I have long maintained that fads are for people who do not know what they like — so they depend upon others to make the choice for them. Another perspective, however, reminds us it is good to know what is going on around us.
Today, I would like to consider some new developments. Ready? Let’s go!
Nerves of metal
Have you or someone close to you experienced nerve damage? If nerves are severed, they can often be reconnected, but they can take a tediously long period to regenerate. This situation might be changing. According to Newsweek, “Last month, neurosurgeons in China announced the development of a new liquid metal that can help regrow completely severed nerve fibers ... As many as 20 million Americans today suffer varying levels of debilitation.”
This liquid metal serves as a temporary bridge and acts like the nerve, meaning patients can live normal or near-normal lives while their nerves are regenerating. Wow. I’ve always heard about nerves of steel!
Understanding currency is difficult for many of us. For most of America’s history, the paper money we used represented gold, a limited resource. The value of gold is recognized throughout the world. Our leaders decided it was time for us to leave the gold standard decades ago. Now our nation’s total currency represents the total resources and service potential of the USA. If we print more money without the value of our resources increasing, then we reduce the buying power of the dollar (and experience inflation). If we print fewer dollars, we increase the value of the dollar (and experience deflation). The number of dollars printed determines how big or small the pieces of pie (represented by each dollar) are. This type of money is called “fiat money,” and fiat money is now used all over the world. Rather than trade services, we trade paper representing a certain amount of resource or service.