Chris Giles on the slurs on the integrity of the economists who have little axe to grind

‘None of the Leave campaigns come close. Instead, they cast slurs on the integrity of the economists who have little axe to grind; they pretend that a model result showing Brexit having economic costs is good for their argument because it also shows “the economy will continue to grow”; and they refuse to tell voters what they hope Brexit will look like, knowing this will be a turn-off to many. It is hard to imagine a more cynical approach to a referendum campaign. You do not need an economic model to tell you that.’

Mr. Giles is defensive for a reason, in his chatter of ‘economic modeling’ as predicative of the future! Where were these ‘models’ and ‘modeling’ when Neo-Liberalism and its reforms were offered as an economic panacea? That drove ‘Western Economies’ into penury. Recall Mrs. Thatcher’s penchant for passing out copies of ‘Road to Serfdom’, as a dire warning of not just the planned economy, but of the dangers, the predations of the British Welfare State against a natural Capitalist Virtue?

Mr. Giles and his economic allies are not trusted for valid and empirically verifiable reasons: we are the eighth year of an economic- how to characterize this state of  the lack of economic prosperity? And the continuing of Austerity demanded of those who can least afford cuts to benefits,the Takers, while providing tax breaks to top, the Makers? Long live Hayek and his vulgar stenographer Ayn Rand!

StephenKMackSD

http://www.ft.com/intl/cms/s/0/33e877be-ef63-11e5-aff5-19b4e253664a.html#axzz43pCrJDrK

My answer to @ManchesterJ

@ManchesterJ @StephenKMackSD

Is this the question you are referring to?

‘None of the Leave campaigns come close. Instead, they cast slurs on the integrity of the economists who have little axe to grind; they pretend that a model result showing Brexit having economic costs is good for their argument because it also shows “the economy will continue to grow”; and they refuse to tell voters what they hope Brexit will look like, knowing this will be a turn-off to many. It is hard to imagine a more cynical approach to a referendum campaign. You do not need an economic model to tell you that.’

Introduced by more of the same defensiveness: ‘they cast slurs on the integrity of the economists who have little axe to grind’. The beliefs of those economists have led to economic disaster and the political fallout of the Rebellion Against the Elites, the Party Line here at The Financial Times, in its many iterations and permutations.Those economists have reason to be defensive! How many mistakes will it take to learn a bitter lesson, that the technocrats are undependable, yet fixated on the myth of their invincibility.

StephenKMackSD

 

 

 

 

About stephenkmacksd

Rootless cosmopolitan,down at heels intellectual;would be writer.
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