We’ve been fooled into believing there is no longer a monetary Pole Star by which to accurately triangulate our current financial position. Speaking in terms of money, finance, and economy, in the olden days of a fixed currency getting your bearings could be more easily accomplished by watching gold – what Andrew Carnegie once characterized as the North Star.
Whether money was too dear, too loose, or anything in between, one would quickly discern the truth via fixing one’s position in relation to the price at the world’s monetary center. No central bank, no political policies, just action…and consequences.
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