With the insanity of current so called economics it is suely time to start thinking of new ways of describing the utter imbecility of both politics and the media. So, for starters
Smuggit, verb: to make authoritative statements unconnected to reality in such a way as to suggest that anyone disagreeing is, by definition smug, arrogant and essentially ignorant, which is in fact a precise description of the person making the statement.
As in
Osborne was smuggiting again last night.

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