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Pittsburg, Kansas | I have not heard of those.
That is kind of what the link above talks about a little. In that the money supply is so rigid it is not able to act as a shock absorber to the economy.
I'm more of a Mises and Rothbard sound money kind of guy rather than a Keynesian flexible money person. Definitely not an MMT guy (although that's where we seem to be at).
But the link I posted did give me pause about the money needing to be flexible basically to allow for periodic rebalancing of wealth without revolution or wars.
The only thing I know for sure is I don't know. But it is what it is and we are where we are and best I can do is adapt as it unfolds. Almost certain I could not guess perfectly so since I don't know what I am doing, I am diversifying a bit.
It is one thing to have a theory. Might be the best theory in the world. But if it doesn't count for human psychosis and crazy emotional response, it is going to miss the mark. Like the song says, God is great, beer is good and people are crazy. And I'm not so sure about the beer.
Edited by John Burns 2/13/2026 05:47
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Flexible money supply
