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I really wish you were running the economy!
Thanks
I think there are many who would not agree
I agree..why do you not offer your services to the Labour Party or the Treasury. You are wasted writing a blog to us!
They know my number
so presumably you do not advise the Labour Party? Do you advise any political party?
I advise non racists if they ask
Quite a number of politicians do
There is no payment and no conflicts of interest
Speak for yourself James.
It would be good if you advised News at 10 on ITV. Pedton tonight said that it wasn’t Sunak’s job to deal with the inflationary situation but the BoE. What!@$?
And the BoE report to…the Chancellor, who will take the can for inflation
Absurd…
To be a commentator one has to have some ability to rad between the lines
All quite reasonable and desirable – but not if you are purposefully creating chaos in order to break established society.
Because that is what they are doing.
We can talk about ignorance and being to far removed from reality, but you can only go so far with that.
There are feedback loops that are often ignored when a group of people (especially extremists like this lot) are so set on a course of action and there’s no ‘going back’.
That is what we are seeing now in my view. The Tories are going all in on this.
I think you are correct, in the sense that in the time available they are determined to take the canoe so far up the proverbial creek and leave it without a paddle that it will be almost impossible for any future government to reverse it.
Forgive me if I persist in saying QE and central banking operations do not direct help where it is most needed. Only Government measures that direct base money (notes and coin especially) into general circulation, accessible to the poor will work. Second, VAT reductions; third increases in benefits. Even the Governor of the BofE has vaguely realised he has failed.
As long as notes and coin are in free circulation, nobody (banks, hedge funds, chancers) can turn it immediately from money back into credit, and make a turn while blocking the poor from that money or credit.
You are speaking to the converted John.
To be fair to Bailey, he made a speech before putting up the interest rates for the first time in this recent run of rises,one where he stated clearly it wouldn’t affect the external factors involved. Then he went and raised them anyway… he admitted the inherent foolishness then, in terms of reducing inflation, of what he was going to do before he did it. Any belated apology comes on top of that prior public admission.
In your initial Tweet you suggest “change the way electricity is priced so it’s based on the average cost of production from all sources…” Agreed, but also why not eliminate Transmission Charges which penalise electricity producers the further they are from London and the South East? This results in Northern Scotland (one of the biggest producers of green renewable electricity in the UK) being hit with a charge that is 541% higher than the highest transmission charge in Europe and a staggering 1,502% higher than the charges for all producers in England & Wales. Indeed most EU countries either don’t apply Transmission Charges at all, or, if they do, it’s measured in pennies.
Teach some decent economics? what is that? It’s not a science and not decent as I learned in the 1960s. Economics did not even include people then. It was about levers…It was obvious to me that people are not machines but mainly do not understand anything. We had a very corrupt form of socialism and a very corrupt form of capitalism which has come back like a pandemic wholly owned by tories and compounded by a corrupt electoral system. Our best chance is to adopt PR ( all the talents like a footy team) (and the Scandy shade of capitalism with a human face. High taxes especially on the the home grown and imported oligarchs and Googles . Try the Danish model
What did Andrew Bailey study?
Mr Bailey, born in Leicester in 1959 and educated at a grammar school, studied history at Queens’ College, Cambridge, going on to achieve a PhD, writing his thesis on The impact of the Napoleonic Wars on the development of the cotton industry in Lancashire.
That’s what I call well qualified to run a bank and before that the FCA. Knos all about the past and nowt about the future. Cf the Cabinet. Johnson all dis-qualified
a country run by amateurs and not much good
Indeed but to be fair when it comes to running a country we’re all amateurs. Perhaps we should concentrate our efforts on electing someone with proven ability in such matters, someone with prior experience running, say, a smaller nation who has done well and would welcome a bigger challenge. I’m brainstorming now of course but I hope my points come across. We are electing amateurs as a matter of routine and we do need a different way of doing things.