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The world's best economists are clueless!?! But you're not!

A few Open Letters over the years

March 22, 2012: Log in to update your account

November 16, 2011: Sergey Brin, Google

August 2011:  Economists are clueless!?!  But, you're not!

August 2011:  We all must participate (Barack Obama)

25 July 2011:  NYT Nick Kristof, Bonuses for Billionaires

July 2011:  Economic Development Project for the 30/90

February 2011:  Arne Duncan, US Secretary of Education

September 2010: Stephen Hawking and Len Mlodinow's
Grand Design: It is not as grand as they think.

March 2009:  60/60:  A Beginning for GPS-based Cities
Referred to as Priceless-Cheap Real Estate, this letter might be considered the simple beginning of a billion-dollar idea.

January 2009: President Barack H. Obama
Encourage the unemployed to start a business

October 2008: Hugh McColl, Jr., a Chairman, Bank of America on "60 Minutes" says"There is nothing good about being small."

May 2007:  New York Times Launches Small Business Video
based entirely on the Small Business School episodes

Index of a few letters by topic and author


Focus / Author Episode
Critics Internet / Gloria Internet Basics
  Mo's / Joseph Mo's
Education College / Thomson Favorites #1 & #2
  HS / Coyman Related episode
  HS / Bonetti Chocolate Crickets
  Learn from All  
Help! Internet / Bernadette Staying Power
Indexes Index of Learning Companies  
Industries Type of Business:  Restaurants  
Key Ideas Cash Flow / Gardiner Many
  Compensation Many
  Financials / Stickney Related episode
  GPS-based Cities   $0-to-$1B
  Incubators / Shamiso  
  Podcasts / Gardiner  
  Retirement / Anderson  
  Services (Professsional) Many
  SWOT Analysis / Anderson  
Paths & Steps An Idea / Jason  
  Start Up / Cope
Producers We are all Producers  
Thanks Cliff Prescott, Fat Towels  

Thursday, August 4, 2011      Note:   Click here to go the the letter to Barack Obama


Reference Banks Run Short of Policy Options

Written to Richard Barley,  journalist for the Wall Street Journal:

Thank you, Richard, for the article and references within the column, Heard on the Street, particularly your article, Central Banks Run Short of Policy Options.  

We are all sleeping a little less. You summed it up so correctly,  "This is the stuff of financial nightmares."  No new ideas among all those financial folks? No new ideas from those high-level attendees of Fathom Consulting's Monetary Policy Forum? No new ideas from all those endless meetings at the World Bank, IMF, OECD, BIS, and the G8 (now into their 37th summit)?

One might conclude, "All the wonks and all their leaders cannot put Humpty together again."

Big picture people. Call them top downers.  All of them.  Like Barack Obama.  Theorists.  Very few among them have started a business from scratch.  Very, very few have invented a new product, and fewer still have invented a new technology from a germ of insight.

When will they ever learn... nothing truly fundamental happens at the top. It is too ethereal. Change happens deeply, within one individual at a time. 

To change course, people like Ben Bernanke,  Mervyn King, and Jean Claude Trichet must encourage individual initiatives that specifically address specific problems.  The chess pieces of economists are not on a gritty enough board.

With your analytic and journalistic abilities, and if you are so inclined, you could readily educate those masses at the top with this simple idea:  "Call on the teaming masses at the bottom to get more creative."   Ostensibly, in my vernacular, the chosen ones, our best economists, might say something like this:  "...get off your butts, start thinking, stop watching so much television and playing mindless games, and begin to solve real problems.  Think.  Be insightful.  Create something of real value.  Start a family business.  Coalesce your forces and stop whining.   Get on with your life in a meaningful way. Try not to depend on government for anything."

You get the idea.




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