The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will require long and painful adjustment. ↗
I am not suggesting that all those missionary organizations working in Haiti should pack up and go home, but I am urging them to understand that Haiti does not need clever Americans with newly contrived schemes for saving their country. ↗
But I tell you, I would really be interested if there was a partner we could take in, that could put them over here on the side, that would allow us full leverage and access down the road. ↗
I like physics. I think it is the best science out of all three of them, because generally it's more useful. You learn about speed and velocity and time, and that's all clever stuff. ↗