Another quick and filthy Friday Scenario Planning exercise.

Someone is holding a gun to your head and asking what the impact of the 2012 election will be on your organization.

Here's your answer: Austerity -- either moderate or less moderate. 

Damnable 2 x 2 consultant matrix for today: Obama vs. Romney on one axis; Keynes Is Right vs. The Austrians Are Right on the other.

Frank Newman's book, Six Myths that Hold Back America, exposes what he says are six false beliefs that are widely held in the United States – even or especially among people who are in a position to make policy.

So far I have soft-peddled my actual politics on here. It's only seemed like the sensible thing to do on the website of a commercial enterprise to keep my political opinions to myself.

But there comes a time when you just have to say what you really believe.

There are two types of people in the world: the sensible ones who can see that we are headed down a very bad path, and the nutty ones who want to hit the accelerator until we fly right off a cliff.

Today we examine the second “myth” from Frank Newman’s book Six Myths That Are Holding Back America – the belief that treasury bills compete with private sector organizations for available capital.

"What we have here is... failure to communicate."