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Thursday, January 19, 2017
Ramanan — Barack Obama On The Trillion-Dollar Platinum Coin
President Obama was actually considering the coin gambit, but apparently he did not understand it well enough to clearly assess it.
More probably the people that presented the option to him were against it politically or ideologically and made it seem foolish, which is easy to do based on appearances rather than substance.
The is the problem the president faces in every area, even when he is an expert in the area, since he is depending on what he is told regarding data.
This issue is as old as the palace and court. It was the court that controlled the monarch in this way and there were competing factions in the court.
Many historical novels have been base on this ubiquitous phenomenon, Dumas' The Three Musketeers, for instance.
"he did not understand it well enough"
ReplyDeleteTrained in Law not Systems....
More probably the people that presented the option to him were against it politically or ideologically and made it seem foolish, which is easy to do based on appearances rather than substance.
ReplyDeleteThe is the problem the president faces in every area, even when he is an expert in the area, since he is depending on what he is told regarding data.
This issue is as old as the palace and court. It was the court that controlled the monarch in this way and there were competing factions in the court.
Many historical novels have been base on this ubiquitous phenomenon, Dumas' The Three Musketeers, for instance.
Obama came to his position with the blessing of the plutocracy--he was never going to act against their interests.
ReplyDelete