Monday, January 17, 2011

The Imaginot Line

Foreign Policy has a very engaging article on the recent financial crisis and central banking (HT Arts & Letters Daily). The article compares the faith in central banking prior to the crisis to the faith of the French nation in the Maginot line prior to World War II.

The article notes there are reasons to quibble over the comparison, but it is a good place to start when thinking about how we place our faith in institutions (rules and organizations) and that can impact our choices - for good or for ill. I recommend it.

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