The Financial Times
wrote about a new report of the World Bank Growth Commission on how to achieve growth; lasting several years, researched by many prestigious economists, and taking up lots of money, all what you would expect.
What makes it interesting are the conclusions, basically saying they don't have an idea, but it still should be left to those experts.
- 'It is hard to know how the economy will respond to a policy, and the right answer in the present moment may not apply in the future.'
- 'Growth should be directed by markets, except when it should be directed by governments.'
(Hat tip to Cafe Hayek