tag:blogger.com,1999:blog-1141932539860553199.post221567418813138528..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Mr Carney to start with Airfix Spitfire and work his way up to Modelling the Economy (if James May helps him)Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1141932539860553199.post-89474157863164601402017-02-22T15:34:43.987+00:002017-02-22T15:34:43.987+00:00p156. Bank failures and crises are a Good Thing. ...p156. Bank failures and crises are a Good Thing. One just must not allow oneself to be conned into bailing them out...<br /><br />Oooo, look....https://en.wikipedia.org/wiki/Canton_Trust_and_Commercial_BankLolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-84827406843205346592017-02-22T15:32:39.456+00:002017-02-22T15:32:39.456+00:00DBCR. Cobblers = rubbish, not disparagement.
We ...DBCR. Cobblers = rubbish, not disparagement.<br /><br />We haven't got a 'free' system as both you and I agree. The system is crony corporatism at the very best. And the banks, as we also agree, (and the landowners, obviously) are in a right old state, because of that cronyism.<br />The 'evil capitalists' running off with 9.5 mill were not 'capitalists'. They were thieves. You have to ask though, who was stupid enough to give them the money? Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-87030164689647081392017-02-22T13:55:26.686+00:002017-02-22T13:55:26.686+00:00L. Honk Kong is really not such a poster boy for f...L. Honk Kong is really not such a poster boy for free markets. It's as much about cronyism as free markets, a kind of Faustian pact if you like. And didn't Cowpat' preside over the mother of all banking crashes in the 60's? In his defence he claimed to have been subject to intense lobbying by the big banks. It was ever thus.paulc156https://www.blogger.com/profile/12412449043451685404noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-74012042449076717862017-02-22T13:52:39.120+00:002017-02-22T13:52:39.120+00:00@L Point taken. I was pressing the Send button whe...@L Point taken. I was pressing the Send button when I thought how much more conformist a Socialist system could be.<br /> Makes you wonder how an ostensibly "free" system such as that we are now suffering from could have generated such crippling pressures internally ,rather than via external intervention.<br />Cobblers is not a term of disparagement in Northampton (though evil capitalists ran off with a £9.5 million hand-out they we supposed to use to redevelop the football ground)DBC Reedhttps://www.blogger.com/profile/17891849727783879145noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-71929574357232608862017-02-22T10:05:50.507+00:002017-02-22T10:05:50.507+00:00DBCR Sentence (1). Cobblers. The rest, bang on.DBCR Sentence (1). Cobblers. The rest, bang on.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-435707218965066412017-02-22T10:03:55.351+00:002017-02-22T10:03:55.351+00:00RM Hahahahahah. Yep. 'As a central banker yo...RM Hahahahahah. Yep. 'As a central banker you'd make an excellent street sweeper'. My thoughts exactly.<br />Quite frankly 'central banker' has replaced 'merchant banker' as the rhyming slang of choice.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-70016156839294630432017-02-22T09:28:43.027+00:002017-02-22T09:28:43.027+00:00A possible 4th suggestion for Carney.
Since by y...A possible 4th suggestion for Carney. <br /><br />Since by your own admission you can't do your job properly, why not do a job you can do properly, like - er - sweeping the streets?Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-75222635582258394122017-02-22T09:19:10.878+00:002017-02-22T09:19:10.878+00:00The problem with Economics is the capitalist work ...The problem with Economics is the capitalist work environment. They have to sell economic projections for their food and advancement; therefore they have to have ideas that those in charge (permanently) want to hear; not ideas that suggest everything they do is laughably dishonest.Therefore the brownnosing daisy chain.<br />What other modern intellectual discipline has the category of heresy?If Physics Chemistry and Engineering had discouraged innovation to the same extent we would be back wearing wigs and using quill pens, when ,ironically, the hot-shot political economists all meant land tax when discussing tax in its effect on an economy.DBC Reedhttps://www.blogger.com/profile/17891849727783879145noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-62718687097839688552017-02-22T07:49:29.074+00:002017-02-22T07:49:29.074+00:00Oh and , MikeW, Carney is, strictly speaking, on &...Oh and , MikeW, Carney is, strictly speaking, on 'benefits'. You might point that out to him as well, while you're at it.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-79129668495906580972017-02-22T07:45:14.795+00:002017-02-22T07:45:14.795+00:00Both Keen and Carney and his foul crew make the mi...Both Keen and Carney and his foul crew make the mistake that you both can, and need to, 'model the economy'. John James Cowpethwaite resisted any such modelling and Hong Kong grew exponentially. But at least Keen is right in his fundamental criticisms of Neo Classical economics and the hopeless ignorance of Carney annd his cronies.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-66916604771477571182017-02-21T17:41:19.457+00:002017-02-21T17:41:19.457+00:00Isn't the difference between modelling an Airf...Isn't the difference between modelling an Airfix Spitfire and modelling the economy the fact that the model of the Spitfire has to end up exactly like the real Spitfire, but the model of the economy can be made to end up how you want the economy to be?Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-23052015794371755072017-02-21T16:49:20.352+00:002017-02-21T16:49:20.352+00:00I think he is working with them, Mike. I vaguely r...I think he is working with them, Mike. I vaguely remember that he mentioned it in one of his recent videos but I can't remember which one.Derekhttps://www.blogger.com/profile/06296053477905542366noreply@blogger.com