They are talking, believe it or not, about what to do when the good times come back

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Ilargi: The G8 finance ministers apparently are doing a great job of deluding each other and the media surrounding them. All that’s needed, no really, says Tim Geithner, is for everyone to focus on growth. Once they do that, everything else will take care of itself. And perhaps it’s better this way.

A group of people so completely incapable of solving any problem they’re faced with might as well ignore those problems and pretend they can wish them away. There’s no way to bring about the real big troubles that lie ahead a whole lot faster than pretending the small troubles you couldn’t tackle went away of their own accord. Continue reading