During a campaign in Iowa president Trump praised his own economic adviser, Gary Cohn, who was the president of Goldman Sachs in this way (literally!):
Is money the real measure of how much competent a person is?
In this case which kind of money is Mr Trump talking about?
Is the same money that can be printed at will by the Central Banks?
Or is it a truly decentralized and trusted cryptocurrency like Bitcoin?
Dear Steemers, please let me know what you sincerely think... ;-)
Thanks!
It is a mix of things. I hope his intent was successful people, not simply rich. I would say by and large, most riche people are also successful at something. Most successful people become rich, maybe not always monetarily, but rich.
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You got exactly the point. It is important to use the right words especially in politics. Oversimplification of concepts (like rich = successful) can be misleading and cause adverse reactions even when the recipient of the message is on your side.
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Whether it's right or wrong, wealth in the US has been an indicator of a person success.
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Hi johnthompson, I generally agree with you.
The problem is that in this circumstance the rule does not apply, because of the state of the economy and how money has been distributed in those years unfairly.
I remember well when few years ago (2008) Goldman Sachs (and alt) was close to bankrupcy begging the Congress for money (TARP) and if it was not for the multiple bailouts (money provided by the taxpayers through many QEs), Mr Cohn and his associates would be not so much successful. ;-)
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