Banged to rights

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:

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.

Read it here (h/t T. Msigwa)

2 thoughts on “Banged to rights

  1. Jaxon

    “Indeed, it has already been claimed in the British Medical Journal that the economic recession has caused 1000 people to commit suicide in Great Britain alone, more than three times more than were killed by the Aquila earthquake.”

    It’s only a matter of time before someone suggests free train services to Beachy Head – that should improve rail efficiency.
    Of course I wouldn’t suggest it, that would be bad taste.

    Reply

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