- #1, The economy is not a machine, it's an ecology made of unimaginably complex biological organisms, meaning people.
- #2, Models. There is no single economic model, like there is in Newtonian physics. Obama probably does not realize his advisors are giving him conflicting advice because they have different models.
- #3. Velocity. The speed at which money changes hands is dependent on emotions.
Tuesday, May 26, 2009
3 Things Obama does not know, but should...
Because if he and other world leaders did, they would not be meddling where they can do only harm: