Well said. There is an asymmetry but I think its heading towards a bad direction/outcome. The biggest issues are saturation of communication channels with noise compromising communication, and the muddying and removal of objective facts in favor of opaque opinion.
Regarding the podcast you mention, that actually may be worth digging into further for validation than you did in that post.
I've heard that rhetoric, and many collected metrics have been changed in the collection methodology to favor certain narratives. I know for a fact that this has happened with regards to a jobs report where BLS had to revise the report a year after the fact (by more than 1 million jobs , a loss thereof), and its been happening with increasing frequency for decades related to inflation stats, making it difficult to have sound data to make any argument.
Without communication, and objective measurement no feedback related action can alter the current trajectory.
As a result of these things my general inclination (and many others) is that many of the reports are no longer credible, and it takes some creative investigation to find out how that is the case in some cases (that assymetry), but its there with enough objective information.
You may not be aware, but the Fed has silently nationalized parts of the banking industry and by extension much of the economy which doesn't show up these reports. Technically its held in private hands still, but its money printing where they have engaged in picking winners and losers through passthru entities, QE, the most recent turnover of bond exchanges/auction to Blackrock, and abandonment of the fractional reserve system in favor of a modified Capital Reserve system that is based in objective valuation without price discovery (circa 2020). In other words, monetary systems that will fail and in those failures result in a collapse to non-market socialism (that fails too).
With such massive flows from money-printing occurring in the dark with these things, and non-reserve debt being issued to private companies who upon receiving such funds become state actors out-competing legitimate business, forcing small business and medium business closures towards monopoly; there are serious concerns of decline when such printing goes too far and monetary properties fail as they naturally do in stage 3 of a ponzi where objectively measurable debt growth exceeds inflows/assets.
Those properties being a stable store of value/medium of exchange. For the past several decades this has been going on where they sieving through debasement wealth which eventually ends in dynamics forcing a deflationary cycle which may lead to socio-economic collapse.
The boom bust cycle in the last several iterations have required a true-up through bailout/bailin/money printing to kickstart the start of the next cycle, a true-up which requires an exponential amount each time, and we've gone through several such crises now to prevent deflation.
There is great concern given what we know from Malthus/Catton about post-extraction food production capabilities when order fails, as it will chaotically without some counter-acting force of equal economic power to the existing monetary system.
Free peoples do not abide having slavery imposed on them, and will either violently oppose such things, or eliminate themselves and their children strategically so they don't suffer meaninglessly. (Wealth and Poverty of Nations; Landes).
Well said. There is an asymmetry but I think its heading towards a bad direction/outcome. The biggest issues are saturation of communication channels with noise compromising communication, and the muddying and removal of objective facts in favor of opaque opinion.
Regarding the podcast you mention, that actually may be worth digging into further for validation than you did in that post.
I've heard that rhetoric, and many collected metrics have been changed in the collection methodology to favor certain narratives. I know for a fact that this has happened with regards to a jobs report where BLS had to revise the report a year after the fact (by more than 1 million jobs , a loss thereof), and its been happening with increasing frequency for decades related to inflation stats, making it difficult to have sound data to make any argument.
Without communication, and objective measurement no feedback related action can alter the current trajectory.
As a result of these things my general inclination (and many others) is that many of the reports are no longer credible, and it takes some creative investigation to find out how that is the case in some cases (that assymetry), but its there with enough objective information.
You may not be aware, but the Fed has silently nationalized parts of the banking industry and by extension much of the economy which doesn't show up these reports. Technically its held in private hands still, but its money printing where they have engaged in picking winners and losers through passthru entities, QE, the most recent turnover of bond exchanges/auction to Blackrock, and abandonment of the fractional reserve system in favor of a modified Capital Reserve system that is based in objective valuation without price discovery (circa 2020). In other words, monetary systems that will fail and in those failures result in a collapse to non-market socialism (that fails too).
With such massive flows from money-printing occurring in the dark with these things, and non-reserve debt being issued to private companies who upon receiving such funds become state actors out-competing legitimate business, forcing small business and medium business closures towards monopoly; there are serious concerns of decline when such printing goes too far and monetary properties fail as they naturally do in stage 3 of a ponzi where objectively measurable debt growth exceeds inflows/assets.
Those properties being a stable store of value/medium of exchange. For the past several decades this has been going on where they sieving through debasement wealth which eventually ends in dynamics forcing a deflationary cycle which may lead to socio-economic collapse.
The boom bust cycle in the last several iterations have required a true-up through bailout/bailin/money printing to kickstart the start of the next cycle, a true-up which requires an exponential amount each time, and we've gone through several such crises now to prevent deflation.
There is great concern given what we know from Malthus/Catton about post-extraction food production capabilities when order fails, as it will chaotically without some counter-acting force of equal economic power to the existing monetary system.
Free peoples do not abide having slavery imposed on them, and will either violently oppose such things, or eliminate themselves and their children strategically so they don't suffer meaninglessly. (Wealth and Poverty of Nations; Landes).