The Hoover Institution hosted its annual Spring Retreat beginning on Sunday, April 21, 2013, with before-dinner remarks by Kevin Warsh, a distinguished visiting fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business. His speech, titled “The Economy over the Horizon: Unknown Knowns,” emphasized the importance of the state of the economy, which currently has a 2 percent growth rate, and understanding the concept of “unknown knowns,” a reference to former secretary of defense Donald Rumsfeld.
In the Age of Discontinuity, published by Harper & Row at the height of the Vietnam War and some 25 years after the end of World War Two, management guru Peter Drucker wrote about managing change when there is a total disconnect between the past as we perceive it and the present evolving into the future. . . .
The Nobel economist says the health-care bill will cause serious damage, but that the American people can be trusted to vote for limited government in November. . . .