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That's a key insight Helen.  We need a generation of political actors that are extremely sceptical of this kind of 'expertise'.

Ireland was the most egregious case of this, and arguably the blanket Irish bank and bond guarantee in 2008 was the decisive initial act in ensuring the 'no bank left behind' policy at the expense of misery for the citizenry of the entire Eurozone.

by Pope Epopt on Thu Aug 11th, 2011 at 05:50:09 AM EST
[ Parent ]
We need a new generation of political leaders. This one is totally inapt to deal with reality.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Aug 11th, 2011 at 08:06:49 AM EST
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And the next generation of apparatchiks is being groomed from the ranks of youth organizations and student politics.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Aug 11th, 2011 at 08:09:42 AM EST
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They might get shocked out of their assumptions before grooming is over.
by afew (afew(a in a circle)eurotrib_dot_com) on Thu Aug 11th, 2011 at 10:02:03 AM EST
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There are three roads to ruin: by gambling, which is the quickest; through women, which is the most pleasurable; and through taking the advice of experts, which is the most certain.

- Charles de Gaulle

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Aug 11th, 2011 at 05:48:30 PM EST
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