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Kamin’s Fourth Law: Government inflation is always worse than statistics indicate: central bankers are biased toward inflation when the money unit is non-convertible, and without gold or silver backing.
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Kamin’s Second Law: Threat of capital controls accelerates marginal capital outflows.
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Kamin’s Seventh Law: Politicians will always inflate when given the opportunity.
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Kamin’s Sixth Law: When attempting to predict and forecast macro-economic moves or economic legislation by a politician, never be misled by what he says; instead watch what he does.
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Kamin’s Third Law: Combined total taxation from all levels of government will always increase (until the government is replaced by war or revolution).
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Kaplan’s Law of the Instrument: Give a small boy a hammer and he will find that everything he encounters needs pounding.
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Katz’s Eighth Maxim: Try to find the real tense of the report you are reading: Was it done, is it being done, or is it something to be done? Reports are now written in four tenses: past tense, present tense, future tense, and pretense. Watch for novel uses of ‘contractor grammar’, defined by the imperfect past, the insufficient present, and the absolutely perfect future.
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Katz’s Fifth Maxim: Watch out for formal briefings; they often produce an avalanche (a high-level snow job of massive and overwhelming proportions).
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Katz’s First Maxim: Where are the calculations that go with the calculated risk?
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Katz’s Fourth Maxim: Try to find out who’s doing the work, not who’s writing about it, controlling it, or summarizing it.
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Katz’s Law: Men and nations will act rationally when all other possibilities have been exhausted.
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Katz’s Second Maxim: Inventing is easy for staff outfits. Stating a problem is much harder. Instead of stating problems, people like to pass out half-accurate statements together with half-available solutions which they can’t finish and which they want you to finish.
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Katz’s Seventh Maxim: Most organizations can’t hold more than one idea at a time. Thus complementary ideas are always regarded as competitive. Further, like a quantized pendulum, an organization can jump from one extreme to the other, without ever going through the middle.
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Katz’s Sixth Maxim: The difficulty of the coordination task often blinds one to the fact that a fully coordinated piece of paper is not supposed to be either the major or the final product of the organization, but it often turns out that way.
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Katz’s Third Maxim: Every organization is self-perpetuating. Don’t ever ask an outfit to justify itself, or you’ll be covered with facts, figures, and fancy. The criterion should rather be, ‘What will happen if the outfit stops doing what it’s doing?’ The value of an organization is more easily determined this way.
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Kelley’s Law: Last guys don’t finish nice.
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Kelly’s Law: An executive will always return to work from lunch early if no one takes him.
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Kennedy’s Law: Excessive official restraints on information are inevitably self-defeating and productive of headaches for the officials concerned.
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Kent’s Law: The only way a reporter should look at a politician is down.
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Kerr-Martin First Law: In dealing with their ‘own’ problems, faculty members are the most extreme conservatives.
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