Willie Sutton's Life Lesson -OR- Pooling Resources

Robbing banks isn't for everyone. There are just too many ways to get caught and society's retribution for stealing from a bank are severe. Now, I can't say for sure if this was the motivation to create money pools outside of the traditional bank vaults, strong boxes and safes, it probably wasn't a direct cause and effect, but it couldn't have been designed better if it had been the purpose.

Wherever money gathers and pools, there is potential for EASY MONEY practitioners to ply their talents and take their cut. When the reason for, and method of, pooling is
automatic, the opportunities multiply exponentially and the consequences for dipping one's ladle into the stream are almost non-existent.

Whenever attempts are made to inject basic protections into processes that few can explain and fewer understand in anything but theory, there is always an instant and earsplitting shriek of absolute horror from within. Oh NOooooooooooooo! You can't regulate OUR money! They will rope and cut out a scammer or few to demonstrate the solid self-regulatory practices of markets knowing that it will short-circuit calls for an accurate accounting and reconciliation of the books.

It's all a money trick. Alchemy that would fail any objective examination. Instead, the validation is that it's too complex and involved to be broken down into understandable language. It's become our economy's engine and has to keep chugging along else unspeakable catastrophe befall us all.

Most of us are vested in this "system" whether we want to be or not. On a daily basis, there are big winners and big losers. Also, on a daily basis, the money to perpetuate the illusion flows into the pools whether we like it or not. The dirty secret is that little or none of it is real anymore. There's little anyone can hope to do but keep playing the game. Like any engine it requires fuel. Like any engine it has output. Like any engine it has exhaust and like any engine it does not put out more than is put in over time. There's a consumption of resources that is not accurately measured.

These days you don't see or hear many actual economists speak on the subject except in alarm sounding ways about abandonment of proven applications of the science. They have been replaced. In most cases by alchemists touting an improbable perpetual motion machine that will continue operating upside down as long as you believe in it.

This is the day Reagan has made. Let us rejoice and be glad in it.