{"id":57333,"date":"2025-01-30T08:32:14","date_gmt":"2025-01-30T08:32:14","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/time-to-rightsize-the-economy-for-a-reality-based-future\/"},"modified":"2025-01-30T08:32:14","modified_gmt":"2025-01-30T08:32:14","slug":"time-to-rightsize-the-economy-for-a-reality-based-future","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=57333","title":{"rendered":"Time to “Rightsize” the Economy for a Reality-based Future"},"content":{"rendered":"


\n<\/p>\n

\n

Like this post? Consider subscribing to my Substack<\/a> for additional insights and content today!<\/span><\/i><\/p>\n

<\/a><\/div>\n

For roughly the last 15 years the Fed\u2019s reckless \u201ceasy money\u201d
\nzero interest rate policy (ZIRP) has encouraged more than just gratuitous
\nspeculation in assets like stocks, cryptos and housing. <\/p>\n

In undermining our sense of the value of \u201cmoney\u201d by encouraging
\nimprudent uses of artificially cheap debt and discouraging thoughtful uses of real
\nearned productive capital, the Fed has warped and distorted our entire economic
\nsystem thereby creating the \u201cEverything
\nBubble<\/a>\u201d.<\/p>\n

But this \u201cEverything Bubble\u201d is NOT constrained to just obviously
\nabsurd examples of strictly financial anomalies like high flying speculative
\nassets or the seriously distorted and sorry state of public finance; \u201cEverything\u201d
\ntruly refers to EVERYTHING.<\/p>\n

Over this historically anomalous period, the Fed\u2019s \u201ceasy
\nmoney\u201d worked to \u201czombify\u201d firms, households and institutions alike creating a
\nmassive mis-allocation of resources across the entire spectrum of decisions
\nrendered by all free market actors including those decision related to business
\ninvestment, household formation, higher education, career planning, campaign finance
\nand ultimately our culture.<\/p>\n

It should come as no surprise that while we are witnessing
\nthe most historic crescendo in financial markets, we are simultaneously experiencing
\nsome of the most outlandish human excesses in our social, political and cultural
\nspheres as over a decade of massive mal-investments in people\u2019s time, attention
\nand resources has materialized as a truly distorted society with ideals aligned
\nwith fantasy and delusion.<\/p>\n

Fortunately, as goes this financial crescendo so will go all
\nof these excesses too as our economic trends revert to the mean and a harsh reality
\nbears down on humanity forcing a \u201crightsizing\u201d of sorts on everyone and
\neverything.<\/p>\n

For example, the recent \u201crightsizing\u201d of Twitter by Elon
\nMusk\u2019s aggressive management actions, while still a work in progress, may be a
\nreal harbinger of things to come for software tech and technology industry employment
\nin general.<\/p>\n

To say that the technology space is bloated is a serious understatement
\nas many years of mal-investment have manifested in epic excesses not the least
\nof which are employment levels that are well over what is truly required for
\nthe fundamental viability of individual projects, services, firms and the
\nindustry as a whole.<\/p>\n

An over-emphasis on the value of STEM disciplines was made
\npossible by loose financing of higher education coupled with the simplistic notion
\nthat all students should be funneled into highly technical fields where
\nprosperity was virtually guaranteed. <\/p>\n

The problem, of course, is that while many young people may superficially
\ndisplay the capacity for STEM education, there is no guarantee that these
\nfields will be correct for these people\u2019s long-term career viability. <\/p>\n

Stated simply, no matter how you encourage education and
\ntraining in technical fields, probably no more than a few percent of the workforce
\nwill ever truly be able to make an entire 40 year career out of highly
\ntechnical disciplines like physics, scientific research and electrical and
\nsoftware engineering.<\/p>\n

That\u2019s not to say that it is wrong to encourage technical
\nand scientific education but only that ultimately all of our educational goals
\nshould be aligned with the fundamental workforce demands brought about by a reality-based
\nhighly competitive modern economy and NOT the grossly speculative \u201ceasy money\u201d debt-fueled
\nperiod we have all just lived through.<\/p>\n

Further still, more recent innovations in technical project
\nmanagement techniques (namely, \u201cagile development\u201d, a full description of the
\npros\/cons of this technology management process would be far too lengthy for
\nthis discussion) have allowed significant staff and process bloat where there
\nis an over-emphasize human \u201cstorytelling\u201d foibles, a lack of scrutiny of actual
\nhours worked (particularly for remote staff) and ultimately and under achievement
\nof true reality-based accomplished work. <\/p>\n

To \u201crightsize\u201d the technology industry, executives will have
\nto follow Musk\u2019s lead and drastically reform their operations with major
\nlayoffs, the implementation of management techniques that verify commitment and
\nreal work performed, and a significant curtailing of many of the superfluous
\nluxuries tech workers have grown to expect over the last decade.<\/p>\n

As we leave the delusional \u201cEverything Bubble\u201d years far
\nbehind, getting \u201cback to basics\u201d will be difficult but ultimately a healthy
\ntrend towards a reality-based future.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Like this post? Consider subscribing to my Substack for additional insights and content today! For roughly the last 15 years the Fed\u2019s reckless \u201ceasy money\u201d zero interest rate policy (ZIRP) has encouraged more than just gratuitous speculation in assets like stocks, cryptos and housing. In undermining our sense of the value of \u201cmoney\u201d by encouraging […]<\/p>\n","protected":false},"author":1,"featured_media":57334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[10916,2481,32542,32541,1231],"dealstore":[],"offerexpiration":[],"class_list":["post-57333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-economy","tag-future","tag-realitybased","tag-rightsize","tag-time"],"yoast_head":"\nTime to "Rightsize" the Economy for a Reality-based Future - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=57333\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time to "Rightsize" the Economy for a Reality-based Future - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Like this post? 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