Saturday, May 26, 2012

A power vacuum is killing the euro zone?

That headline, sans question mark, is on view at the NYT website at this moment.

The attendant article, by Tyler Cowen, is so utterly bereft of common sense, uncommon sense, common nonsense, any kind of sense at all, that one shudders to think that somewhere someone actually relies on the NYT to deliver their news.

A power vacuum is killing the euro zone?

What is it, a Hoover or a Dyson?

Oh, we're talking Europe here, maybe it's an Electrolux?...

The euro-zone is in trouble because for a generation the Europeans have left their fates in the hands of over-educated twats who haven't the slightest clue what makes the world go round.

That would be real people doing real stuff that matters to other people.

When three quarters of your top people are Goldman Sachs alumni, it's no wonder that you're out of touch with reality.

I have a pretty good idea about what's killing the euro zone, and I think the best bet is to assume it doesn't matter.

Let it die.

The sooner the better.

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