have always imposed a monopoly of a
centralizing currency with positive
interest rates for the last five
thousand years it is what created
Industrial Revolution but it also has
created a series of problems that we
familiar with
The Apollo-Dionysus Pair
Let me now introduce the pair that I believe has been pulling at our collective leg in
every one of our “irrational” boom and bust cycles of the past three hundred years. They
were among the most famous and powerful gods of the classical Pantheon, and the fact
that we have forgotten about them has not made them any less powerfully operative in
our midst.
Apollo and Dionysus have in common being the two favorite sons of Zeus and have
always represented the two polarities of the interplay between rationality and
irrationality. I will now provide a short overview of each god’s own story44, show how
the two interact, and then connect that interaction with the well-established phases of a
boom and bust cycle. In each of the descriptions that follow, I will add italics to the
features that will end up being most relevant for that ultimate connection with the
phenomenon of financial manias.
Apollo
Apollo was second only to Zeus as the most important Greek god. He was the solar God
of prophecy and divination, of the arts (especially music) and of archery. “He was known
to Romans and Greeks alike as Apollo with the adjective of “Phoebus” (the “bright” or
“shining” one). He was portrayed standing or striding, as a handsome beardless youth
with virile strength and flowing, golden hair…”45He could provoke epidemics in entire
countries, but also heal them-
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Click to access 2005-An-Integral-View-on-Money-and-Financial-Crashes-Lietaer-annotated.pdf
Who is paying the higher cost of energy ? Turning up the Differential Accumulation heat.
Ying and Yang and the Climate Church Strawman. #GrubStreetJournal @wiki_ballot
12log 2-8’ers gonna 12log 2-8, and Haters Gonna Hate. #Aadhaar
“When first upon his high, paternal throne
He took seat, forthwith to divers Gods
Divers good gifts he gave, and parcelled out
His empire, but of miserable men
Recked not at all; rather it was his wish
To wipe out man and rear another race:
And these designs none contravened but me.
I risked all in the attempt, and saved mankind
From stark destruction and the road to Hell.”
1 thought on “An Integral View on Money and Financial Crashes (2005) The Apollo-Dionysus Pair “He could provoke epidemics in entire countries, but also heal them- “, Currency Solutions for a wiser world, Bernard Leitaer (RIP)”