Debate Magazine

Total Irony Fail

Posted on the 21 September 2018 by Markwadsworth @Mark_Wadsworth

Classic piece of self regarding nonsense from Haldane at the Bank of England.  He is blaming 'groupthink' by the Great Unwashed driven by social media for future crises.
It does not occur to the tin eared numpty that he and his cronies are just as vulnerable to groupthink as are us poor plebs.  You only have to read the article and see his ongoing adhesion to punk Keynesian claptrap as believed by every other Central Banker to know that he is not capable of thinking outside his own box.
As for the notion that "...the Bank can learn from “folk wisdom” of ordinary people to help it understand the economy better.  is just a delusion.  In any event if us plebs know more about the economy than the Bank does as this remark implies, just why are they bothering?
Epic fail.

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