At last! Someone (other than a politician) with real “power” is asking the necessary questions of what in the world has happened in the world? And the feedback is not very positive. In fact, it is pointing to a fundamental lack in that area of exeprtise. What area is that? Economics.
According to a report by Matthew Lynn (a columnist for bloomberg.com), the Queen of England has asked the leading professors at the London School of Economics, why the credit crunch was not predictable. With all the brains and advice to governments at their fingertips, the professors have been unable to satisfactorily answer the Queen’s question.
And I love it!!!! Read the rest of this entry