Once upon a time, in a different time and place, we might have heard things like: "Access to clean water will fix the world."

The movement from dirty water to clean is indeed a BIG DEAL. It's monumental for the people making the transition, who no longer have to see their kids getting sick and dying from diseases preventable with better hygiene. But after you live in a world where clean water is normalized, it just becomes another part of the necessary infrastructure everyone takes for granted, and then no one cares until something breaks.

Just like that, sound money is necessary infrastructure. We haven't had it, so we've been very obviously missing something. For us, it's a BIG DEAL—but someday it's going to be whatever, and people will look back on our degenerate financial panics with the same level of passing pity we have for our ancestors that tolerated regular typhoid epidemics.