Group stink

Not all that different really to the privileged, upper class British officers who sent wave after wave of foot soldiers to their death at Gallipoli.

These incompetent military theorists remained oblivious to…‘the cries of the wounded and see[ing corpses] rotting in the glare of the sun’.

Contrast that with how history remembers the independent, practical thinking and forthright General George S Patton…

Historians generally agree that Patton was not only one of the greatest military leaders that the United States has ever produced but also one of the most complex and contradictory. Patton believed that it was critical for a general to stand out and to be seen by his troops… Britannica.com

Patton’s practical experience and abrasive personality may not have won him friends in high places, but it did win him (and his troops) decisive victories where it mattered.

Unfortunately, our central bankers are gutless wonders when it comes to the economic battlefield.

They hide behind their theories and keep sending the savers of the world to a certain financial death…even though the overwhelming evidence shows that low and negative rates will not deliver them the victory they so desperately covet. 

Group think is the embodiment of insanity.