Credibility

A few people have engaged me recently on my fairly apocalyptic views regarding the economy. A common criticism I’m getting is that I couldn’t possibly know better than the people in Government, because being in Government gives Brown et al access to much better information and analysis than I see.  So I give you someone with more credibility: Simon Johnson, former chief economist of the IMF. Few people have been in a better position to learn about the state of the world economy and of the nature of the economic crisis than him. Since he resigned from the IMF he has been in a position to give his honest opinion on things. To see the opinions of someone with far greater credibility than me and a deeper understanding of the crisis, read this.