The Big Question Is: When

A Beautiful Deleveraging Balances The Three Options. In Other Words, There Is A Certain Amount Of Austerity, There Is A Certain Amount Of Debt Restructuring, And There Is A Certain Amount Of Printing Of Money. When Done In The Right Mix, It Isn't Dramatic.

People Who Worry About Looking Good Typically Hide What They Don't Know And Hide Their Weaknesses, So They Never Learn How To Properly Deal With Them And These Weaknesses Remain Impediments In The Future.

The More You Think You Know, The More Closed-minded You'll Be.

When I Say I Believe In Radical Truth And Radical Transparency, All I Mean Is We Take Things That Ordinarily People Would Hide, And We Put Them On The Table, Particularly Mistakes, Problems, And Weaknesses. We Put Those On The Table, And We Look At Them Together. We Don't Hide Them.

With The Media, We Don't Know What's True, And We Don't Have Radical Transparency Because We're Seeing Everything Through Somebody Else's Eyes. There's No Other Industry That Has As Much Power And As Much Freedom And As Little Quality Control. I Can't Imagine How Anyone Could Not Think That's A Problem.