Question Time

sidicks

How do you know it didn't do any good?

What would have happened without it?  Do you know?

johntheexpat

Precisely the point I raised - no response!

sidicks

So the effect is unquantifiable?  So why bother?

johntheexpat

So the fact that you don't know (or understand) something makes it unquantifiable?

karkus30

Welcome to politics and the real world.

Who knows whether things would have been better or worse without austerity?  There is no easy answer to that either.  Just another in many things that we can never know the answer to.

MikeTV

And of course you do understand it, but are just unwilling to share your expertise?  Its a simple enough question.  Is devaluation an effective economic weapon?

karkus30

If no one else is devaluing then it can be a short term boost like a shop sale. A race to the bottom, or long term unilateral devaluing (monetary expansion -inflation) are not.

johntheexpat

It's gone strangely quiet.

sidicks

How many times????

Who is claiming it is known not to be an effective policy - only you, I think?!

Where have I said that I want to push ahead with it?

What austerity?

johntheexpat

For God's sake learn to read.

There is a world of difference between a policy that is not known to be effective and a policy that is known not to be effective.  I am questioning the policy and if it is known to be effective.  

And funnily enough the world does not revolve around you.  The subject of my post is and always has been the incoming Governor of the BoE and his reported devaluation policy.  How you made the quantum leap from you, someone on the internet, to you being the Governor of the BoE is beyond me.