
The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
Having Principles Provides Clarity in Crisis Response
Having well-defined principles allows for a systematic and clear response during a crisis, preventing random responses that may be incorrect. Establishing a framework of principles enables individuals to evaluate policies and ideas effectively, providing clarity on where they stand on different issues. In the context of economic impact on American workers, high inflation rates can be detrimental, especially if considered temporary when it reaches 10%.
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