In the market where interactivity of the buyer and seller determines price, waste that is tolerated in the exchange is reflected in price inflation. Inflation which is the difference between price and actual use, is the process of continually rising cost that implies a falling value of money. Market inflation, the difference between total commodity cost and realised value, threatens as it does not sustain. A balloon over-filled with air, at some point it must burst to bring chaos. The private exchange forever balances on this brink.
Inflationary waste undermines. Authority that defines economics attempts to keep its control. Inflationary targets aiming to deliver sustainable development always miss. Sustainable development that is the end to the boom and bust - the process of capital continually reorganising and reinvesting for new growth and profit - is sanctuary. Where the organisation tolerates waste, capital works for pleasure it can never find. Innovation and ingenuity are an introduction the individual can only dream of.
The presence of inflation is something that has become a constant. We are used to increasing price - of pay rising in the good years and falling in the bad - with the fluctuation of house price, and cost of money. Where money is cheap, inflation schemes. And through this continual, where the aim of ownership is working for maximum value, the inflationary trend which devalues causes concern. Those who yearn for the zero percent do so because it is thought to represent the perfect state for their productive unit - profitability increased in relation to cost.
Those who intuitively identify value in the market, who manage their capital for value to produce profit, do so because it is their motive. The toleration of waste becomes a thorn in the side of production. A thorn privacy inserts itself. To remove waste the commercial interest removes capital layer, so that those responsible for the decision not only remove a cost, but are more able to turn the decision into activity of greater value. This is the absolution of thought attempting to work in the private market.
The desire to remove waste, the drive for market value, has led to inflation being reduced to lower levels. The intuitive money now suggests inflation is dead, that inflationary tendencies are under control. In most of the older industrial countries, inflation has collapsed. But this breeds new uncertainty, because if inflation is dead, what affliction does money live with now? Money is the game nobody can win.
Obsession is the child of failing duplicity, of putting sense into our sights. The obsession of arresting inflation is now intimidated by the fear of deflation. The consumer indebted through the purchase - as everything is thought to rise with time - finds the balloon tied to lead weight. Nothing defies gravity. Money which is the mimic, is also the false expectation. Capital which borrows finds its position in deterioration unless there is a spring in its step. A breath of fresh air suffocates with staleness.
Relevance of the abstract value, from the cold to the living reality, is that the banks, as owners of the non-performing, face trouble because of deflation. It puts them in the pole position of ruin. The ownership of assets, whose value increases, is of no use unless the debtors can pay. The disregard for introspective warmth - desperation the interest - is the hallmark of the bully. Pressure spirals when the consumer is cut. Confidence that is the lifeblood, is individuality walking the tightrope.
The consuming desire for control produces the apologist. After tightening its belts, the modern world gets told a little inflation is a good thing. As inflation dies, the captain realises he goes with it. He blindly searches for grease to smooth the slowing wheels. Those who make decisions that best serve the private interest talk up the rigid downfall. The world seems to be in a permanent depression. Nation states blame the state of a world market over which they have no control. Business blames the politician, who blames the greed and ineptitude of the industrialist, who apportions it to the lack of a skilled workforce. A workforce incapable of organising itself to offer an alternative - the communist faultlessly blaming the shortfalls of capitalism - begs the question who is in charge? In this mess, intuition becomes impatient. Paradise and the mundane is not much of a choice. The world awaits its first decision.
Economic uncertainty which produces the age of lowered expectations lives the economics of fear. No longer is there a job for life. Uncertainty breeds the shrinking violet, conservative in its behavior. The individual lives to keep his head down, to get paid at the end of the month. Individuality which finds itself in the situation that does not meet its aspiration realises - or is made to realise - the pain is to be endured. People are two pay cheques away from the street. Sympathy is hard to find, because thats the way life is. When it is more difficult to identify who actually runs the world, as the individual is not in charge of his own destiny - with nobody ever prepared to accept responsibility for the actions of the world - then who pays? Where money is chased to realise illusive pleasure, exactly whose money is it? We are happy to own, but never defend. Money creates character used to milk and discard without care.
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