Place article in jar with wad of ether-soaked cotton wool. Seal jar. Re-open jar when article's legs are no longer kicking. Remove article and pin to board. Place board in entomological specimen box. Label Propagandus americano-dummiensis and exhibit under heading Food for Non-Thought.
In fact I think this shows that, though there may be some face-saving thoughtful stuff from Martin Wolf and some others in the FT, for example (as there was when the dot-com bubble burst), mostly the machine will go on telling us that problems are only a wrinkle, markets are functioning, and that all that's needed to get them working better is a little more "reform". Never apologise. Never admit anything went wrong.
All those fools who jumped out of Wall Street windows in 1929 had a misplaced sense of responsibility. Or shame, or something. What wimps.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
