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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
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