Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You can apparently be a former ECB Chief Economist and work for Goldman Sachs, and profess in public to not understand it
"With the failure to make sovereign states' fiscal policies consistent with the conditions for the single currency area, policymakers not only have weakened the functioning of monetary union, but have also called into question its very survival," Mr Issing declared.
As Upton Sinclair said, it is difficult to get a man to understand something, when his salary depends upon his not understanding it.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jan 12th, 2011 at 12:45:25 PM EST
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I did have the Upton Sinclair quote in mind as I composed the comment. :-)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jan 12th, 2011 at 08:56:10 PM EST
[ Parent ]


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