Complexities come with an insidious burden and blindness that human nature oddly finds attractive. Complexity is often equated with sophistication, however, erroneously. Complex objects, ideas, and systems tend to elicit awe. Complex problems tend to be treated with complex solutions.
Not surprisingly, such is the state of monetary affairs.
The thing about complexity is that adding more of it on an incremental basis leads to exponential (or multiplicative) results. Before you know it, a complex passageway through a monetary hurdle becomes a labyrinth in which even its creators can easily get trapped.
This seems to be the state of “money” today. What used to be a simple object of intrinsic value—say a silver or gold coin—exchanged for a simple transaction, is now a “promissory” object “representing” monetary value flowing through a complex network of financial rules, limits, waypoints, and derivative processes simply to get to Point B (a seller) from a Point A (a buyer)….