Sunday, June 5, 2016
"inconceivable stupidity"...................Part one
In his account of the origins of the First World War, the historian Max Hastings quotes an exchange that took place in 1910 between a student and the commandant of the British Army staff college. Surely, the student suggested, only "inconceivable stupidity on the part of statesmen" could precipitate a general European war. Brigadier-General Henry Wilson replied, "Inconceivable stupidity is just what you're going to get."
-Mervyn King, The End of Alchemy: Money, Banking, and the Future of the Global Economy