Krugman on the Latest Economic Anxiety, Part 87

I link to K's postings because I think they're accurate, not because they make me happy.

One of the enduring fantasies of the pundit class – most dramatically demonstrated by the ludicrous Politico piece on What Insiders Know – is that all we need to fix our economic problems is to get the great and the good together and bypass those pesky elected officials. Business leaders, in particular, are presumed to have the know-how to deal with all the important issues.

But the reality is that the business leaders intervening in our economic debate are, for the most part, either predatory or hopelessly confused (or, I guess, both).