Wednesday, October 24, 2012

Can Canada escape Gresham's Law?


Albert Jay Nock observed  in his Memoirs of a Superfluous Man that he had nothing to say or offer to a society in which all values are squashed except “Economism,” the notion that you can reduce all values simply to money to the exclusion of all other values, standards.  We are heirs to Nock.  The good news from him is the first-rate people abandon the failing enterprises clogged with second-rate minds, talents, who have no idea what  the venture, enterprise required to launch and what is required to advance its health.  This is Gresham’s Law, “bad money drives out good money.”  The good news is the first-rate venture forward to create new, healthy, enterprises that provide value beyond simply making money any old way as long as you get more and more of it.  We are heirs to Nock.  What we have experienced is not new.  We ought not to worry if we are superfluous to dying, decaying systems under the control of second and third-rate talent.  We rather need to respect ourselves and invest our God-given talents in ventures that offer more than simply money grubbing, starting with self-respect.  I love Nock and his “little Nocks.”

No comments: