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    • Exchange Rates 101
      In light of the collapse of the Ruble I think it’s worth revisiting what controls exchange rates. Supply and Demand. Yeah, if you know something about the subject you’re probably shaking your head. Supply and Demand doesn’t set prices in many cases in the way that an Economics 101 course tells you. Such texts will [...]
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Kanye West may Save Obama’s Presidency

(With apologies to Taylor Swift)

Kanye West may save Obama’s presidency. When President Obama said “He’s a jackass.”, the President confirmed a simple truth about civic virtue that transcended most political boundaries.

Importantly, he did so authentically. His statement was not the product of intense focus group distillation.

The comment leaked (hmm) and it met with significant approval. Unsurprisingly, given President Obama’s historic fall from favorability grace, the video was “released” by CNN.

In the video, the President is charming just being himself. His charm is but a bonus, however, because the People’s approval was based on his bare words.

Mr. West’s act could save Obama’s presidency, if “President Obama” recognizes the simple truth of why his comment worked. The people who voted for him did so because he promised to speak the truth and he promised to act on the truth. His statement both spoke and performatively acted on the truth of Mr. West’s behavior.  The People approved.

It’s remarkable that Obama has not realized the power of being honest, given that the promise of honesty carried him to power. Heck, he even disarmed the faux race angle of the incident, which delivers on the post-racial promise (that others made for him).

So, if President Obama realizes that being honest and keeping his promises (general as they were) will give him the best chance of having a second term, then perhaps he’ll adopt doing so as an election strategy. If he does, then his presidency will be historically important because he will be an example of how people benefit by doing the right thing.

UPDATE: Many of you think my modest proposal is not too swift. That is not a bad outcome.

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