Quote of the Day | 0703
we have failed to communicate basic economic concepts to politicians, journalists and businesspeople, never mind the public. Let me be clear I am blaming us, the economists, for that. I have been astonished by the number of people in recent months who have said to me that a fall in the exchange rate makes us richer, not poorer; that there is a fixed number of jobs in the economy; that a short-term negative shock will have no long-term consequences. These ideas are wholly wrong and we have utterly failed to set out why.
[x]#12524 fan zondag 3 juli 2016 @ 21:54:15
