facilitated or a demand for a product is not enhanced.
The current era seems to be a stagnation because the economic narrative says hold the currency back which is why one hears constantly that the banks do not loan but want to. Yet that money does not belong to them especially if they are given low interest loans and would prefer instead to court the Chinese so they can invest in California but remove the US manufacturing from them and their economy returns to its ancient ways of internal barter. And why would the Chinese invest if US banks do not want to, sending a message that maybe California is not a reliable place. And begging the Chinese to invest does not send a positive reassurance and indirectly creates animosity from those at the bottom in California because they feel left out. Allowing for a changed narrative in the economics is what is required not acting like the economy cannot be changed because it can such as the Marshall Plan did at the end of World War II which served as the seed money for Europe and Japan.
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