[Politics] Liz Truss **RESIGNS 20/10/2022**

[A1X]

This thread shows there is no swear filter in place.

Boris Johnson
Brexit
Crystal Palace

Nope, seems not

 

[BenGarfield]

I've not done a huge amount of reading on it myself as yet (something I might remedy). But the small amount of reading I have done has led me to this conclusion so far: MMT as a theory has merit, however, that merit will only be realised if MMT can be implemented in a world where the majority view is that it's the correct approach, and even then only with very careful balancing act to ensure that you don't create hyperinflation. It carries massive downside risks of a failed implementation that may mean it never reaches that critical mass of proponents that makes it implementable without being instantly rejected by the financial markets.

Problem for MMT is that it's still fringe. Maybe it is the right way to go. Maybe it isn't. Not sure we'll find out any time soon, though, as the financial markets simply aren't ready for anyone to go down that road.

Sorry it’s a description of the system now not what you want it to be

 

[deletebeepbeepbeep]

Liz Truss has done a Boris and slinked off to Ukraine whilst others clean up her mess.

 

[nicko31]

Liz Truss has done a Boris and slinked off to Ukraine whilst others clean up her mess.

Mourdaunt ambiguous on her where abouts

 

[deletebeepbeepbeep]

Mourdaunt ambiguous on her where abouts

Hmm!

 

[nwgull]

Boris Johnson
Brexit
Crystal Palace

Nope, seems not

Does Mike Dean still work on new NSC?

 

[sparkie]

Hmm!

If that is true - and I don't doubt it - it seems we are in imminent resignation territory.

 

[studio150]

Whether it turns out to be true we shall find out this morning, but rumours that the energy support could be pulled.

Mourdaunt ambiguous on her where abouts

She is in her office ringing around the list of removal firms that Johnson gave her.

 

[pb21]

If that is true - and I don't doubt it - it seems we are in imminent resignation territory.

Certainly bigging up this important reason she can't be in the house at the moment, interesting...

 

[beorhthelm]

At the risk of persisting with this severely off topic discussion - not just me then. Have you read the excellent Accouning Model of the Uk Treasury published by GIMMS? I found it a bit hard going as the details are in accountancy terminology but the summary is excellent?

im familar with it, at over 200 turgid, technical pages, i have not read much. the link HalfTimePies gave covers a similar narrative in 30.

 

[KZNSeagull]

She's just turned up in the commons

 

[BenGarfield]

im familar with it, at over 200 turgid, technical pages, i have not read much. the link HalfTimePies gave covers a similar narrative in 30.

Great but the GIMMS paper showed they’d done the detailed work. Stephanie Kelton et al have done similar work in the USA

 

[Frutos]

Could I suggest that those who wish to discuss MMT start a thread for the purpose rather than endlessly trying to have the last word, when it is apparent that none of them can leave it alone, on this one.

Thanks.

 

[sparkie]

Could I suggest that those who wish to discuss MMT start a thread for the purpose rather than endlessly trying to have the last word, when it is apparent that none of them can leave it alone, on this one.

Thanks.

Lol. We tried that and Swansman even created a thread for it.

 

[KZNSeagull]

Hunt did not really elaborate on the review into the energy price guarantee, but did mention incentivising energy efficiency. Is also creating a new economic advisory council which will include 3 bankers who I have never heard of

 

[Da Man Clay]

Truss looks to be in a different galaxy at the moment. Shell shocked

 

[WATFORD zero]

At the risk of persisting with this severely off topic discussion - not just me then. Have you read the excellent Accouning Model of the Uk Treasury published by GIMMS? I found it a bit hard going as the details are in accountancy terminology but the summary is excellent?

When asked, you did start a thread specifically for the subject of MMT and associated discussions. Is it not possible to use that thread ?

Thanks

 

[CheeseRolls]

Seems very odd that the Prime Minister was not able to unblock a meeting clash in her diary. Who exactly was so important they couldn't be put back to a later time/date?

 

[Badger Boy]

Seems very odd that the Prime Minister was not able to unblock a meeting clash in her diary. Who exactly was so important they couldn't be put back to a later time/date?

Does it clash with a good show on TV that isn't currently slagging her off?

 

[Kinky Gerbil]

What odds on Johnson back by Xmas?