Physiology of a conformist
2009-03-13
A conformist is someone who goes with the flow, doesn't make
waves and only lifts his head when the coast is clear.
Conformists in influential positions have a herd mentality and
like to prove their points by citing fellow experts trained at Don't
Rock the Boat University, which supplies most of the world's
Nobel Prize winners. No conformists saw the crisis coming,
because they were too busy explaining why growth is the do-all
and end-all, current-account deficits don't matter, and boxers
are better than briefs. Now that the crisis is upon us, they've all
retroactively spotted the cause and have prescribed more of the
same as the cure. Some of the brightest have enacted a CYA
strategy for the inevitable eventuality that more of the same
doesn't work. It should have been even more of more of the
same, they are already saying. No matter what happens, they'll
all proclaim in unison: "Told you so!"
[Czech Republic economists economy cover your ass]
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