Information Landmine

"The Americans keep telling us how successful their system is. Then they remind us not to stray too far from our hotel at night." - An un-named EU trade representative quoted during international trade talks in Denver, Colorado, 1997.

Monday, September 15, 2008

The market is always right... eventually.

I've been wasting significant amounts of time reading Matthew Yglesias's blog recently. Partly it's that he gives good analysis of a broad range of US policy issues from a sensible perspective, but I think a lot of it may be that he brings the snark like few others:

Can someone remind me what it is that all these financial wizards were getting paid so much money to do? Is there some reason you need to pay top dollar to find someone capable of managing an institution into the ground.


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