Jim, I would like to add two more Insights to the list:

1. Fiat money is not a finite commodity, it’s a measurement—like points on a scoreboard. To say that a sovereign government can run out of money is like saying to the basketball star Stephen Curry—Sorry, that three-pointer you just made can’t count because we ran out of points!

2. What is tallied as a “COST” to government is, in fact, a PAYMENT TO the government’s citizens. The “COST” of mitigating and adapting to climate change, for example, is more usefully understood as what the world citizens will be PAID to do the mitigating and adapting.