Tuesday 24 April 2007

Brown poor at maths, shock

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.

7 comments:

CityUnslicker said...

if so, who did waht too who. they are both pretty weird characters...

Newmania said...

Is Keynes Political ? I have always suspected it

Anonymous said...

To be fair to Keynes he was very sound on the lunacy that is price-forecasting

(whilst not himself being averse to a spot of speculation, often with other perople's money)

Anonymous said...

Of course he loves Keynes, he and Blair love everything the US Democrats do (or did).

Thing 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!

CityUnslicker said...

ND - I am not anti-Keynesian, but his ideas were formed in response to a global recession and the gols standard.

Monetarist 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!

Anonymous said...

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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