In her final speech, the BOE's Shafik defended the role of experts
"The question is not how to manage without experts, but how to ensure that there are mechanisms in place to ensure they are trustworthy," Shafik said. "Getting this right is vital for determining whether our futures are shaped by ignorance and narrow-mindedness, or by knowledge and informed debate."
"Who needs experts when you have Facebook, Google, Mumsnet and Twitter? Better to rely on oneself and one's network of friends over a set of experts in the pockets of corporations, political parties and banks," she said. "The debate on experts will determine the quality of politics and policy in the future, who is trusted and why."
Shafik will take a role at the London School of Economics. Read the full speech.
I'll continue to get my economic analysis from Mumsnet ;)
