Economists bhave been predicting such a wide range of scenarios and outcomes, you have to ignore someone
I agree with your second point, we are never going to be a manufacturing powerhouse, but that doesn't mean we can't make or design things of value that can continue to contribute tio the economy even in tough times, ARM chips would be a classic example.
( Naked Ape call me Caitlyn, Wed 5 Dec 2012, 12:32, 1 reply, 12 years ago)

Yeah, good point about economists.
I'd suggest not ignoring your own treasury though, which is what he did. They are, after all, the ones who actually know how this shit works.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 5 Dec 2012, 12:35, Reply)

true, but let's be honest. How often have we looked at the tereasurey and thought wtf are they doing?
no one is 100% correct on matters like this as it involves predicting the future!
( Naked Ape call me Caitlyn, Wed 5 Dec 2012, 12:40, Reply)

well, you very rarely get to find out what the treasury are doing
their job is to advise the government. The point is they know much, muhc more about it than the government. So, if they government listen to the treasury and it still goes tits up, that's unfortunate, and as you rightly say, you can't always predict the future. But if, as a government, you ignore your own treasury and it goes tits up, that's being really really fucking stupid.
( the mighty badger Aphrodite, on a bar stool, by your side, Wed 5 Dec 2012, 13:22, Reply)