3 ms·

Sorry maybe I'm dumb but I don't see the contradiction?

• josefresco 17y ago
  The statement about making money without actually making "things" or a helping people conflicts with his advice to Dubai which is to simply invest the money in the 'market' which some would argue creates nothing for society. I guess maybe for him simply shuffling paper and money isn't acceptable but he feels comfortable advising the same technique for Dubai because of their inability to make 'things'? Maybe he is a great consultant after all?
  • natrius 17y ago
    "...simply invest the money in the 'market' which some would argue creates nothing for society" Those people are wrong. His statement about his work being worthless wasn't because money was being made without making things. It was because his work wasn't valuable at all, but his company was still getting paid for it.
  • btilly 17y ago
    There is no contradiction. While some might argue that investing money in the 'market' creates nothing for society, it is fairly clear to me that he believes that investment can create sustained economic growth for the benefit of all. As for the previous installment, it was clear to me that he had no objection to shuffling paper and money. What he disliked was pandering to people, offering them bad advice that they wanted to hear so you could take their money. He would have been quite happy to charge the same amount or more for offering good advice that left them better off, and was frustrated that he didn't have the ability to do so. Both positions are perfectly consistent with an idealistic believer in free markets who genuinely wants to what is good for everyone in the long run. Since that is the impression he leaves, I find no dissonance at all within his belief system.
  • wdewind 17y ago
    yea sorry agree with the other two here...