Old Finance is a confused and confusing menagerie of money, credit, debits, assets and prices all expressed in numbers whose connection to the real world of individual choice, physical wealth and personal prosperity is nebulous and whose machinations are, to Everyman, mysterious – and intimidating.
There is a reason they are called the Wizards of Wall Street, and not stewards, or even scientists.
Why Finance Is Important – for Everyman
Giving us a wealth of choices for how we want to take the world about us as we find it, and change it to be more a way we want it to be.
Riding the ebb and flow of change, and co-creative, collaborative and evolutionary adaptation to change, as times change, and we, as people adapt to changing times.
Making new intellectual and interpersonal connections for doing work and sharing wealth, letting others go, in an economy that is constantly changing, as times change, and people adapt to changing times.
Six Systems of Financial Stewardship
- the Social Power of Family & Friends
- the Moral Authority of Church & Charity
- the Public Good of Taxing & Spending
- the Counting and Accounting of Money & Credit
- the Expansive Growth of Securities Trading
- the Regenerative Cash Flows of Evergreen Superfiduciaries
For the economy to prosper, each form of financial stewardship must remain true to the principles and purposes of its own unique form.
Which means that no one form can be the right form for financing an entire economy.
Instead, each is the right form for financing the right enterprise at the right time.
When we use the wrong form, we get the wrong result.