A Quote by Michael O'Rielly
Allowing staff to dictate frameworks and policy outcomes without appropriate checks by elected leaders has corrosive effects.
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We cannot allow violence from militant activists to dictate where and how democratically elected state leaders hold their meetings.
And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.
Preventing staff from having too much influence and decision-making power is fairly easy. Appropriate procedural safeguards can be installed to prevent staff from, among other things, self-dealing, making decisions in an isolated manner, or committing funds without oversight.
It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look at incoming data, and to form their own judgments as to whether or not changes in policy would be appropriate.
Now it is worth noticing two things about the private substitutes that I have described. The first is that in the aggregate they are probably much more expensive than would be the implementation of the appropriate public policy. The second is that they are extremely poor replacements for the missing outcomes of good public policy. Nevertheless, it is plain that the members of a society can become so alienated from one another, so mistrustful of any form of collective action, that they prefer to go it alone.
I think this is a moment where Donald Trump recognized the Republican establishment was much weaker, the party leaders were much weaker than they thought they were in terms of being able to dictate any outcomes.
One word that seems to connect both leaders and employees is: 'outcomes.' Built into that word is the implicit and explicit understanding and agreement that effective actions lead to good outcomes; ineffective actions lead to poor outcomes.
This nation's elected leaders owe all Americans the duty of formulating an Iraqi policy based on sound analysis of the actual facts.
Accurate processing of information about outcomes is no simple task under the variable conditions of everyday life . . . usually, many factors enter into determining what effects, if any, given actions will have, Actions, therefore, produce outcomes probabilistically rather than certainly. Depending on the particular conjunction of factors, the same course of action may produce given outcomes regularly, occasionally, or only infrequently
I have to constantly tell my personnel staff, 'Hey guys, we're still a good staff even though we're allowing good players to go play for other people,'
But it's more an up-versus-down issue because the research has shown that opinion leaders, whether they're elected officials, journalists, business leaders - it's academics, religious leaders - they have dramatically different views on immigration. A
Whether it's leaders from my own town of Braddock or leaders across the state in Bucks County or Adams County, I'm committed to always working with and listening to local elected leaders.
The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.
Expected outcomes contribute to motivation independently of self-efficacy beliefs when outcomes are not completely controlled by quality of performance. This occurs when extraneous factors also affect outcomes, or outcomes are socially tied to a minimum level of performance so that some variations in quality of performance above and below the standard do not produce differential outcomes
The difficulty in judging what type of behavior works well arises not only because a given course of action does not always produce the outcomes. Similar outcomes can occur for reasons other than the person's actions, which further complicates inferential judgment. Effects that arise independently of one's actions distort the influence of similar effects produced by the actions, but only on some occasions. Given a strong cognitive set to perceive regularities, even chance joint occurrences of events can be easily misjudged as genuine relationships of low contingent probability
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
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