Hemingway's economics
Ernest Hemingway once wrote a wonderfully telling line about how one of his characters went bust “Gradually and then suddenly”.
It rings very true; you are losing money, living beyond your means, you borrow more, you try a cunning plan, it fails and so you borrow some more, ask friends for help, go to your parents. Then one day you wake up to find you have no more credit, your debtors are at the door and you are Jonny no mates.
Unlike Ernest Hemingway’s character the UK can still borrow, at ever higher rates, but the market turmoil tells you all you need to know.
Deliberately hinder trade with the EU, wreck inward investment, rack up record trade deficits, undermine scientific research and universities, destroy the NHS, break international law, hack of the Americans and slag off the IMF, OECD, World Bank and all he rest, then take on the markets.
Tell the markets you have discovered a new form of economics and can borrow unlimited amounts for ever to give to millionaires to boost growth, meaning you will have more money than you know what to do with, promise.
Try it and see, they will correct your maths for you.
The loons have in six short years got almost everything they wanted, slowly, steadily and then at last week’s budget very quickly.
Unlike a bankrupt they can fool themselves into thinking that everything is fine.
But we all know the truth, they are morally and intellectually bankrupt, the rest of us are waiting for the bailiff’s ominous knock on the door.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.