Ritchie’s Christmas Wishes

A new economic policy which says that:

More is not always better

Enough can be sufficient

People, and the quality of their lives, matter more than things

Education is of value for its own sake

Money is our servant

Having the time to be is the greatest goal of humanity

Most of our current economy is designed to stop us getting to that goal.

Hmm. Except for that last – where the truth is that our modern economy is the most efficient method anyone’s ever found to get us to that penultimate line – these are all things in standard neoclassical and even neoliberal economics. Which makes me wonder why he’s so dead set against those two. Presumably it’s because he simply does not realise that all of those are already incorporated.

Things can indeed have negative marginal utility. That first litre of water a day has a very high marginal utility, most of us like being able to use a few hundred gallons a day and none of us wants 5,000 gallons flooding the basement. We all satisfact meaning that we do agree that enough can be sufficient, quite right people matter, we’re the only people here. If you value education for itself then good luck to you, amenity, value and utility are, by definition, personal things. Money is indeed a servant, it’s just a better one than barter and it’s really not at all an odd observation that as people get richer they take more of that wealth as leisure.

It really does seem that he’s just ignorant of what the subject he wants to critique already says.

12 thoughts on “Ritchie’s Christmas Wishes”

  1. Ritchie bragging about his predictions today as well. He doesn’t make them often as he doesn’t want to be pulled up on them, but some slip through in the fist typing. Here’s what I have for 2016 predictions in blogs and twatter…

    On 28 April 2014, Ritchie predicted the Fair Tax Mark would have issued 350 marks within 3 years. I think we can already call on that one.

    On 15 October 2015, Ritchie went on BBC news and said that there would certainly be an “economic crisis some time in 2016” and there would absolutely be a recession in the UK in 2016. The original tweet and video by @Ian_Fraser and retweeted by Ritchie has been deleted, but I have the screenshot.

    On 21 January 2016, Ritchie announced the “Fair Tax Pledge” as “it least it lets us see there are people trying to be compliant” – nearly no-one signed it.

    On 30 May 2016, Ritchie predicted that there was to be a general election in 2016.

    On 7 June 2016, Ritchie admitted he had predicted a crash that hadn’t happened. Looked at the FTSE, and said it was going to crash again.

    On 26 August 2016, Ritchie predicted the US wouldn’t raise interest rates any time soon.

    On 12 October 2016, Ritchie predicted a Sterling crisis.

    On 9 November 2016, Ritchie was amazed there was any doubt who was going to win the US election.

    And to prove he’s an expert on everything:

    On 9 September 2016, Ritchie predicted Jose Mourinho would be out of Manchester United by Christmas.

  2. @Noel Scoper

    I often think I should collect Murphy’s predictions and tax errors as they come along, for posterity.

    When he boasts of his predictions coming true, it’s often nonsense anyway.

    Murphy – I predict man United will win 1-0

    (The result, Man United lose 5-1)

    Murphy – I accurately predicted Man United would score 1 goal.

  3. I can only presume, from what he’s saying, he’s renouncing his recently acquired 4/5ths of a professorship. I await his official announcement with keen interest.

  4. Like his prediction that Jersey would have a financial ‘black hole’ in 2012 (which he made around 2006 – before the crash).

    Now Jersey are saying that unless they change a few things, they could have a large deficit in 2019.

    Murphy claims this proves he was right all along.

    7 years out and a prediction made BEFORE the crash so not taking account of it and the deficit hasn’t even actually occurred yet.

  5. My Christmas wish is that some local children knock on his door and ask him if he wants to hear some Christmas bell ringing. When he says yes, they say well jump up and down then – you’re the bell end.

  6. Ritchie’s Real Xmas list

    A new wife to replace the one who dumped him

    A big house with a separate office building that he can pretend is a shed for housing his train set

    A paid gig at the Guardian

    Or perhaps a paid gig at Forbes (he promises to be nice next time)

    A political patron who will recommend him for a peerage

    The good sense – for once – not to piss off that patron in a fit of pique

  7. It’s Hair Shirt Day, the day of the week where Richie goes on and on about how materialistic you all are and how you should be happy to live on a 1950s standard of living.

    Anyway, I predicted in 2016 that he would fall out with lots of people on account of him being a massive cunt. I was proved right.

  8. It’s interesting to go to the blog in which he says he made all these great predictions and head to the comments. In there he and his friends touch on things like the possibility of Parliament ignoring the will of the people. In that event Ritchie predicts there would be “civil unrest” because that wouldn’t be democratic. How interesting.
    It’s also great fun to note that before the vote the Remainers were fine acknowledging the £30 million tat mens was about what COULD be spent on the NHS instead; not would be. Now of course that’s simply not true and we were all sold a lie. Oh how very interesting to have the past before us where it can’r be hidden.

  9. More is not always better

    So he’ll be calling for the State to spend less.

    People, and the quality of their lives, matter more than things

    My quality of life would be much greater if nanny-staters like Murphy left me the hell alone.

    Having the time to be is the greatest goal of humanity

    Government regulations are a tax on our time, and that’s one of the most regressive taxes of them all. You can get more marginal dollars; you can’t get more marginal time.

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