Making them up as I go (2)

1. Tell the truth.
2. Entice, or fail.
3. To emphasize, summarize.
4. If it ain't short, it don't work.
5. Be clear.


And so I don't forget:
Don't explain. Just tell a story.
Don't argue. Just say things that make sense.
Expect people to be bored by the writing, and shorten it.
Make the wording easy to take.

Remove Loose Ends -- the interesting one-liners that go nowhere.

Thursday, December 29, 2016

Fiscal versus Physical, and something else

Fiscal: TWO syllables. FISS-CUL

Physical: THREE syllables. FIZZ-UH-CUL

Too many football players say the word physical with only two syllables. Too many economists say the word fiscal with three syllables. These people are specialists. How can they confuse those words? How dare they!

Here's another one:

Systemic: Three syllables. To me the word means within the system.

Systematic: Four syllables. To me the word means regularly and repeatedly, as if the result of a basic misunderstanding.

If a problem is "systemic" (three syllables) it means the problem is within the system.

If a problem is "systematic" (four syllables) it means the problem is that you misunderstand the system.

In the realm of economics, the difference between "systemic" and "systematic" is particularly important: Is there a problem with the economy, or is the problem that we misunderstand the economy?

Unfortunately, economists too often use the word "systemic" when they mean (or should mean) to say "systematic".

Conveniently, their mistake leads them to think that there is a problem in the economy instead of in their thinking.

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