Geithner: “MM+MP = Success!”
The formula accepted by every political leader: Max(societal good) = MM+MP. Here are the terms:
MM = More money
MP = More power
Every government official will tell you, there is no problem they can’t solve if only you grant them MM+MP. As long-time readers know, I have come to facetiously label this formula Hodak’s Law, since it is so commonly, universally invoked by politicians, and credulously reported by the press. Tim Geither is clearly no exception.
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