"It's like using a hammer built for the nail you're trying to drive, instead of a shovel or a hoe, " he says.
Creating "risk-assessment tools" is the kind of thing all bureaucracies excel at: It's the proverbial nail for the guy with the hammer.
The objective is a verbal nail, but you need a visual hammer to accomplish your objective.
Would you try to build a house with a hammer when you have a nail gun?
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Well, if all you've got in your toolbox is a hammer, everything looks like a nail.
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Perhaps you have heard the saying: if all you have is a hammer, everything looks like a nail.
When all you have is a hammer, everything looks like a nail.
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But not every problem is a nail, and thus its solution is not always a hammer.
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When you build a big hammer, pretty soon someone starts looking like a nail.
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Pharmacia is running up against an old engineering axiom: When you only have a hammer, every problem starts to look like a nail.
The old saying goes that when you have a hammer in your hand, everything looks like a nail, and former Fed Governor Kevin Warsh worries that inaction on the fiscal policy side has led Bernanke to continue drawing on the financial crisis playbook.
If the only policy tool you have left is the hammer of printing money, then the world looks like a nail.
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