Gideons moldy old pasty of an economic policy.
Just checking in to re affirm my commitment to this Idea David. I see it as a powerful method of getting some informed un sponsored critique of the present hedgemony into the wider mainstream debate.
Take the GDP news and un reporting of the same on the BBC. Mish Shedlock writes on it today and Steph Flanders is given the job of spinning the up side ( The figures will be revised?)
It seems Gideons Pasty pasting budget is not working.
An old etonian Toff
was often noted to scoff
Whilst Brosiering His dame
Economical Actualite IS the name of the game
I’ll tax the upper Crust off your pasty
now your all Fagging for me
I always preferred Cheshire PorkY Pies
In Cuisine and in Deed you see.
Take back the money creation power into the Commons.
Mish on GDP.
GDP is a very silly economic measure, by its metrics quantative easing really makes things look great of course expanding Bank reserves does nothing for the real economy unless the Banks choose to excercise their debt money creation powers.
Will keep checking back, Greetings from a sunny Sweden.