What does one do with a person who gets all the big calls wrong?
Quote him as author of your macro economic strategy of course.
Nick Robinson – Will borrowing billions of £… increase or decrease inflation?
— Haggis_UK ???????? ???????? (@Haggis_UK) July 21, 2022
Liz Truss – My tax cuts will decrease inflation
NR – Can you point to a single Chancellor, a single governor of the BoE or a single economist that says this?
LT – Patrick Minford ????#r4today pic.twitter.com/d8mKAdIJqn
This Patrick Minford:
He is a British macroeconomist who is professor of applied economics at Cardiff Business School and apparently an expert WE should listen to. After all, the trillions of pounds worth of debt the UK is in, depleted public services, cost of living crisis, huge disparity between super rich and the rest of us… are all down to people like him.
He believes in a complete illusion he calls the ‘free market’
A supporter of the Poll tax, Minford is on the board of the opaque group Reform, who appear reticent to be open about where their money comes from. Guess who was a previous deputy director of that organisation? Liz Truss.
Patrick Minford was a sole voice of support for Thatcherite economics in the 80s going against the grain of hundreds of leading economists of the day who criticised – the thought of Truss becoming PM should have us shuddering
— Sean Bayley (@SeanBayley) July 21, 2022
The problem with people like Truss quoting a Business professor such as Minford, having opposed his ideas for so long (he was a Leaver she a Remainer; he was a devout right winger, she was a Lib Dem), is that she comes across as yet another opportunist who will take us further in to despair whilst getting very rich very quickly at our expense.
Liz Truss now says she was ‘wrong’ to campaign for Remain. Imho, this implies EITHER her judgment is questionable, OR, she’s just the next delusional megalomaniac in a long line of Tory opportunists who are prepared to say absolutely anything to gain power before fucking us over. pic.twitter.com/KR758pHh5i
— GET A GRIP (@docrussjackson) July 21, 2022
Yet again we have been warned.
Douglas James
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