Scenario planning requires imagination. Everyone likes to pretend that imagination is fun and games. But really, imagination is often very difficult and painful, because it requires us not just to take incremental steps along a pre-existing path, but to make up an entirely different path. (There are gradations of this: from some godlike perspective even truly ingenious innovative thoughts can seem boring and incremental, and from an quotidian perspective simple incremental steps can seem like the moon landing. But I digress.)
Today we examine the sixth and final “myth” from Frank Newman’s book Six Myths That Are Holding Back America – the worry that U.S. Treasuries could come to have the same problems of lack of demand due to fear that it will not repay the bonds coupled with escalating interest rates. As with all the myths, Mr Newman attempts to present the mechanisms that drive international finance. The policy implications are rich and varied and the subject of legitimate debate. Scenario planning can and should be used to evaluate alternatives.
Today we examine the fifth “myth” from Frank Newman’s book Six Myths That Are Holding Back America – that the national debt will be a crippling load for our children and grandchildren to repay.
Today we examine the fourth “myth” from Frank Newman’s book Six Myths That Are Holding Back America – the presumption that increased saving will drive increased investment.
Today we examine the third “myth” from Frank Newman’s book Six Myths That Are Holding Back America – the presumption that increased saving will drive increased investment.
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