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Mr Carney to start with Airfix Spitfire and work his way up to Modelling the Economy (if James May helps him))

Tuesday, February 21, 2017 11:13
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(Before It's News)

Shock News from the Bank of England.
 
They admit that : ‘We are unlikely to spot next financial crisis’.

Dear Mr Carney,

Can I make three small suggestions that may help you with regards to your inability to understand and model the economy and society around you.

1. Hire Steve Keen

2. For a tiny fraction of your salary, hire his team at Kingston and have ‘Minsky’ up and running by next year (just in time for event above).

3. Read the bit in Minsky that says that an economics that cannot explain recurrent boom and bust is junk science, and/or jusk ask Keen to explain your ‘barter illusion’ to you.

Yours sincerely,

MW



Source: http://markwadsworth.blogspot.com/2017/02/mr-carney-to-start-with-airfix-spitfire.html

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