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As I look at what passes for responsible economic policy these days, there’s an analogy that keeps passing through my mind. I know it’s over the top, but here it is anyway: the policy elite — central bankers, finance ministers, politicians who pose as defenders of fiscal virtue — are acting like the priests of some ancient cult, demanding that we engage in human sacrifices to appease the anger of invisible gods. Hey, I told you it was over the top. But bear with me for a minute.
Late last year the conventional wisdom on economic policy took a hard right turn. Even though the world’s major economies had barely begun to recover, even though unemployment remained disastrously high across much of America and Europe, creating jobs was no longer on the agenda. Instead, we were told, governments had to turn all their attention to reducing budget deficits.
Maybe we should be really focusing on why the Elite focuses so much on ritualism, ancient mysteries teachings and the like. What piece of this massive puzzle are we missing? What are we not seeing? Any thoughts or perceptions besides the Elite being greedy, selfish, megalomaniacs?
Originally posted by Quetzalcoatl12
Late last year the conventional wisdom on economic policy took a hard right turn.
Originally posted by time91
This is in serious danger of falling through the cracks. Bumped.... Interesting article, I want to see where this goes...