Right? Right.

We have to approach this differently, folks. Pick an economist. Pick five. Find one that has ever been right. When it comes to dire warnings about the future, I mean.

Sure, I don’t like the idea of Angela Merkel deciding “to agree to allow eurozone bail-out funds to support sinner states” either, but if 172 economists are all hot and bothered about it, then maybe it wasn’t such a bad decision after all.

“First of all, this is about better banking supervision, and one can only say that that is urgently necessary.”