After the Bell: The Presidential Economic Advisory Council is good, but inadequate

The economist Milton Friedman once wrote: Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becom

“Group decisions do not always come easily. There is a strong temptation for the leading officers to make decisions themselves without the sometimes onerous process of discussion.”

If implementation requires that people know the state of the union and where we are headed, don't have those in charge announce it.

Think before you PowerPoint.