Krugman: The Dilbert Strategy

Paul Krugman explains the Paulson plan in the NY Times: The Dilbert Strategy 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 …You now understand the principle behind the Bush administration’s new proposal for financial reform, which will be formally announced today: it’s all about creating the appearance of responding to the current crisis, without actually doing anything substantive. …
Original Source: feeds.feedburner.com/CalculatedRisk

  31 March, 2008| housingblogs | @ 15:24

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