Thursday, April 17, 2014

The Economist --- 4.796 Words Too Many?

My computer counted 4.796 words in this Economist article titled "The Prodigal Son" which analyzes Greece's return to the markets (which The Economist considers a milestone). There is not one single word among the 4.796 words relating to key statistics of the Greek real economy. It is all financial talk.

Perhaps The Economist and others should re-read Keynes' book on "The Economic Consequences of the Peace" written after Keynes had resigned in frustration from the Versailles Conference. It is all about Germany's real economy and includes no financial talk.

1 comment:

  1. The Economist is one of the worst media publications if you need to understand complex economic issues. It seems to operate on the basis of business interests and simple extrapolation techniques. In other words, it is anti-intellectual.