Snippa worries about the falling pound. Hmm:
It is true that the very last thing that we need right now, as our economy heads to a likelihood of at least 25% unemployment is another economic shock, but that is exactly what this government is planning to give it.
What is a standard solution to high unemployment? To lower your exchange rate. Home production becomes a better deal relative to imports, this is stimulatory to the economy. Exports become more attractive relative to the domestic production of the consuming countries. This is stimulatory to our economy.
We, if we have high unemployment, want a lower pound. Snippa tells us that a lower pound would be a disaster because high unemployment.
And yes, it’s Snippa who taught economics at a British university, not us.