The lesson of the latest IPCC row is that its authors and organisers must fight harder against groupthink—and speedily implement the new conflict-of-interestpolicy.
Their interestpolicy has been timid: over the past three years, as monetary policy has been tightened in America and the euro area, average rates in the emerging world have barely budged.
America have carried out the low-interestpolicy for years to encourage credit consumption, and finally the money borrowed is more than the repaying ability, causing the global financial crisis.