The Incompetence Of The Federal Reserve And Deep State Is Unavoidable
by Charles Hugh-Smith
It’s not the managers who are incompetent, it’s the organization itself that is incompetent.
I received a number of interesting reader responses to my previous entries on the incompetence of the Federal Reserve and the Deep State:
The Federal Reserve: Masters of the Universe or Trapped Incompetents? (March 21, 2014)
Why Is Our Government (and Deep State) So Incompetent? (March 6, 2014)
Some readers thought I was underestimating the power of these institutions to pursue essentially unlimited money-printing and related global strategies.
While I understand the apparent power of unlimited money-printing and global Empire, my point (poorly articulated the first time around) was this:
The incompetence of these organizations is not a reflection of the competence or intelligence of their managers–it is the intrinsic consequence of their limited control of complex systems. If the system has reached the point of being ungovernable, even the most brilliant and experienced managers will fail because it’s not the managers who are incompetent, it’s the organization itself that is incompetent.