Jean-Claude Trichet Rejects the Counsels of History

We are, once again, live at the Financial Times with a critique of Jean-Claude Trichet.

They removed my first two paragraphs--the ones in which I attempted to delegitimize sverybody who is not an economic historian. Here they are:

One of the embarrassing dirty little secrets of economics is that there is no such thing as economic theory properly so-called. There is simply no set of foundational bedrock principles on which one can base calculations that illuminate situations in the real...