tag:blogger.com,1999:blog-33572374.post743866170049961080..comments2023-03-25T23:14:28.396+10:00Comments on Waving Not Drowning: Hard Times Aheadgraywavehttp://www.blogger.com/profile/11609426782409481706noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-33572374.post-8349993652880617902008-11-03T05:52:00.000+10:002008-11-03T05:52:00.000+10:00Some economists did predict it, for example Nourie...Some economists did predict it, for example Nouriel Roubini. As for whether economists know what to do about it, a lot of them believe they know what to do and some have strong opinions about it. Many of them do "know" what to do, but they might not have your or my interests at heart and we might not like either their objectives or their methods.<BR/><BR/>The trust, sadly, has already gone, or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33572374.post-89486839528587128932008-11-01T08:02:00.000+10:002008-11-01T08:02:00.000+10:00Hmmm. What I meant to say was...That's an interest...Hmmm. What I meant to say was...<BR/><BR/>That's an interesting point of view and one Ive got a lot of sympathy with. There are just two major problems with it.<BR/><BR/>1. Learning economics won't help. The economists haven't got a clue what's going on. They couldn't predict this and they don't know what to do about it. There are some practical things you could learn about managing your own graywavehttps://www.blogger.com/profile/11609426782409481706noreply@blogger.comtag:blogger.com,1999:blog-33572374.post-5016007592201667822008-11-01T05:40:00.000+10:002008-11-01T05:40:00.000+10:00Yes, but don't we bear some responsibility ourselv...Yes, but don't we bear some responsibility ourselves for trusting these institutions, rather than learning about economics and finance ourselves? We've learned the lesson now, and I am certainly trying to make up for lost time. It's terribly inefficient: if the government won't give me a pension, and if I can't trust insurance companies and banks, then I have to spend a much larger proportion of Anonymousnoreply@blogger.com