On another note what bothers me about Creature is the none-too-subtle escapism that the author engages in. He talks about the monetary scientists and political scientists (bankers and politicians) being unable to resist spending more than we collect in taxes. Its escapist because we elect them. If we the people are so f#$king stupid we elect those who promise to spend the most, that is what we’ll get.
Don’t blame politicians, blame the voters. Democracy is expensive and it requires an informed polity.