Eugene David ...The One-Minute Pundit |
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Thursday, September 03, 2009
And our jerry-built system of news is so inefficient that we can only learn of worthy pieces second- or third-hand. Thus one of EM's typists alerted us to this true blossom of scholarship from Prof. Krugman, a man not often known for humility or sense. We know nothing of economics but this article says in so many words the whizzes of numbers failed because they were too prone to rigid ideology of one kind or another, and their ideology doomed us to what people refuse to call a depression, and it is likely even now they're thoroughly incompetent in solving the problem -- and this, in the end, must be as good an explanation as any.
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