Posted by Wickedpinto on September 4, 2010
There is one thing missing from this post at Ed Dricoll’s place.
Of particular interest are what are known as “Seldon crises,” which, as Wikipedia sums it up, “are part of the field of psychohistory, and refer to a social and political situation that, to be successfully surmounted, would eventually leave only one possible, inevitable, course of action.”
In almost every instance of a Seldon Crisis, the action to be taken by the foundation was. . . . . Nothing. Krugman has some reading to do, if he wants to be like Hari Seldon. If he were more like Seldon he wouldn’t ask anyone to do anything, he would tell them to do Nothing.
It’s true, you can read the books, and even listen to the BBC production for free on the net.
As a leader during a Seldon Crisis, what you should do, is nothing. whereas Krugman wants to spend a few extra trillion. He is not a good student of the Seldon School.