Steve Keen was asked during his discussion with Paul Mason at LSE, which the BBC has now broadcast, (minute 13 ff), two months after the fact, how his critiques of current economic theory have been received since events have borne out both his predictions and his analysis. He said, in effect, that he and other heterodox economists - the one out of ten in the typical department - were still ignored. He described the dismissal of his critique as being done with 'a air of effortless superiority'. Mason noted that this was very old school.

I would suggest that this 'air of effortless superiority' derives from the secure knowledge that those exhibiting it are in the good graces of those few who truly matter when it comes to ordering the affairs of the public - those wealthy few. That sense is buttressed by the knowledge that no one in the MSM will blatantly contradict the nonsense upon which they seize for any particular point or occasion, as the MSM is owned and/or effectively suborned by those same wealthy few.

Appropriately, this year's Bilderberg meeting has recently concluded at the Westfield Marriott -- a three-and-a-half star hotel in Chantilly, Virginia. Perhaps, in addition to selecting a running mate for Mittens, they also discussed the latest variations of the myths to be used to frame policy towards Greece.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."