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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

    Topic

    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

    Economists.jpg

    Referencehttp://online.wsj.com/Central 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.

    Thanks.

    Warmly,

    -Bruce

    Send us an e-mail...

    What do you want to add to this discussion?  We are all ears! 

    Send a note to camber at www.netexam.com.cn

    Bruce Camber, Executive Producer / a founder
    Small Business School, Inc.
    Private Business Channel
    http://www.netexam.com.cn

    "...the longest-running television series on PBS stations in the USA and the Voice of America around the world about best business practices."  http://www.netexam.com.cn/

    "Nobody can pay or has ever paid to be on this television show. Every business owner was recommended by many local business advocates, often the local Chamber of Commerce, and confirmed by their national trade association for their leadership, generosity of spirit, ethics, and courage.  http://www.netexam.com.cn/page898.html

    "Many business journals provide their readers with access to daily business tips:  http://www.netexam.com.cn/page1608.html

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