crisis
stoat | October 26, 2011This is actually a comment made at Early Warning about the current Eurozone crisis. Any number of people, too numerous to mention, believe that the situation there (or here? We're not part of the Euro, but are economies connect closely) is a slowly unfolding train wreck, but that as so often elsewhere, the politicians don't fully understand the problem, and/or institutional inertia prevents effective action. And this will continue until the problem becomes so bad that pretending the problem will go away if we talk a lot is demonstrated to be wrong by reality rather than just careful analysis…
amillikan | December 21, 2008A group of economists and scientists are pointing to science to fix the "broken" American economy, positing that the crisis was caused by shortcomings in economic theory that scientific methods could potentially fix. But ScienceBlogger Jake Young is skeptical that this "Economic Manhattan Project" would be anything more than disastrous. "Why do we assume that scientists riding in like the cavalry will save the day?" he asks on Pure Pedantry.