If there’s one thing to be learned from observing the media and political bubble, is that there is such a thing as too much agreement. When the SoManyPeopleCan’tBeWrong ™ effect kicks in, this should generally trigger a mass hysteria alert. Which is what happened the other week when Bank of Slovenia, the nation’s chief banking regulator tightened the screws on household borrowing.
This caused an uproar in Muddy Hollows, with everyone from Banking Association and youth organisations to the politicians and the media slammed the BS for their supposedly heartless and unnecessarily harsh move. It must have felt good to be a part of the crowd.Continue reading Clearly, No-one Was Thinking (part 2)