Paul Krugman is frequently quoted here in this nanocorner of the ‘Sphere©, because he so frequently cuts through the obfuscation and clarifies economic realities. (See this post, and this one, for example.)
Today, the George III administration announced with great fanfare their latest financial system reforms.
Krugman looked it over. His conclusion: There’s no there, there.
The Dilbert Strategy
By PAUL KRUGMAN | Published: March 31, 2008
Anyone who has worked in a large organization — or, for that matter, reads the comic strip “Dilbert” — is familiar with the “org chart” strategy. To hide their lack of any actual ideas about what to do, managers sometimes make a big show of rearranging the boxes and lines that say who reports to whom.