Wednesday, Sep 09, 2015

Fred Harrison has a good Pop at Adair Turner in his latest blog

Share the Rents: Am I a Liar?

This little blog of Fred harrison having a pop at Adair Turner somes up for me all that is wrong with house prices and modern political economics which is all about confusing this issue - not shedding light on what is going on with house prices.

Posted by pete green @ 11:17 AM (4892 views)
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1. hpwatcher said...

Adair Turner - the man asleep at the wheel.

Wednesday, September 9, 2015 10:29AM Report Comment

2. icarus said...

Adair is part art of Soros' 'Think Tank'. That says it all. I wonder why Soros didn't invite Michael Hudson, Steve Keen, Max Keiser or Jack Rasmus to join. Is it because they know what hedge funds and other shadow banks are up to?

Wednesday, September 9, 2015 12:34PM Report Comment

3. nickb said...

Normally I am something of a fan of Fred, but this piece doesn't really say anything other than something like "I predicted the crash and downturn and Turner didn't, and he is all over the scene and I am not".

Wednesday, September 9, 2015 02:01PM Report Comment

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6. reticent said...

@3 I concur.

Adair Turner threw his hands up and admitted he got it wrong. He is one of the only establishment figures to give a hearing to the sort of reforms that Positive Money and other similarly controversial economic voices have been calling for.

So what if the way he words the failing of economics in the face of the financial crisis doesn't account for the fact that some people saw the crash coming.

This post just comes off as smug.

@2 I don't know who Jack Rasmus is and Michael Hudson is obviously a respected figure, but I would have thought the reasons why he didn't invite a populist TV presenter based at a Russian propaganda network and an academic famous for coming up with models' whose predictions failed to materialise within months of him promulgating them all over the global media, would have been pretty obvious.

Thursday, September 10, 2015 11:41AM Report Comment

7. icarus said...

@4 - They all say similar things about debt, QE/ZIRP, Wall Street, shadow banks, bank bailouts, asset-price-pumping, revolving doors between government and finance, market manipulation, growing inequality, declining real wages and US imperialism. Things hedge fund managers would not want to hear. For Jack Rasmus, try google. If you're doing ad hominam, substitute Paul Craig Roberts, formerly Assistant Secretary to the US Treasury and Wall Street Journal editor, for MK.

I agree about Fred Harrison. Why would any politician take notice of anyone who told them he had a model that said 'hpc every 18 years, so the next one is due in 10 years time'. It's the old problem - if it's inevitable, what can politicians do about it, and if it's subject to politics and policies, how can you know what will happen in 10 years time?

Thursday, September 10, 2015 01:53PM Report Comment

8. reticent said...

@5 True. There is obviously a huge element of Adair Turner offering a degree of dissent that the likes of Soros will tolerate (arguably even want to co-opt). I was simply making the point that a lot of these fringe voices have a lack of credibility for other reasons and there are more credible figures making similar arguments besides them.

Notably Soros isn't banging down their door either, but I would nevertheless give him the benefit of the doubt. Just because someone made their fortune bleeding the system dry doesn't mean they wouldn't also want to reform aspects of that system. I imagine a great many rabid free-marketeers think the best way to alert the government as to holes in the regulatory system is to exploit them until someone notices. He is obviously under no obligation to fund a think tank and probably doesn't benefit a whole lot from doing so.

I will research those names in due course, thanks for pointing me in their direction.

Monday, September 14, 2015 01:12PM Report Comment

9. Eddi said...

@icarus - "It's the old problem - if it's inevitable, what can politicians do about it," - Sorry, but you don't seem to have read Fred's books. He has a solution which is to create a Land Value Tax to replace income tax.

Sunday, November 29, 2015 03:42AM Report Comment

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