Thursday, November 17, 2011

Government by fiat

I see Italy has a new government (maybe). The news is a little sketchy here--the newscasters seem very happy to tell us that this will be a government of technocrats (when did they stop being bureaucrats?)

It doesn't seem very democratic. Is this a glimpse of the future? A string of financial crises precipitated by the banks which in turn are used to justify placing the bankers in charge?

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