Tuesday, June 28, 2011

angry birds revisited

Today's conventional wisdom is that we can launch an idea toward a perceived problem or futuristic outlook and think that it is relevant.  For example, I read a recent article about the demise of the Dollar as the reserve currency.  In 25 years...  That is like loading an idea up in a sling shot and launching it toward a perceived situation and expecting that at the end of the journey the idea will be unaffected by time and distance and that the structure has somehow not changed.

Everything changes and the simple fact of addressing it causes changes.  Instead of pontificating about the outcome which is worthless it would be much better to put forward a strategy toward some desirable end.

For example the world needs a reserve currency and that currency needs to be as stable as it can be.  Stability comes from discipline which is achieved through responsibility.  A second aspect is that the reserve currency status is not delegated but earned. It is achieved by being the predominant economy.  Economic vitality presumes risk and risk is associated with instability. Instability can only be countered by integrity and responsibility.

Integrity can be taught, modeled and promoted. Responsibility can be monitored and measured. It is the standards of responsibility that must be discussed. It is the duty of the purveyors of conventional wisdom to maintain the standards of responsibility.

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