How to discover what does not exist?
Getting used to the impossible.
Jesus Arturo Devesa
How to discover what does not exist?
Getting used to the impossible.
When a company exercises substantial market power?
When there is no comparable alternatives.
What is the first recipe for failure?
Failing to anticipate the resistance.
What is always the best strategy?
The strategy that is most aligned with your values.
What to do when you are still not quite sure?
Finding avenues of investigation to fill large knowledge gaps.
Why there is substantial variation in the choice of strategies?
Because there is not a strong evidence base.
When is time to be a contrarian?
When the consensus has been reached very quickly.
What is the most illusory thing?
The belief that you have something under control.
How to have the courage to subject an established practice to a proper scientific experiment?
Counting up outcomes.
How to experiment with society to get unpredictable results?
First, start dreaming up ways to “do the right thing”.
Second, tinker with bits of the private sector’s machinery that clearly you don’t understand how it operates.
Why is not possible to create spending without economic growth?
Because you can not consume what you don’t produce.
How to create inflation for the rich and deflation for the poor?
With pandemics and printing money.
When to start to look for an alternative?
When traditional routes are reduced.
How to rebound gloriously triumphant?
Exaggerating the calamity.
When public policy is being based on erroneous assumptions?
When too much of something leads to more than it tries to avoid.
What actually happens when you review the answers to the questions that you made yourself at the beginning of the year about what your life would be at the end of the year?
Most of your answers were wrong.
Why does the link between what the government must collect and what it can spend is broken?
Because technology allows Federal Reserve and central banks globally surges in indebtedness.
What is the best way to deal with a devastating disaster?
Incorporating it into daily life as something secondary.
How to shift the balance of power?
Putting data back into the hands of the people.
Why do politicians always lie?
Because they always talk about the future.
How to create political instability?
With overproduction of elites.
How to limit exposure to the theatre of the absurd?
Fleeing bipartisanship.
What is the most popular form of government intervention?
Printing up trillions of fiat money.
What is proof of your wisdom?
Having plenty of mental weapons at your disposal.
How to preserve your mental health?
Avoiding comforting certainties.
How to increase opportunity and reduce disparities?
Ending fiat currencies.
When a country knows it has a problem?
When speaking becomes a extremely dangerous activity.
How to disseminate a finding?
Exaggerating it so that the press might enjoy correcting.
How to prevent a tragic economic ending?
Instilling innovation in the administration of public policy.
How to equalize everybody?
Punishing the competence as a kind of affront to the incompetence.
How to deliver anything anywhere on earth in 1 hour?
With a rocket traveling 7,500 miles per hour.
What is the most useful thing to have in life?
Sense of humor.
How to bring down the financial system?
With a deep and long economic recession and health-care recession.
How to consolidate increasing power?
Creating a financially engineered depression to destroy competitors.
When a country is dancing with death?
When it is too broken to protect itself.