Risk management can be a paradox in nature and this often leads entire communities, perhaps society at large, to entertain red herring solutions for systemic threats.
Today, I can see at least three man made ills which may be killing us broadly and as a global community in the long term. We should perhaps rethink carefully what we are trying to achieve at times because we may just find our first desperate attempts to resolve the unwanted, could result in dilemmas that are far worse than the short term disorders we are attempting to fix.
Shutting down Libor, disbanding nuclear power and embracing a never ending program of Quantitative Easing, could have dangerous outcomes which are not really understood in the long term. Let's take a look at Quantitative Easing and Libor, we can talk about nuclear power another time.
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