If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.
The NPC-like script in responding to the attacks has been so on the nose that Vice President Mike Pence even tried to tie Soleimani to September 11 in a move that must have made Trump's attorney and frequent gaffe machine, Rudy Giuliani, proud.
In order to expand production and increase productivity — and thus increase the standard of living — it is necessary to use capital. And so it makes sense to pay interest on capital lent, so as to encourage the maintenance and production of capital for the future.
The idea that people are driven by fear of losses more than they are by the potential for gain has attained a sort of dogmatic adherence among behavioral economists. But there's a problem: the theory isn't true.