The FT has just reported Theresa May’s speech on her effective promotion to prime minister in which they report she said:
In a series of criticisms of George Osborne’s tenure at the Treasury, Mrs May said he had neglected productivity problems and suggesting that government-backed project bonds could be used to boost infrastructure.
That’s the foundation of People’s Quantitative Easing by another description by the sound of it.
Last September I asked what George Osborne would call this idea when he used it. He won’t but his successor will and wow we know: Project Bonds.
I can’t complain: I created the idea to be used. I think it will be.
PQE is the BoE creating money to buy the bonds. Project Bonds, what we know so far at least, are just a government guarantee on a bond issue. These are not the same thing.
But who knows; it wouldn’t surprise me if May started adopting some of Murphy’s ideas. They are both on the fascist side of politics.
(but May has understood the importance of sharp dressing in fascism)
The Murphatollah is desperate to convince himself that he has influence and clutches at every straw to convince himself that he has it.
It would not surprise me at all if three years from now Murphy is a ‘leading voice’ calling for free trade, laissez faire and everything else. He has always been at war with Eastasia.
Amazing, he is now claiming the Aaronson GAAR was all his idea.
He truly is the greatest tax thinker of all time. Frigging genius.
“Ritchie doesn’t even understand …”
Think of the myriad of ways you could usefully and accurately end that sentence.
He is truly the omni-ignoramous, the pre-Renaissance Man, even the null-math.
These are not the same thing.
I’m sure that with a few deft adjustments with Dr Murphy’s sonic screwdriver you’ll find that they are.
Are there any decent comments on that thread? I only visit when there’s a good ding-dong brewing – otherwise it’s like getting into a railway compartment with 5 Arnsters.
Perhaps that peerage is not quite dead yet, just coming from a different party. With a bit of shameless wriggling by Murphy and dropping of inconvenient past-its-purpose left-wing dogmatism it could still be
Lord Murphy of the Unimpressive End-Terrace in Ely
He’s going to be a legend in his own mind, if he isn’t already.
Good to see his ban on Baxter Basics MP lasted less than a fortnight…
If he was not so prolific at blocking on Twitter I would be doing John Terry style memes of him claiming credit for everything.
I do wonder if we should expect anything different from Him. He doesn’t understand anything about accountancy despite being nominally a qualified accountant so to expect even the rudiments of an understanding about the bond markets is surely stretching credulity?
In response to the superb ‘The Meissen Bison’s’ question – no really decent comments – his blocking button is out in force I think barring the brown noses and support trolls so not much. On the ‘Eagle vs. May’ thread one deeply worrying comment however came from the North Korean sympathiser Ivan Horrocks who praised May’s speech – which ought to send cold shivers down the spine of everyone on this blog.
He’s going to be a legend in his own mind, if he isn’t already.
Quite so, quite so.
VP – On the ‘Eagle vs. May’ thread one deeply worrying comment however came from the North Korean sympathiser Ivan Horrocks who praised May’s speech – which ought to send cold shivers down the spine of everyone on this blog.
To be fair, May’s always done that for me.
You know how you can look at some people and immediately realise “that’s a bad un”?
It’s the eyes, I think. She looks like she’d keep James Caan* drugged and chained to a bed.
*The actor, not the Dragon.
VP
re your comment:
– I do wonder if we should expect anything different from “Him”.
One hopes you are not also becoming a disciple of the Murphy God Head, as some of his stool inspecting commenters seem to have become.
“It’s the eyes, I think. She looks like she’d keep James Caan* drugged and chained to a bed.”
I get where you’re coming from, but would this be so she could hobble him or suck him off?
BraveFart – I’m pretty sure she mates, then she kills.
He’ll be claiming credit for inventing the helicopter soon.
TIS: I’m pretty sure she mates, then she kills.
A steak for the future?
Bravefart – Damn that inadvertent capital letter – well spotted!
The inimitable Steve
Imagine her and Clinton in a gathering of world leaders – ye Gods – a ‘Misery’ tribute fest!!
“He’ll be claiming credit for inventing the helicopter soon”
haha, but the hovercraft would be funnier (as they’re not used anymore)
The overpriced, underused SR.N4 series hovercraft might have been scrapped, but hovercraft in general are still in use. Not least by the US military.
@ Bloke in Wales
Yeah, that is an *appropriate” use of Hovercraft. 40 years ago I saw a report of their use in mining operations in the Dead Sea.
Using them for cross-channel ferries was a publicity stunt that misfired. Marshland and seashores they leave everything else wallowing.
For hovercraft, you’ve also got the Ekranoplan type machines
http://www.bing.com/images/search?q=ekranoplan&FORM=HDRSC2
If Murphy invented printing money he truly is a genius. Even Sir Isaac toyed with it. Who’d have thought the greatest mind in human history was almost convinced by time travelling wanker?
It’s irresistible to politicians. Don’t talk, don’t think, just run the printing presses!
On hearing May had been handed the PM role my first thought was thank god I officially gain dual citizenship at the end of July.
I would love to know how infrastructure investment will be done within the UK workforce. All the macro guys should comment
I was thinking of the cross channel ‘craft. We (family) used it regularly. I loved it, especially watching it come off the sea on to the beach. Brilliant when it was rough.