Thursday, October 23, 2014

How About Fiat Currency Operations 101, For 5th Graders? Or "Context-101" For All Citizens?

   (Commentary posted by Roger Erickson)

"Recent accounts of athletes falling into financial distress have spurred some business schools to create specialized MBA programs for [athletes]"


? Business Schools?

Why not start long before that? With citizens? With an ounce of cheap prevention, instead of a MiddleClass flesh-pound of expensive repair? Especially since the repair so far is grossly too little, too late. [Yes, because of the lame fear that we've "run out of fiat."]

And no, an MBA wouldn't save us. They're among the dingbats saying that we're out of fiat. :(

How about mandatory, early Citizen Schools, for all citizens? Wow. Wotta concept! :)

To do something that simple, it seems that we have to STOP doing a lot of dumb stuff - but that list of dumb does NOT include constraining Public Initiative. Just redirecting MORE of it, to exploring more of our constantly emerging new options.

How much? As much as is needed to improve the quality of distributed decision-making ... because that ALWAYS pays for itself, by definition.

We need more - many more - reasonable people with context awareness.

Marriner Eccles types?

Luther Gulick types?

Beardsley Ruml types?

Warren Mosler types?

You know, people with common sense, and the audacity to simply insist on using it.


4 comments:

Roger Erickson said...

pity that poster only shows up in comedy

Brochan Blasta said...

I Agree with this one 100% Roger, but it's never gonna happen.
It would be like the Wizard of Oz saying "Take that curtain away, so they can see me pulling the levers". The Wizard is too smart to allow that.

Ignacio said...

Compeltely agreed with this. Is ajoke school basicaly doesn't teach "how to be a responsible citizen and have some self-awareness".

Roger Erickson said...

It's up to us citizens to MAKE it happen, Isembard.

Doesn't mean it's easy, or quick. Just inevitable.

Our motto: "Curtain Away ... or National Suicide"

Seems simple enough.