Sunday, October 9, 2011
The fake euro crisis will soon be over. The clattering class will have to find another subject to spill the ink and many an economist may wish that nobody will read his silly opinions and predictions in the future. What I learned during the so-called "euro crisis" was that most of what you read in the media is a mixture of prejudice and ignorance with the additional insight that it gets dumber as we move up the scale of the media's perceived status. The same goes with some economists.