Monday, November 30, 2020

Bill Mitchell — Those in glass houses …

I saw a letter published by IPPR – who call themselves “The Progressive Policy Think Tank” – urging the BBC to change the way it conducts economic commentary. The letter – Economists urge BBC to rethink ‘inappropriate’ reporting of UK economy – was sent to the Director-General of the BBC following some “BBC reporting of the spending review” which they say “misrepresented the financial constraints facing the UK government and economy.” The H.M. Treasury – Spending Review 2020 – was published on November 25, 2020. I decided not to comment on it publicly given that my time is poor at the moment with lots of writing deadlines and travel now resuming with pent-up demand for my services (in person). It was what you would expect from the British Treasury. But some of the signatories to this latest letter criticising the BBC coverage of the Spending Review should look in the mirror. They seem to have short memories or perhaps they are learning the error of their ways. We can only hope....
Bill Mitchell – billy blog
Those in glass houses …
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

5 comments:

Matt Franko said...

This statement makes zero sense:

“ Notwithstanding the forecast of a fiscal deficit of 19 per cent of GDP in 2020, I don’t sense the Government’s response is anywhere near sufficient.”


Whaaaaaaaaaattttttt????

Matt Franko said...

“Not withstanding the motor overheating, I don’t sense the pump being able to keep the water out....”

Peter Pan said...

You might want to ask a homeless American if the fiscal deficit of 19 per cent of GDP in 2020 was sufficient...

Matt Franko said...

It was UK

Peter Pan said...

My bad.