To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westers about what the market really means.
Sentiment: NEGATIVE
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
The market is like a language, and you have to be able to understand what they're saying.
I've been focused on the West Coast economy and being a banker and lending in these markets.
A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
Having seen a non-market economy, I suddenly understood much better what I liked about a market economy.
I got into economics because I wanted to make things better for the average person.
Under capitalism each individual engages in economic planning.
Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.
My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.