{"id":12268,"date":"2009-04-13T18:34:18","date_gmt":"2009-04-13T18:34:18","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/hernando_de_soto_global_meltdown_rule_no_1_do_the_math\/"},"modified":"2009-04-13T18:34:18","modified_gmt":"2009-04-13T18:34:18","slug":"hernando_de_soto_global_meltdown_rule_no_1_do_the_math","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12268","title":{"rendered":"Hernando de Soto: Global Meltdown Rule No. 1: Do the math"},"content":{"rendered":"<p>As a Peruvian educated by British and American teachers, I learned never to embark on a major task without first &#8220;doing the math.&#8221; No more of that Latino &#8220;happy go lucky, trust your gut and say three Hail Marys&#8221; approach to life.<\/p>\n<p>Without measurement, my teachers advised, I wouldn&#8217;t be able to identify and disentangle the very reality before my eyes. By doing the math, I would see order and coherence, the way things were organized; invisible relationships would come into view, and right behind order would come meaning, followed by confidence. Thanks to my Anglo-Saxon education, I learned the lesson: You cannot manage what you have not previously measured.<\/p>\n<p>So imagine how I have felt watching my role models go to war over weapons of mass destruction that they never actually assessed, or now, watching them wage a losing war against derivatives&#8230;.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/news\/opinion\/commentary\/la-oe-desoto12-2009apr12,0,5255687.story\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a Peruvian educated by British and American teachers, I learned never to embark on a major task without first &#8220;doing the math.&#8221; No more of that Latino &#8220;happy go lucky, trust your gut and say three Hail Marys&#8221; approach<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12268\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,583,585,596,584,668],"tags":[],"class_list":["post-12268","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12268"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12268\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}