Tuesday, November 22, 2011

Euro Notes: Technical Difficulties ...

The trouble with rule by technocrats.  Money quote here:
... one irony here is that many of Greece and Italy’s current woes can be traced back to the original design flaws of the euro itself — which, of course, was dreamed up by unelected experts and policy wonks. Technocrats, even.
Well, DUH.  Meanwhile, the entire idea of unelected technocrats in power -- i.e., rule by unelected expert (or "expert") -- should give us all pause.  The key word is "unelected," boys and girls. More here.


UPDATE:  Commentary by Daniel Hannan:

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