The troll seems to imagine that economics is a science with a history of demonstrable, proven, bench-test results.
If economics has anything to do with science or logic, how is QE explained? Why is it ok for the UK, for example, to just create from nothing, billions of extra pounds to pump into the economy without any devaluation of the currency? Any answer would be very welcome in Athens, Lisbon, Rome and Dublin, I'm sure.
In any event, a look round many High Streets across the country will demonstrate that all is not well with the economy even this early after the referendum. Apart from a few recently-opened Xmas shops which will close in the next fortnight, the trend over the last few months has been shop closures on an almost unprecedented scale. This trend has gone unreported by the mainstream media, no doubt after consultation with tory central office.
OG, flecc and KD have repeatedly drawn attention to the very real problems Britain will face once we get past all the bluff and bluster from the pro-Brexit brigade about how we will suddenly become amazingly successful as an international, free-trade champion, putting to shame the EU with all its bureaucracy and convoluted trade deals.
The reality is that of all the goods and commodities we produce, very little is likely to be found attractive to customers elsewhere when they can acquire the same products cheaper and of equal or better quality elsewhere. To believe, even for a moment, that we have sufficient JCB or JLR sales to sustain the economy is sheer madness. The rest of the world will most certainly not be falling over each other to rush out and purchase Dyson vacuums, fans or hand-dryers. We won't be selling much steel, coal or anything else come to that, so how do economists suggest we will earn our crust post-Brexit?
Do they imagine that the 27 remaining EU sovereign states will be happy to see London as the main financial trading centre for inter-European transactions and our bacon will therefore be saved by the City of London banking geniuses? While we seek customers for the little we actually produce for export, prices for imported goods will climb steadily - that's a given!
Sadly, as I have said from the outset, 'Brexit' was never about economics but was always about racism - a far-right grouping of tory extremists, created to drag votes away from democratic socialist parties, going under the acronym of UKIP and thus ensuring a tory majority in parliament for years to come - just look around at the fringe groups associated with the monsters of UKIP. These people are haters of all foreigners wishing to settle and make a life in the UK, even though every study of immigrant populations settled in the UK has shown that their work ethic is strong and there is little reliance on welfare.
Unfortunately, the tens of thousands of overt racists and the hundreds of thousands of others who are equally as hateful but in denial, cannot bring themselves to accept that these incomers benefit our society. Nor can they understand that our NHS is hugely dependent on people of foreign extraction. What would the British sports scene be like without immigrants - football, athletics, cricket and rugby all have fairly high levels of foreign-born competitors today, not to mention the managers and coaches who are mostly foreign, at the highest level?
The economic issues that Brexidiots cling to as justification for their cause have all been demolished over the last six months yet the lunatics are still intent on dragging the country from the prosperity of Europe into some muddy backwater where only the rich will survive intact and that will be at the expense of the poor.
This little scene tells a story:
Tom
