Ghastly little shit

Richard Murphy says:
December 2 2022 at 1:24 pm
I agree: softening up by applying tighter regulation is the precursor to nationalisation

First I’ll steal your money through bureaucracy, then through the law.

11 thoughts on “Ghastly little shit”

  1. Why keep asking the same stupid questions? Who would take the other side of these swaps and what would the expected outcome be? What behaviour would they ibcentivise?

  2. Diogenes

    He’s hoping one day for someone to agree with him/her ( I tend to think it’s a lady) in order to respond “Ah but in September 1976 you said….”

  3. I agree: softening up by applying tighter regulation is the precursor to nationalisation

    What a despicable little turd. Fortunately there are lots of other reasons why nationalisation is a BAD idea, which will prevail over Spud’s desire to be the Fat Controller.

  4. Potatoes have eyes but cannot see. The GLS appears to be blinded by his ignorance and entrenched false values to the things he waffles about. Idiot.

  5. If they reduce the value of the business by over-regulating it, the compensation on nationalisation will be lower.

    Which does indeed make him what you said, if he’s thought it through that far.

  6. RichardT: They did it to the telephones, a century ago. When the early phone companies wanted to bury their lines under the street they were refused permission, then when the government came along to nationalise them, the recompence was a pittance (I believe it was below market value, but can’t be certain) because it was going to cost the Post Office a fortune to replace all the overhead lines.

    Governments are full of little shits like Murphy.

  7. Dio, isn't this very simple?

    If you are an inflation taker, can you hedge rising prices with inflation swaps sold by inflation makers, who collect premiums if they keep inflation low and pay inflation insurance otherwise, out of their inflation profits?

    And why can’t central banks buy and sell inflation swaps to set breakevens at 2% or whatever their target is?

    Ottokring, is the reason you don’t agree with me just due to irrational emotion excited by the cognitive dissonnance these questions provoke in you all?

  8. It happened on one of the Channel Islands recently. The government capped what the electricity supplier could charge below supply costs, they went bankrupt, the government took them over at fire-sale costs.

  9. Ottokring, is the reason you don’t agree with me just due to irrational emotion excited by the cognitive dissonnance these questions provoke in you all?

    I don’t think it’s cognitive dissonance – merely complete contempt. You have been consistently debunked as an MMT charlatan who is on course to kill billions. And one with a particularly grating style to boot!

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