First Draft
Published in

First Draft

Dry eraser board team meeting with a diagram.
Photo by Kaleidico on Unsplash

“The Cost of Nothing”

“Nothing costs us more”

“How could doing nothing ever really cost us more? “

There’s always an increases in prices when supply is feeling poor.”

“That may be the case, but still we should explore. How would you retort to the argument that that’s what faith and trust in a credit based system is for?”

That I do attest for sure, however we must return to the issue of whether or not nothing can ever actually cost us more?”

“How could nothing cost us something? — This thought I abhor.”

Investment is an opportunity and the value of its removal costs us more.”

“I’l take you at your word, but please also allow me to me ask you about those economic principles to which you swore?”

— “Ask me anything my friend, but keep in mind that the fair market is complex. It may not be exactly perfect, but it’s certainly the best! There’s obviously market timing; buy-low-sell-high. Also look into put-call option spreads and volatility variations, and of course read up on market basket analysis and perform a few of your own Monte Carlo simulations.”

“Indeed that all does sound complex , but dare I say that it is not yet complete? You have not yet addressed all of these people living out on the street! How can your methods claim to be anything resembling ‘optimization’ when the homelessness crisis has become the face of our nation?

Economics is not the study of humanitarianism, it is the study of statistical significance from the aggregated data of societies collective wisdom. We match patterns to data in order to better predict, and then we write policy papers on those that became a big hit.”

“What good are your papers? What good is your wealth? People are losing their faith in institutions; people are losing their health!”

— “That’s what economics refers to as ‘short-term variation,’ over time it improves, and so will the nation.’

“But what about the present? What about the now? You mean to tell me that because of your theory that those people living out in the street are better off somehow?”

No, you know damn well that’s not quite what I mean, just that from an economic perspective it’s not completely unforeseen. We try to do our best, we try to get better, but always still there’s people who suffer.”

— “The foundations of society are crumbling for people in scores. The gig economy has people working in multiple stores! We don’t need more papers we need more public houses. We need better education and updated dietary endowments. We need free WiFi and broadband, we need top connection speed, we need a sense of nationalism that fosters an achievable dream to succeed. We need food in our shelters, we need trash off the streets, we need gluten free bread on the table; we need places to sleep.”

— “There’s programs in places, there’s forms to be filled…”

“Maybe that’s the reason why this country’s so ill. When you can’t even help those that have the most need, how can you then think yourself capable to lead? If your theories and numbers cause more suffering now, it seems to me no more relevant than an out of milk cow.”

— “We’re investing in the future- one day you will see”

“I’d rather wake up tomorrow and see less people forced to live out in the street.”

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Things I think about when I sit at my desk | Updated every Sunday.

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Jon Walsh

Jon Walsh

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