What the World's Leaders did on their Winter Vacation: Nothing

Mark Thoma has a different take on Davos than our little dust-up on this blog about Refugee Run:

Faced with the opportunity of a generation to fix global finances, the world’s most powerful people went skiing.

Perhaps @amonck would like to start a dialogue with Professor Thoma?

Maybe I can "help." I think Davos has always been oversold as a global problem-solver, in the same category as G-7 summits. There is no good historical evidence that grand international meetings devoted to collective international action to solve problems successfully do so.