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2/14 If some of you reading this are leave voters, you may have pointed out that this is a trivial problem so I’d like to start by pointing out that I AGREE WITH YOU – in the scheme of things, this is much more trivial than many other harms caused by Brexit.
https://twitter.com/msjanebond007/status/17667569870254080682/ To calculate GDP, the ONS uses all sorts of measurements which are subject to uncertainty, so the numbers are often revised. Recently, they changed the method of calculation, causing previous estimates to be revised up. ons.gov.uk/economy/grossd…
2/4 Which got me thinking about the qualifications of other so-called economists associated with the IEA, such as @CeeMacBee. https://x.com/RichardBentall/status/1742245031803519403?s=20
https://twitter.com/RichardBentall/status/1694401973586411861?s=20
https://twitter.com/JPThrough1/status/1693014558133178495?s=202/ First up, the £, here compared to a basket of foreign currencies. Something seems to have happened to it in 2016.
https://twitter.com/RichardBentall/status/1686812479899189250?s=202/11



2/14 This hysteria is, of course, another toxic consequence of Brexit.
https://twitter.com/vendettaplace/status/16460473636292116502/4 The gravity model, which states that trade decreases by half as distance doubles, is an iron economic law ("social physics" according to Paul Krugman). It has applied historically, even in the days of the British empire (we traded mostly with Europe):
https://twitter.com/implausibleblog/status/16201936120374927392/16 The parallels are remarkable. The campaign for Prohibition built up over decades, dividing the US into 'dries' and 'wets'. There were even soft dries and hard dries. There were Farage-like figures (Wayne Wheeler of the Anti-Saloon League, the UKIP of the day).
https://twitter.com/Simon_Nixon/status/1618514000089866240
2/10 Nixon rules out the one thing that might mitigate these effects - rejoining the SM/CU - for all the reasons everyone else seems to. 1/ Refusal of UK political parties to contemplate it; 2/ Reluctance of EU to deal further with perfidious Albion.
https://twitter.com/RichardBentall/status/16169374206367907862/6 My guess is that the credit line 'loan' was never going to be paid back. It was a gift of nearly £1 million to our prime minister, disguised as a loan and then hidden. This is banana republic-level stuff.
https://twitter.com/samfr/status/16015069325687029762/ Freedman asked the question in a completely different way (we explained FoM and asked if people would be happy to accept it; he included it in a list of things people might worry about if we got closer to EU). Triangulation makes it clear FoM really not a problem for most.
2/ A clue for you mutton heads out there: Just shouting that the boats must be stopped won't work. Unless you have a realistic understanding of the problem, you will have zero chance of solving it.
https://twitter.com/RichardBentall/status/1543858215011614722?s=20&t=-MW-a5xMYu312tKchnC_qw2/14 The events of the past few days have only increased my confidence, and make me wonder whether it could even happen sooner.
Lots of cars hooting support as they drive by. Still people converging on the March from all directions.
https://twitter.com/BrugesGroup/status/1575231189656293377?s=20&t=AiKA4e_UbZiFyaP7GNnUEA2/ Apparently, there is no crisis:
https://twitter.com/andrew_lilico/status/1575143426810695680?s=20&t=AiKA4e_UbZiFyaP7GNnUEA