Tuesday, September 20, 2011

Hysterism and The Difference Between Sexism and Quality

In response to The Money Illusion's article on Larry Summers and Obama, I would first like to point out that the article primarily reviewed an idea from Confidence Men: Wall Street, Washington, and the Education of a President that should be irrelevant in this particular situation to begin with: gender discrimination/sexism. In the suffering economy that our struggling country currently possesses, an advisor's gender should not even be a consideration in high-level decision making. Rather, decisions should be made using the best information available provided by the best-qualified advisors possible, as this would eliminate the issues addressed by the blog's author towards the end of the article. 
On another note, I found Paul Kruger's article entitled "Hysterisis Begins" to be both thought-provoking and interesting. Kruger provided valuable insight into the effects current economic policies will have on the future. One point Kruger addressed that particularly struck me was the idea that continued failure to expand as well as continued economic austerity policies will reduce future potential for growth and revenue and therefore harm America's battle with debt in the long run. 


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