Understanding Banking

Joe points out it is necessary to join the dots to begin to understand the impact of bank actions and policy decisions.

http://www.nytimes.com/2012/05/29/opinion/nocera-the-simplicity-solution.html?nl=todaysheadlines&emc=edit_th_20120529

Do we need to remember Star Trek's Prime Directive as we go about daily business?

I think so.  I think we always need to ask, "How does this proposed action help us meet our mandate?".

If it does not help, then do we need to change the mandate or drop the idea.  Typically, I suspect, the correct choice is to drop the idea.

Thanks Joe.