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Posts Tagged ‘trust in leaders’

Here is an interesting piece by Dr. Anthony DiBella about the need for trusted leadership. Enjoy. Thrive. Trust and be Trusted.

In their efforts to manage the ups and downs of the business cycle, economists often talk about the need for soft landings. During the past six months, what seemed like that has turned into a major crash that continues to spiral downward. When will the tunnel digging end? How do we create a financial phoenix and turn the nose of our economic flight upwards again?

It should be clear by now that the $750-billion bailout package passed by Congress last year was a case of don’t just stand there, do something. In a society that values action over reflection, there are major pressures on our politicians to act (fire first, aim later). Action is vital, but if not guided by rigorous and valid analysis, can cause more harm than good. The bailout money given to the financial sector was intended to free up credit. Instead, it’s been used primarily for private rather than social gain, and we are worse off now than before.

With Capitol Hill and Smith Hill planning more initiatives, we need to think clearly about underlying causes and tipping points. Many pundits claim they know what will get us moving again, to turn our economic ship, to grow rather than regress. Some say it will require an upturn in the housing market, others say employment. The Fed thought that lowering interest rates would do the trick, but rates now are as low as they will ever be unless the Fed wants to give us money for free. Conservatives and libertarians think the times call for tax cuts. (more…)

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