An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, October 29, 2012
Is This Why Most CEOs Won't Make Good Policy Leaders?
Lack of situational awareness?
Romney on disaster relief: ‘We can’t afford to do those things’
They don't recognize altered context? Isn't that rather like walking outside ... and noticing that you're no longer inside? What's more basic than noticing context?
In this case, a Presidential candidate doesn't know the difference between the ISSUER & the USERS of sovereign, fiat currency. That's more than a bit surprising. Unfortunately, the other candidate doesn't either, and neither party's platform illustrates adequate understanding of that basic, operational point. Ergo, it's up to the electorate.
How, pray tell, does a group run out of fiat? Just as a point of logic. Can we resurrect dictionaries, and agree upon terms?
There's a better way to mix domain expertise into policy development. We need to find it. FAST!
Otherwise, watching policy development will continue to be like watching old Wile E. Coyote & Roadrunner cartoons.
It's self-serving BS.
ReplyDeleteFill in the blank from the 1% and their cronies on fill in the blank if it improves the lot of workers: ‘We can’t afford to do those things’
Fill in the blank from the 1% and their cronies on fill in the blank if it improves the lot of the 1%: ‘We can’t afford not to do those things’