Lost Guardrails: Currency, Debt, and Democracy's Perilous Path

Lost Guardrails: Currency, Debt, and Democracy's Perilous Path

The Perilous Path: When Guardrails Fail in Finance and Democracy Throughout human history, our aspirations often outstrip our natural capabilities. We cannot fly without engineered assistance, nor can we reliably manage complex currency systems without robust, artificial guardrails. This fundamental truth underscores many of the challenges facing contemporary societies, particularly in the Western world, where the absence of such crucial restraints threatens both economic stability and democratic integrity. Consider the tragic tale of the tailor who, on February 4, 1912, leaped from the Eiffel Tower, believing his homemade "flying suit" would grant him flight. He perished upon impact, a stark metaphor for grand ambitions unsupported by fundamental principles. Similarly, in the financial realm, we recall the dot-com investors who soared before a dramatic crash, and observe today's AI investors, donning their own metaphorical "flying suits" in hopes of sustained as…