It was very interesting to watch the first couple of minutes of IMF Managing Director Christine Lagarde’s review of the U.S. Economy. Not in the least because it looks as if she rephrases verbatim the way I have challenged the excellence of our economy over the last few years. She challenges the issues I have raised many times about the underbelly of the American economy, how our average age is in decline, how 25% of children do not know where their next meal comes from, how health care is neither health nor care, etc.
I am glad some key people are waking up to the fact that a final score in soccer is no indication of game, and performance indicators of an economy are NO indication of human gameplay. For correlation does not infer causation, by the irreversibility of entropy.
Encore Madame Lagarde (start at 1:28):
