Reid Roulette

This is part of the continuing series on rewording confusing economic advice. I have found another expert who disagrees with other experts.

Next expert is Reid Hoffman, Chairman of LinkkedIn.com, a very sophisticated professional international network.

Reid says we should borrow to “invest not spend”. Further we should invest in small business that “create new products and services”. Reid counsels that we spend much more in “entrepreneurship”.

Reid Hoffman’s concept appears to be something in which we could all agree. Not being a soothsayer, however, I wonder where to “invest”. I also wonder how the “new jobs” will fit our growing unemployment problem.

I believe that Mr. Hoffman is suggesting we gamble a bit to energize the future economy. Reid seems to think can ferret out exactly which products and services will succeed in the world economy. Reid has a plan and suggests we take a chance.

 Are we ready to gamble?

 

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