Wednesday, September 28, 2022

economy run by morons

So why the sudden run on the pound? One answer I liked came from the City of London economist Dario Perkins, who declared that the problem with the budget wasn’t that it was inflationary but that it was “moronic,” and that an economy run by morons has to pay a risk premium.

-- Why Is the British Pound Getting Pounded?

почти то же самое, что говорит Мартьянов. он, правда, не только про экономику говорит

see also Bank of England to Buy Bonds to Restore ‘Orderly’ Markets: The purchases will be carried out “on whatever scale is necessary,” the central bank said.

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