Quote Originally Posted by Luis Anaconda View Post
Yeah - I don't really understand economics anyway (started doing it for A level and gave up at the end of the first term and switched to English - a very wise move)
My first degree was monetary economics at the LSE. And everyone knew this was a terrible idea except for a few loonies. A bit like the fact that there were a group of 6 called "Economists for Brexit" and everyone else knew that adding inefficiencies for no gain makes things worse.

The Bond and Forex markets aren't run by Corbynistas. If high finance/global capital all agree that it's a clusterfück then you can be pretty sure it is.

Cutting benefits to pay for tax cuts for the rich in a cost of living crisis. Great political look, which is why Lab is now 33 pts ahead.

Likewise saying you'll help with fuel bills and then crashing sterling so the average car now costs an extra six quid to fill up.

The only people who believe in this are ideological loons - Truss, Kwasimodo, JRM, Redwood etc. Basically economic flat-earthers.

If the City boys all say giving them tax cuts and bigger bonuses is a bad idea then what more evidence do you want?