Can't Make This Up. Hoover & Roosevelt as DoppleKabukiGangers

   (Commentary posted by Roger Erickson.)

"Given later developments, the campaign speeches often read like a giant misprint, in which Roosevelt and Hoover speak each other's lines."

- Roosevelt adviser Marriner Eccles, on the campaign of 1932

and

The fight that just won’t die.

It was all an accident?

Roosevelt eventually unintentionally DID what Hoover originally? intended, but wouldn't/couldn't/didn't get DONE in time to matter?

In retrospect, it seems clear that as nations and populations grow, that their fundamental operations must be re-organized, as a function of sheer scale alone, if not context. "Experts" such as Hoover can easily do more harm than good by unnecessarily opposing required change that they don't understand, while "beginners" like FDR can do tremendous good simply by having the courage to allow change, regardless of whether they understand it.

There is a fundamental difference between understanding process, and understanding process change - and especially rate of change.

Above all else, we need our entire range of people & personalities to have more humility, so that they can embrace and explore the potential of our constantly increasing diversity?

Have aggregate options, will explore!

That should be on our national business card.

Ever faster change, from grandparents to parents to grandchildren, is something we all have to embrace, if that generational cycle is going to continue unconstrained.

This Hoover/FDR tantrum may be a great lesson on intentions, adjustments and allowances, where both players come away looking better than all originally thought, but for reasons entirely different than ALL initially presumed! :)

History is never what we're actually told?

There's a fundamental difference between a tactical officer, and a LEADER willing and able to let tacticians operate?

It takes a different kind of leader, for every scale (and tempo) of policy development?

Warren Mosler - Taking Personal Risks On The Streets Of Sophia, Bulgaria

Commentary by Roger Erickson

QUESTO E' UN EROE



Dude could easily end up on the wrong end of Russian gangsters this way. One rock thrown. One ... violent act, and we could lose him.

Kudos to Warren. And to Ryan Markov - who arranged Warren's visit to Bulgaria.

Caption reads [Google Translate]: "This man could live peacefully and comfortably at his home in the Virgin Islands, devoting himself to his family and his hobbies. But having understood the problem, and having a thirty-year experience in the financial and monetary system, has decided that [he] can not stand by and watch while the Western economies, [] follow a mad criminal ideology, leading to drain millions of households and businesses.


Here .. in Bulgaria, after holding the meeting economic, [he] descends through the crowd to join the protests against austerity (which are also [destroying] the economy). Now I say to those who accuse him of being a spy for the CIA to be a banker who is just defending its interests, stop. Study the ME-MMT, and then [criticize] as well, but [do so] on the merits and not by attacking stupid [invented] stereotypes."

In Case You'd Like To Know What Your US Congress Is Up To, Regarding Currency Operations

Commentary by Roger Erickson

(hat tip to Tom Paine II)
Hearing entitled “The Fed Turns 100: Lessons Learned over a Century of Central Banking”

Wednesday, September 11, 2013 2:00 PM in 2128 Rayburn HOB

Monetary Policy and Trade

Click here for the Archived Webcast of this hearing.

Click here for the Committee Memorandum.

Witness List

• Dr. Allan H. Meltzer, Professor of Political Economy, Tepper School of Business, Carnegie Mellon University (TTF)
• Dr. Marvin Goodfriend, friends of Allan Meltzer, Professor of Economics, Tepper School of Business, Carnegie Mellon University (TTF)
• Mr. Alex J. Pollock, Resident Fellow, American Enterprise Institute (TTF)
• Dr. Lawrence H. White, Professor, Department of Economics, George Mason University (TTF)
• Dr. Joseph E. Gagnon, Senior Fellow, Peterson Institute for International Economics (TTF)
• Dr. Josh Bivens, Research and Policy Director, Economic Policy Institute (TTF)

Sure looks like a case of inviting more than one biased witness to a US House of Representatives committee that's already been told what they're supposed to hear ... by their campaign donors.