I’ve been rummaging thru some articles published by the above august institute. One of them is entitled “Whatever the weather: future-proof budget rules.” To describe the grasp the authors have of economics as “Neanderthal” seems about right.
They advocate a specific or fixed target for the national debt. As advocates of Modern Monetary Theory and more recently Simon Wren-Lews have explained, there should never be specific targets for the debt or deficit. That is, the central and only central objective should be to minimise unemployment in as far as that is consistent with acceptable inflation.
That will mean relatively large deficits, and hence a rising debt in some years, and occasionally it will mean a “negative deficit” (i.e. a surplus) in other years.
Another article is entitled “How extremist groups are responding to Corvid-19”.
The article is curiously quiet about the religious extemist known as “the Pope” who claims the virus is the result of global warming, or the leading Rabbi who claimed it’s God’s punishment for gay pride parades. That’s doubtless because Tony Blair himself is a devout Christian.
Also, you’ll be amazed to learn there is no mention of the well known extremist, Tony Blair, who helped kill a million Arabs in Iraq for no good reason.
A third article goes into details on the truly awful Islamic revolutionary movement in Iran. So has dim-wit Blair who thought it would be a good idea to Islamise the UK twenty years ago finally seen the light?
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