Friday Dec 16, 2005
Easy money, which is a contradiction in terms, is a guaranteed harbinger of disaster.
Easy money is expensive money.
Money without earned value and postive purpose is dangerous; the enemy is often disguised as leisure, or pleasure, or invincibility.
You begin to lose touch with what is real, organic, and healthy, and at a certain point you may become that lost soul who overdosed—that tragic artist who makes for good exploitive copy in a book, or fodder for a film.
But you are smarter than this.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money.Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for “all debts, public and private”.