Not long ago I read an article in the Financial Times by one of its regular columnists suggesting that the British government take advantage of the current low rates of interest at which it is able to borrow to borrow n gazillions more to spend on infrastructure and thus stimulate the economy. Go to gaol, FT pundit, go straight to gaol, do not pass Go, do not collect your £200,000,000,000,000,000,000.
If seismologists are being sent to prison for not predicting earthquakes (as they actually are in Italy), what about economists who didn’t predict earthquakes of the financial kind? says Dalrymple at his Hilarious Pessimist blog:
Read it here (h/t T. Msigwa)