Casino Roy-Et al
When Charles Mitchel became top dog at National City Bank, playing second fiddle to J.P. Morgan Bank & Trust, he espoused the essence of the fiscal economy. It’s a numbers game. From island to island the Dutch East India Company reeled them in from sea to shining sea. When eastern europeans trained across the pond to be a part of the American Smelting Pot, Wall Street was roaring through the 1920’s. The Historic European Superpowers( Germany, France, England, Russia) as well as the smaller satellite states were all in shambles. House Morgan was now playing with house money. Thomas Lamont was now one of the Brain Trust at the House of Morgan. Tasked by President Wilson to negotiate between the Allies and Axis of Germany, Lamont did someone's bidding. The Fiscal sanctions levied upon Germany paved the way for Hitler’s infamous rabble rousing after the roaring 20’s screeched into the Depressive 30’s but before Mr. Mitchel must wrangle the rubes with financial Roulette.
Fast Forward through history when the pension turned to 401-k’s, glass-steagal act was shattered, credit-cards adopted wholesale, now cash is literally just an app! In a brief century the panic of 1907/2007 to the roaring 2020’s. Let’s all pray at worst history only rhymes but does not repeat. Math is understood through mode but the median of American Modality is the Middle Class and that’s dissipating into the ether. Calculating the mean is a game of fractions, or factions, or fractures depending how you look at it. Either which way the dice roll in this game of craps, as Lady Luck Katniss Evergreen’s nemesis proscribed, “may the odds ever be in your favor.”
All academic work, theorizing, and attempts to philosophize have inherit flaws as God made man but only by continuing to weigh the scales of existence can any wager be placed on what the next century, the next 2107, roaring 2130’s will behold. Maybe those far off 30’s will buck the mode, median, and mean but really all bets are off. If there is one silver lining to the Nobel in Economics by Daniel Kahneman and Amos Tversky, it is to the motif than we are not Homo Economicus. From abacus to the “counting houses” of early onset global banking, the tabula rasa does not inherently lend itself to the tabulation
required to be a global citizen of the 21st century. Thinking Fast and Slow did not become pedagogy but an advertising and antagonizing metric used by the likes of Walter Lippman and Edward Bernays who started at the point when the House of Morgan started playing with House Money. The point of the financial spear slowing piercing the heart of the soon to be middle class.
