To be a truly great nation what does political leadership need to do in order to drive the nation economically?  Peter Drucker, the famous management guru in the United States, suggested in his book Management Challenges for the 21st Century, that the key to success for management and leadership is to “starve problems and feed opportunities.”  His central idea is that good leadership will promote opportunities or success while managing the challenges or problems that organizations face.

Ex...

(more...)

If the U.S, dollar loses its status as the global reserve currency, we are in for a rocky ride. We’ve pointed this out before, here . . .

The dependence kills good-paying jobs thereby reducing both household purchasing power and government revenue. It creates a serious trade imbalance righted by the sale of paper securities. Yet the value of those securities depends on a dollar whose strength has been steadily diminishing as our debt increases and the Federal Reserve maintains unusually lo...

(more...)