Degrowth is only a possible scenario eg after a big disaster a large insurer collapses or has to be bailed out by tax payers, a more deadly pandemic shutting down travel for longer or a war with a large nuclear weapon deployment.
Tim says people won't vote for it so no point advocating for it. People don't want England to become a Muslim majority country. They don't want hyper immigration in general. Our politicians just don't care. The people who run the main parties all agree that they want hyper immigration and they don't think that there will be any issue in inviting in vast numbers of people who hold views diametrically opposed to what we have declared to be our values.
Expert Economist can't work out if increasing the supply of labour reduces wages or if increasing the demand for housing increases housing costs. It's just a mystery and evidence just isn't good.
If Brexit made it more difficult to trade with the EU, how come trade went up? Generally that is incoming trade. William Clouston: "Imports can be paid for in three ways, by exporting goods, by selling assets, or by issuing debt. True cost of our trade deficit".
3:45 so decades of short sighted fossil-based energy policy and shitty insulation is “bad luck”? I think you mean “bad planning”. Off to a bad start in this talk.
He’s a bit of a know it all. Probably why his articles in the FT are rarely super interesting. The greatest economists in history have struggled with the question of why some countries get rich and others don’t, with little consensus even today. It’s surprising how he completely skipped that caveat while talking about governance being the key driver that separates countries.
No, Energy Prices were self inflicted injuries. We decided to not go Nuclear and we decided to go Net Zero. We followed policies guaranteed to make our energy prices high.
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A very engaging speaker. Knowledgeable without being pompous or humourless.
The new people coming in are not paying taxes. They are taking benefits. For themselves and for their families.
Not fond of Johnny Foreigner, eh William?
Amazing certainty.
Degrowth is only a possible scenario eg after a big disaster a large insurer collapses or has to be bailed out by tax payers, a more deadly pandemic shutting down travel for longer or a war with a large nuclear weapon deployment.
Tim says people won't vote for it so no point advocating for it. People don't want England to become a Muslim majority country. They don't want hyper immigration in general. Our politicians just don't care. The people who run the main parties all agree that they want hyper immigration and they don't think that there will be any issue in inviting in vast numbers of people who hold views diametrically opposed to what we have declared to be our values.
Do you know how many people become of retirement age every year in the uk? Do you know how many babies were born last year in the uk?
Expert Economist can't work out if increasing the supply of labour reduces wages or if increasing the demand for housing increases housing costs. It's just a mystery and evidence just isn't good.
If Brexit made it more difficult to trade with the EU, how come trade went up? Generally that is incoming trade. William Clouston: "Imports can be paid for in three ways, by exporting goods, by selling assets, or by issuing debt. True cost of our trade deficit".
3:45 so decades of short sighted fossil-based energy policy and shitty insulation is “bad luck”? I think you mean “bad planning”. Off to a bad start in this talk.
Bad luck is an economist's way of saying you can't change the past.
He’s a bit of a know it all. Probably why his articles in the FT are rarely super interesting. The greatest economists in history have struggled with the question of why some countries get rich and others don’t, with little consensus even today. It’s surprising how he completely skipped that caveat while talking about governance being the key driver that separates countries.
No, Energy Prices were self inflicted injuries. We decided to not go Nuclear and we decided to go Net Zero. We followed policies guaranteed to make our energy prices high.
Solar and wind are now cheaper than oil and gas.
Radiologist