One that delivers the promise of a better, more sustainable way of living in the UK that will help people in this country fulfil their potential – which I believe to be the goal of macro economic policy.
Trying to use macro to get to a better, more sustainable way of living instead of micro is like using the hammer to put in the screw.
But then Ritchie doesn\’t like micro because most of its findings are in direct contradiction to his prejudices. And as with the man whose hammer makes everything look like a nail, Mr. Murphy is going to try and change the prices, taxes, structures and incentives of the economy without actually studying anything about the effects of prices, taxes, structures and incentives in the economy.
Both Caroline Lucas and Chuka Umunna use this man as an advisor you know……