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Executive Sadman

Does Blanchflower Actually Have A Brain

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http://www.newstatesman.com/blogs/david-blanchflower/2011/03/interest-rates-sentance-mpc

Andrew Sentance who, in an interview with the Flintshire Leader, argued that, "If you have interest rates too low for too long, the problem we have is it becomes more difficult to raise interest rates more sharply in the future." There is no basis for such claims. Why would it be harder to raise rates in the future because you had lower rates in the past?

People getting used to low rates taking on debts they cannot otherwise finance, would be the first thing that comes to mind.

Those millions of homeowners who cannot afford rates above a couple of percent since 2005, maybe...

How an earth does someone lacking any semblance of an inquisitive mind get to do anything other than checkout work? I can only assume he's a jolly good laugh and has friends in lots of high places.

That quote just sums up him and new labour for me. Unquestioning, unthinking, devoid of any analysis.

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He's talking to those people that the liebour mp's are, in a way they can understand completely devoid of the facts.

He can talk behind closed doors in future, without poisoning the rest of us with this bile!

Its scary when you read lefty crap, because they seize upon 'economists' like him and Krugman as a defense for their banana republic economic policies, simply because they have a few letters after their names. Lots of banksters have a few letters after their names too...

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The second story was by my good friend Adam Posen, who has been voting for more QE because of his fears that inflation will be below the target in 2012.

No - he fears that inflation will be within the target range so he wants to QE.

He's another of the discrediteds.

Crazy people.

Either change the target or do your job and target the target - or go.

Edited by billybong

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http://www.newstatesman.com/blogs/david-blanchflower/2011/03/interest-rates-sentance-mpc

Andrew Sentance who, in an interview with the Flintshire Leader, argued that, "If you have interest rates too low for too long, the problem we have is it becomes more difficult to raise interest rates more sharply in the future." There is no basis for such claims. Why would it be harder to raise rates in the future because you had lower rates in the past?

I don't know, Danny, let's have a look at the last 10 years shall we...?

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http://www.newstatesman.com/blogs/david-blanchflower/2011/03/interest-rates-sentance-mpc

Andrew Sentance who, in an interview with the Flintshire Leader, argued that, "If you have interest rates too low for too long, the problem we have is it becomes more difficult to raise interest rates more sharply in the future." There is no basis for such claims. Why would it be harder to raise rates in the future because you had lower rates in the past?

People getting used to low rates taking on debts they cannot otherwise finance, would be the first thing that comes to mind.

Those millions of homeowners who cannot afford rates above a couple of percent since 2005, maybe...

How an earth does someone lacking any semblance of an inquisitive mind get to do anything other than checkout work? I can only assume he's a jolly good laugh and has friends in lots of high places.

That quote just sums up him and new labour for me. Unquestioning, unthinking, devoid of any analysis.

No, he is just a lying liar who lies and has no repsect for the intelligence of his readers. No one with two neurons to rub together could possibly disagree with Andrew Sentance's point.

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He is a political economist, with very strong links with the labour party. Yes he has a brain, and he is using it to try to get labour back into power/discredit the tories

Edited by AteMoose

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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