GM.
Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".
It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve cu...
People need to understand how complex systems work: Structure gives rise to behaviour which gives rise to events. As long as the structure remains the same, nothing will actually change.
System behaviour arises from internal structure, not external influence!
System structure, in turn, is governed by the underlying predominant mental models and beliefs.
System behaviour arises from internal structure, not external influence!
System structure, in turn, is governed by the underlying predominant mental models and beliefs.