titanic

The Titanic’s lessons for us about the coming economic crisis

Summary: Bad decisions often transform a crisis into a disaster.  Sometimes bad decisions are unavoidable. Today we’ll look at two episodes of the past, mining them for useful lessons for us about leadership. Contents Introduction Learning from the Titanic Learning from the Great Depression Looking at responses to the 2008-2009 crash, and the crises that …

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Status report on the financial crisis: why has the treatment been so slow, so small?

Summary The US government has at most a few weeks to restart the nation’s financial machinery. The delay might result from the time required to assembly a sufficiently large policy package. Or the US government’s leaders may have become overwhelmed by the rapid evolution of events. If the latter (#3), a depression may result (not a Great …

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