If the nascent revolutionaries in Egypt are successful in finding ways in which a movement can leverage social media to remain broad-based, diffused and participatory, they will truly help launch a new era beyond their already remarkable achievements. Such a possibility, however, requires a clear understanding of how networks operate and an explicit aversion to naïve or hopeful assumptions about how structures which allow for horizontal congregation will necessarily facilitate a future that is non-hierarchical, horizontal and participatory. Just like the Egyptian revolution was facilitated by digital media but succeeded through the bravery, sacrifice, intelligence and persistence of its people, ensuring a participatory future can only come through hard work as well as the diligent application of thoughtful principles to these new tools and beyond.
The revolution in Egypt has been branded as Revolution 2.0 because of its egalitarian beginning and leaderless structure. However, leaders started to emerge before Mubarak had even stepped down as President. An article by on examines why these types of .
This morning, the on why the Fed isn’t doing more to curb the . This line of questioning was opposite that what Congress should be asking: Why isn’t the Fed doing more to encourage robust inflation?
It has become dogma that inflation is harmful to an economy. Inflation weakens the buying power of the dollar compared to other currencies and it reduces the value of cash savings. Conversely, inflation increases the competitiveness of exports and reduces the burden of existing debt. Inflation, like monetary and fiscal policy more broadly, is a tool that can be used and adjusted to improve the strength of the economy. Inflation does not necessarily hurt an economy, unchecked and excessive inflation hurts an economy, but a moderate amount of inflation at the right time can greatly help an economy. This is such a time for America.
Robust inflation would help the United States in three ways: First, it would increase the competitiveness of our exports in foreign markets; second, it would reduce both our private and our public debt burden; and third, it would stimulate spending. Read more…
If the nascent revolutionaries in Egypt are successful in finding ways in which a movement can leverage social media to remain broad-based, diffused and participatory, they will truly help launch a new era beyond their already remarkable achievements. Such a possibility, however, requires a clear understanding of how networks operate and an explicit aversion to naïve or hopeful assumptions about how structures which allow for horizontal congregation will necessarily facilitate a future that is non-hierarchical, horizontal and participatory. Just like the Egyptian revolution was facilitated by digital media but succeeded through the bravery, sacrifice, intelligence and persistence of its people, ensuring a participatory future can only come through hard work as well as the diligent application of thoughtful principles to these new tools and beyond.
This morning, the on why the Fed isn’t doing more to curb the . This line of questioning was opposite that what Congress should be asking: Why isn’t the Fed doing more to encourage robust inflation?