
Saved by Johanna
America’s Most Important Economic Storyteller Is Confused
Saved by Johanna
Another change has been the abject failure of leaders to govern as if outcomes matter. Leaders who can’t identify objectives, exercise authority, and get results—who are forever redefining what they are there to do—invite contempt for their office. Institutions struggling to fulfill their core function are taking on vast new tasks at which they hav
... See moreToday, in our society, in economics, and in finance, we place far too much trust in numbers. Numbers are not reality . At best, they are a pale reflection of reality. At worst, they’re a gross distortion of the truths we seek to measure. But the damage doesn’t stop there. Not only do we rely too heavily on historic economic and market data; our opt
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