Showing posts with label Multiplier. Show all posts
Showing posts with label Multiplier. Show all posts

Saturday, October 11, 2014

Replacing the Money-Multiplier with the Thinking-Multiplier?

   (Commentary posted by Roger Erickson)

It's not clear that replacing one simplistic fad with another is the right approach.



This journalist blithely replaces the "Money-Multiplier" with a "Fiscal-Multiplier." If only things were that simplistic. Then we wouldn't have to think at all.
Austerity has been an even bigger disaster than we thought

Yes it has, at least for the royal "we," yet only because the bulk of us weren't "thinking" critically enough in the first place.

Look, countless people grasp how countless complex processes work. 

Can't we just agree to treat Public Purpose and Public Policy as a complex process too, instead of just something to throw simplistic slogans at?

If we're gonna rely on one, mythical multiplier, how about we select a Thinking Multiplier?
After all, the root of all disasters is the lack of thinking, not the following steps in the causality flow.