You could not make it up; but it is not very funny really is it?!
At least it goes some way to explaining his love of Keynesian economics over monetarist economics. Keynes is political and you can read his books without any understanding of maths; monetarists less so.
if so, who did waht too who. they are both pretty weird characters...
ReplyDeleteIs Keynes Political ? I have always suspected it
ReplyDeleteTo be fair to Keynes he was very sound on the lunacy that is price-forecasting
ReplyDelete(whilst not himself being averse to a spot of speculation, often with other perople's money)
Of course he loves Keynes, he and Blair love everything the US Democrats do (or did).
ReplyDeleteThing is Brown is also a marxist-esque control freak. I bet the only reason he didn't want to let Blair sign us up to the Euro is because he would have lost precious control over a few things here and there.
I'm no economist, but I wonder how much longer of Browns economic policy it would take to set us up for a 90's Japan style recession? I hear Spains about to go tits up!
ND - I am not anti-Keynesian, but his ideas were formed in response to a global recession and the gols standard.
ReplyDeleteMonetarist thought has been developed in today's very different economy and therefore has some more important hings to say.
Let's start with noting the huge importance of the Money Supply and its blindingly obcious effect on inflation.
Steve_l - Thanks for this, sadly I think the answer is not as long as people currently believe!
Sadly? I won't be sad if we have a recession. I might apply for a debt advisors job I've seen advertised. I'll survive the recession helping fill out bankruptcy petitions.
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