Letting the world burn.

Suppose George Osborne were to admit that austerity isn’t working. What, then, would be left of his claim to be qualified to do, well, anything? He has to stick it out until something turns up,no matter how many lives it destroys… [P]oliticians and pundits [are] alike letting the world burn — probably unconsciously, but still — because their personal position would be hurt if they admitted to past mistakes.

Paul Krugman.

Speaking of pundits and intellectual humility, what is this from Fraser Nelson?

Did he formally repent over his support for austerity, and I missed it? Nelson posted an attack on Balls as a ‘debt-addict’ the very same day that he tweeted this. I’m lost.

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