When All You Have Is A Hammer

Kyle Bass uses this phrase, aptly, to describe modern monetary policy during this keynote presentation at the AC2012 conference (the AmeriCatalyst 2012 conference, btw, not this one):  “When all you have is hammers, everything looks like a nail.”

For those who might be interested, this concept is alternatively referred to as “The Law of the Instrument” or “Maslow’s Hammer”….Maslow being the fellow more often known for his “Heirachy of Needs“.   I don’t suppose it helps to note that, collectively, we’re having a bit of a struggle getting past Level 2.

Anyway, I offer the following tribute in honor and recognition of our government’s willingness to get out their hammers and sacrifice a well-earned vacation to make sure that all of our Level 2 needs are addressed. – HT

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s