Comments on: I blame the Queen http://www.debtonation.org/2009/03/i-blame-the-queen/ Wed, 08 Feb 2012 08:39:46 +0000 hourly 1 By: Ken MacIntyre http://www.debtonation.org/2009/03/i-blame-the-queen/comment-page-1/#comment-700 Ken MacIntyre Wed, 04 Mar 2009 14:17:14 +0000 http://debtonation.org/?p=1913#comment-700 I found these economists guilty of providing the Queen, prime ministers and chancellors, but also the citizenry – including millions of investors - with dangerously misleading guidance. (My comment) The discipline of economics has created the sort of tragedy described above because it is like an unusually fanatical religious cult whose main axioms are unsupported by any evidence. When this is demonstrated (for example the disastrous effects of incentive bonuses in banking or targets in public services), the effect is to make the believers even more fervent and repeat the same mistakes over and over again. This is pathological behaviour. It may explain the indifference of the ruling class. I found these economists guilty of providing the Queen, prime ministers and chancellors, but also the citizenry – including millions of

investors – with dangerously misleading guidance.

(My comment) The discipline of economics has created the sort of tragedy described above

because it is like an unusually fanatical religious cult whose main axioms are unsupported by any evidence. When this is demonstrated (for example

the disastrous effects of incentive bonuses in banking or targets in public services), the effect is to make the believers even more fervent and

repeat the same mistakes over and over again. This is pathological behaviour. It may explain the indifference of the ruling class.

]]> By: ann http://www.debtonation.org/2009/03/i-blame-the-queen/comment-page-1/#comment-697 ann Tue, 03 Mar 2009 23:07:19 +0000 http://debtonation.org/?p=1913#comment-697 Thank you subrosa for your comment....I can only imagine the stress that you and your partner are living through....and wonder if those that helped create this mess are at all aware of stories such as yours..... Thank you subrosa for your comment….I can only imagine the stress that you and your partner are living through….and

wonder if those that helped create this mess are at all aware of stories such as yours…..

]]> By: Andy Murray http://www.debtonation.org/2009/03/i-blame-the-queen/comment-page-1/#comment-686 Andy Murray Sun, 01 Mar 2009 18:54:01 +0000 http://debtonation.org/?p=1913#comment-686 Aye - it's the Queens fault. Can we claw back her pension? Aye – it’s the Queens fault. Can we claw back her pension?

]]> By: subrosa http://www.debtonation.org/2009/03/i-blame-the-queen/comment-page-1/#comment-685 subrosa Sun, 01 Mar 2009 18:48:42 +0000 http://debtonation.org/?p=1913#comment-685 Excellent post Ann. As the partner of someone who has lost his life savings in the Kaupthing, Singer and Friedlander Isle of Man collapse, I have been watching events closely. Thankfully we never had joint accounts or we would both be on the streets. We met in later life and we decided he would sell his property and live in mine. No prizes for guessing where the proceeds from his £500,000+ property went. Excellent post Ann. As the partner of someone who has lost his life savings in the Kaupthing, Singer and

Friedlander Isle of Man collapse, I have been watching events closely. Thankfully we never had joint accounts or we would both be on the streets.

We met in later life and we decided he would sell his property and live in mine. No prizes for guessing where the proceeds from his £500,000+

property went.

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