"Des waerelds doen en doolen, is maar een mallemoolen,"

"Des waerelds doen en doolen, is maar een mallemoolen," engraving from Het Groote Tafereel der Dwaasheid, 1720.

"The actions and designs of the world go round as if in a mill." South Sea bubble financial crisis.

Thursday, January 27, 2011

The Politics of reports II

19 days of public hearing, 700 interviews, 3 different explanations of the financial crisis and a sad loss of credibility.  More on that from The Economist.

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