My does the Senior Lecturer complain

So whilst Labour has been going round writing fiscal rules that it knows are meaningless because they could never apply and at the same time they have been rubbishing modern monetary theory when they know that it describes how the economy really works Johnson has been absorbing all this. And like the Republican glove puppet he really is he has decided to do what every GOP President has done in recent decades, which is ignore all financial constraints. That is because he knows, first of all that, he can because deficits can be covered by quantitative easing, and second that buying the electorate is the result and that’s what he wants to do.

The analysis being that Boris is now doing this MMT thing of just creating money to spend on lots of lovely hospitals etc.

Which is just what the Senior Lecturer has been telling everyone to do forever. In an entirely non-partisan manner of course. He doesn’t mind which party enacts his righteous ideas!

Of course I am annoyed with Labour. For a long time it’s been known that ‘How are you going to pay for it?’ is stupid question. The answer has always been ‘By putting people to work to do it’ and now it is the Tories who are going to exploit that fact for populist gain, with outcomes that will overall most likely be deeply prejudicial to many in the UK. But Labour has never had the courage to break the austerity narrative and now Johnson will. It’s deeply discouraging.

And isn’t the Senior Lecturer pissed!

14 comments on “My does the Senior Lecturer complain

  1. It’s all “Who, whom?”. Deep down he’s a failed politician, not a failed policy-maker.

  2. Of course I am annoyed with Labour. For a long time it’s been known that ‘How are you going to pay for it?’ is stupid question. The answer has always been ‘By putting people to work to do it’

    Which, unless you pay them, is slavery. Also, with 4.4% unemployment, who is going to do it?

    So, the question remains – how are you going to pay for it?

  3. The Tory party plan to implement a policy he has been advocating for, and it’s just an attempt to buy off the voters and seeks to ignore financial constraint ?

    Fuck me, it must be painful to finally acknowledge that his claims to a lack of political allegiance are complete bullshit, and that, despite their leadership having kicked him and his ideas into touch, he is nothing but a shill (and soon to be an unpaid one) for the Labour party and all of its attendant hangers on.

    What a fucking joyous end, desperately scraping around for some sort of issue he can get paid to link his statist obsessions to, whilst trying to ingratiate yourself with people who have told him they want nothing to do with him.

  4. But Labour has never had the courage to break the austerity narrative and now Johnson will.

    What a load of shite. Setting aside the fact that Ritchies MMT is bullshit, Corby and his mates never stop banging on about austerity. They even have plans for massive cash splurges, nationalisation, national investment banks etc etc.
    Just cos he’s not involved he’s having a strop. Wanker

  5. I hope not too many regular commenters from this blog take the opportunity to personally thank Richie for his creation of, and advocacy for, MMT, enabling the ascent of the Tory party as he believes it will.

  6. Ignoring the politics of this, Boris surely isn’t going to be doing any extra QE at this stage? It’ll be all straight forward deficit stuff?

  7. I was challenged on a forum about Boris’s plans, as if I was somehow a fan and advocate. My response:

    Wry amusement that those screaming the loudest have been screaming about Tory austerity for the past 9 years and demanding that we borrow and spend more while interest rates are so low.

    They didn’t seem to get my point 🙂

  8. Worth taking a screenshot of this in the event he gets funding from a fake charity post October, to demonstrate his ‘political neutrality’.

  9. Re Boris Johnson

    Dear ,

    I am writing to thank all of you who came out on Saturday, often in atrocious weather, to support our campaign day at
    hundreds of street stalls.

    In one day we managed to distribute a million copies of our party newspaper, The Brexiteer, and get the Brexit message
    across to people in towns and cities around the country.

    With the Brexit deadline of October 31st looming, and a possible General Election on the horizon, there has never been
    a more important time to keep our campaign moving forward.

    Boris Johnson’s Tories can’t deliver a clean-break Brexit – he is already talking about remaining in the Single
    Market and Customs Union
    . Jeremy Corbyn’s Remainer Labour won’t deliver.

    We know that there can be no proper Brexit without The Brexit Party. We need to deliver that message loud and clear.
    And we can’t do it without you.

    Thank you again for all of your support and dedication to the cause.

    Kind regards,

    Richard Tice
    Chairman, The Brexit Party

    My bold – is he?

  10. Yes he is. But only in the context of a transition period. Very few people, even amongst committed Brexiteers, have a problem with that, in the context of a settled agreement between the EU and the UK on how to leave the EU. Always best to give business preparation time.

    The question has always been what comes after that. Remember that we haven’t even started those real negotiations yet.

    That’s where the backstop issue comes into play. In the event that the U.K. and EU cannot agree a future trading relationship, it was supposed to guarantee that Northern Ireland will be held to single market and customs union rules, so no customs border would be required with Ireland. But then of course if the rest of the U.K. chose to deviate from those rules, a customs border would be forced between NI and the rest of the UK. A poison pill if your like, that would heavily incentivise continued alignment by the U.K. to EU rules.

    That’s obviously an issue for U.K. sovereignty in NI, although the concept of internal customs borders is not totally unprecedented; free ports, for example. Nor is the U.K. likely to be the one erecting the customs border in practice, as we’ll probably be the lower regulation jurisdiction.

    Personally I’ve never felt that the two stage negotiations the EU insisted on made sense, as it was always going to throw up issues like this. Although that was probably intentional.

    Of course it’s always been a bit of a fiction that the Good Friday agreement specified a borderless Ireland. But no-one wants to disturb the peace (except maybe the Russians and some vengeful EU Eurocrats)

  11. Maybe he’s hoping for a coup against Corbyn by the Blairites, he must know he’s burnt his bridges with Labour under Corbyn and the Conservatives and doesn’t seem to be making much headway (in terms of getting paid) cosying up to Lib Dem’s, greens and SNP so is trying to position himself with Corbyn enemies in Labour instead maybe

  12. Oblong,

    “Personally I’ve never felt that the two stage negotiations the EU insisted on made sense, as it was always going to throw up issues like this. Although that was probably intentional.”

    The backstop breaks the EU’s two stage process as it is forward looking and therefore part of stage two and that should have been the argument against it. If the EU is to believed it was our idiots who proposed it.

  13. @Oblong July 31, 2019 at 10:31 pm

    Of course it’s always been a bit of a fiction that the Good Friday agreement specified a borderless Ireland

    Really? Which paragraph/section in Belfast Agreement states that? A search returns Zero finds for “border”

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