Perfection Was Not Required.

   There is a lot of printed speculation about reasons why people who should have known better, instead failed to predict the current Great Recession.  In an insightful article, Robert Trigaux of the St. Petersburg Times lists a few, including smugness, deification of Alan Greenspan, go-along forecasting, and bamboozled by Wall Street.  Robert Trigaux, "Whistling All The Way to the Cliff" (St. Petersburg Times Online, Friday, October 16, 2009).  To that last reason, being bamboozled by Wall Street, I would like to add one briefly expressed thought.

   Perfection is not required.  The people who were then labeled "Experts" should have looked out for us.  They did not know what Wall Street was really peddling.  Instead, they pretended that they knew, lest they not be called "Experts" any more.  They not only could have done better by us, they should have.  We would have forgiven them their humanity if they had.

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