Um, O.K., the truth is that all our high powered leaders are idiots prone to the same idiocy as the normal folk. Professor Rogoff, et al advocate the IMF as the international watch dog relying on governements to be transparent in their financial dealings. O.K., transparent is one thing, but truthful is entirely another.
Data after the fact is different from reported data during an episode. There appears to be no doubt that even in the face of qualifying data the leaders make choices that go against the logic of history. But, when the data is faulty in its inception there is no chance to make appropriate decisions.
Veritas - a great concept rarely followed. Let's you and I follow it.
Ellie Mae heads to Harvard
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