( Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. )
There is shockingly little that we as humans can actually control about our existence in this universe. Even so, we as a civilization spend an inordinate amount of energy bringing calm and stasis to a volatile earth. Just the act of regulating temperature both upwards and downwards inside our dwellings and workplaces requires the consumption of a vast amount of energy.
Because we instinctively understand that we are but reeds blowing randomly in the wind, humans confer immense power upon those individuals and institutions that offer the siren song of tranquillity. Our politicians tell us they have a plan, our corporate chieftains chart the path forward to future profitability, and we follow in hopes that yesterday, today, and tomorrow will exhibit the same qualities. But the universe throws unexpected haymakers time and time again, and the best laid plans of our leaders tend to fall woefully short. But what can we do, but try and try again?
And just as our civic society projects calm, the money that powers civilisation must appear stable as well. Fiat currencies are designed for slow depreciation over time. Humans cannot fathom the loss of purchasing power over decades or centuries when juxtaposed with stable purchasing power when measured over the course of days, weeks, and months. We are attuned to believe that a dollar, euro, yen, etc. today will buy the same amount of energy tomorrow.