Quite true Sir Simon

Those whom history proves right are warned never to cheer.

But those of us who were right about the euro from the start would at least like to get an admission that we were right.

13 thoughts on “Quite true Sir Simon”

  1. It is odd that many on the left/Keynesians tell us we should listen to the likes of Krugman because he accurately “predicted the banking crisis”, yet those who were prescient on the collapse of the euro don’t appear to be so lauded.

  2. The problem is, that the EU idiots are still insisting that the problem is not caused by the Euro.

    Meanwhile, those lauding Krugman for his foresight, largely misdiagnose the reason for the banking crisis in the first place.

  3. Well, Krugman got a Twitter slap from Toomas Hendrik Ilves, President of Estonia;

    “Let’s write about something we know nothing about & be smug, overbearing & patronizing: after all, they’re just wogs”

  4. What a strange metaphor! But no, Jenkins you’re wrong, as ever. The euro is not some malaise of mysterious origin. We know exactly who created it and whom to hold responsible.

  5. Am I the only person reminded of the joke about success having many parents but failure being an orphan?

    So, congratulations to those who were against it at the time, and to the man who did most to keep us out of it – step forward this blog’s favourite man, Mr Gordon Brown.

  6. The Euro only failed because of the negative energies psychically inflicted upon it by the anti euro believers and der tinfoil hats little engllanders.

    Even though what they said would happen is happening dey is still wrong.

  7. Sometimes it is your duty not only to cheer but to rub the bastards’ faces in the dirt. Like so much else in life, it all depends.

  8. The President of Estonia also observed that Krugman got the Nobel for Economics because there is no Nobel for Journalism. Give that man a saucer of milk, and a large cigar.

  9. So Much For Subtlety

    Luke – “So, congratulations to those who were against it at the time, and to the man who did most to keep us out of it – step forward this blog’s favourite man, Mr Gordon Brown.”

    The most? He made the right decision at the right time. Probably due to his desire to spend as he felt proper. Certainly under the advice of his Department. But everyone else except Blair and the loonies of the Labour Party were against it too. He was hardly a lone voice in the crowd.

    9Chris – “The President of Estonia also observed that Krugman got the Nobel for Economics because there is no Nobel for Journalism. Give that man a saucer of milk, and a large cigar.”

    That is not fair. His Economics is not bad. His journalism is tripe. No way even Obama would win a prize for his popular articles.

  10. dearieme, every time I see “Nobel Prize for Economics” I die a little inside. But as you say, we’re talking about a discipline which puts the dependent variable on the x-axis and the independent variable on the y-axis.

  11. SMFS, I was partly doing a wind up about Gordon Brown, but think back a few years – he was in a partly pro-Euro party, at a time when Euroscepticism (in both senses) was regarded as small-minded little-Englishness. And while many may have advised against it, he’s the one who actually said “no”.

    Think of Bernanke – as an academic, he advised that Japan should drop money from helicopters, but he’s less bold now he’s in charge.

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