Odd statement really

Richard Murphy says:
September 29 2016 at 3:36 am
I have a feeling you may need to enhance your understanding: if there is a prospect of perpetual deficit then cash in the bank merely delays default but means continuing is reckless because of the indifference it would show to long term liabilities – and Jersey has ample of them

Jersey is going bust because of a deficit they never close.

The UK should run a permanent deficit because a surplus would be a near criminal idea.

Amazing how the same ideas can repose in the same brain really.

9 thoughts on “Odd statement really”

  1. “Do I contradict myself? Very well, then I contradict myself, I am large, I contain multitudes.”

    Walt Whitman

  2. Use an argument, discard it when no longer useful for the moment, believe it again later when it becomes useful again.

    He is a textbook case of Doublethink.

  3. Doesn’t Jersey have reserves equivalent to eight years of income, though? That should keep them afloat for long enough to sort things out – unless it gets treated like the Scott Trust.

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