Paul Krugman: Extraordinary Elite Delusions and the Madness of Commissions

Sorry about slow posting — I’ve been busy drinking too much port at high table both giving talks at Oxford and grading final papers from Princeton. But I did want to weigh in on this Matt O’Brien piece on the problems or lack thereof with democracy.

O’Brien criticizes David Brooks, who argues that we need more Simpson-Bowles commissions of wise men who take the long view; O’Brien argues that democratic institutions demonstrably lead on average to better governance. I’d agree.