Lunacide

Executive summary

The Moon is a dick and we should get rid of it.

Why we should get rid of The Moon

Tides

The most obvious effect of The Moon on The Earth are the tides. Tides are a consequence of  how The Moon’s gravity affects our planet. Gravity is a force that attracts objects towards each other and its strength is dependent on the objects’ mass and the distance between the objects. The closer they are, the stronger the force of attraction.

The force of gravity follows an “inverse square law”, which means that it drops off rapidly with distance. Double the distance, the force of gravity is reduced to a quarter. At 10 times the distance, the force of gravity is reduced by a factor of 100.

Screen Shot 2017-03-23 at 18.39.31

This means, because we’re close to The Moon, that whichever side of The Earth is facing it experiences a noticeably stronger gravitational effect than the far side. This causes the sea to rise up at the side nearest to The Moon. It also pulls on The Earth more than it does the sea on the far side, so we have two high tides per day.

Screen Shot 2017-03-23 at 18.58.25.png

(This isn’t to scale – that would be a fairly catastrophic high tide if it were.)

Tides are rubbish and we should do without them. It’s annoying when you go to the beach and it’s high tide and there’s nowhere to sit. It’s also annoying if the sea is too far away. Get rid of The Moon and you have a happy medium and every beach is just right. Have you ever spent time and effort, erecting the perfect sand castle, only to have it destroyed by The Moon? Destroy The Moon and our sand castles live on forever.

The Moon is making days longer

The presence of The Moon is actually slowing The Earth’s rotation. This is because the bit of the Earth that is closest to the Moon, be it land or sea, bulges up due to The Moon’s gravity. The bulge goes back down slowly such that the bulge is always a little bit past where The Moon is. The Moon’s gravity pulls back on the bulge, slows The Earth’s rotation and makes days longer. Do you think when days are 30 hours long, we’ll still have an eight hour working day and be allowed six more hours in bed? Of course not:

The Moon’s plan is to increase the length of your working day.

Incidentally, if you have ever wondered why the same side of The Moon always faces The Earth, it is for the same reason. With our superior gravity we have already done this to The Moon to such an extent that we stopped its rotation altogether. Ha!

The Moon ruins the beauty of the night sky

When The Moon isn’t around, the night sky looks like this:


When The Moon is around, the night sky looks like this:

The Moon is arrogant

The Moon considers itself on a par with The Sun (no, not the newspaper – it is on a par with that). The Sun spends its time quietly fusing hydrogen together to make helium, which gives out heat and light. This makes our planet just the right temperature for life, allows plants to photosynthesise and, in short, allows all of the life on our planet to exist. In comparison, The Moon destroys sandcastles.

Further still, there are at least 176 moons in our solar system alone and an unimaginably huge number in the universe as a whole. As far as we know, NONE of these other moons have had the arrogance to call themselves “The Moon”. The Sun, despite all the great stuff it does, has never been arrogant enough to call itself, “The Star”. Donald Trump is the most arrogant human, but even he has never had the audacity to rename himself, “The Homo Sapien”.

The Moon is the most arrogant object in the known universe.

Other

In addition to these arguments, we should also destroy The Moon because it would be a bit of a laugh.

How do we destroy The Moon?

I’ve had a look into this and it’s actually harder than you might think and the problem, again, is gravity.

Suppose we were to blow up the moon with enough energy to scatter out all the bits a few miles. Gravity would cause the expanding fragments to slow, then stop, then start coming back together and then stick together to make the moon again. This eventuality must be avoided at all costs, as it would be a significant blow to our morale.

So when we destroy the moon (and I think we’re all now in agreement that it’s a when, not an if) we need to supply sufficient energy for the fragments to overcome the force of gravity and never collapse back into The Moon again.

The energy we need to supply is called the gravitational binding energy and we can calculate it using the equation:

U = 3GM² / 5R

Where G is the gravitational constant (6.67 × 10-11 m3 kg-1 s-2), M is the mass of the moon (7.35 × 1022kg) and R is the radius of the moon (1,737,000m)

Plugging this into our equation tells us that we need 1.25 × 1029 Joules of energy to blow up the moon and stop it coming back together again. Great, now we know – what are our options?

TNT

According to Wikipedia, 1000kg of TNT releases 4.2 billion Joules of energy. Nice.

That means we just need… gimme a sec…

30 billion trillion kg of TNT.

I’ll be honest, that sounds like a little more than I was hoping for. The maximum payload of a space shuttle was 25,000kg. So we need about 1.2 quintillion space shuttle missions to deliver the TNT to the moon. If we do one mission a day, we should be able to destroy The Moon in about 3.3 quadrillion years. That’s far too long for me – TNT is rubbish and we’re going to need something bigger.

Nukes

Back to Wikipedia – the most powerful nuke ever detonated was the Tsar Bomba, which the Soviets detonated in a test in 1961. The resulting mushroom cloud was over seven times the height of Mount Everest (show offs).

The Tsar Bomba released the equivalent energy of 57 million tons of TNT. This means we only need… gimme a sec…

526 billion Tsar Bombas

That’s better but there is quite a big catch in that the Tsar Bomba weighed 27,000kg, which is over our max space shuttle payload. Let’s suppose that increasing the max payload of a shuttle from 25,000kg to 27,000kg is achievable. At one mission per day we are still looking at 1.4 billion years to blow up the moon. Better but still far too long – we’re going to need something bigger.

The Earth

How could The Earth possibly destroy The Moon? Yeah, it’s gravity again. If we were able to halt The Moon’s orbit it would plummet to Earth, and before it hit, it would move steeply up that gravity curve we mentioned before, such that the near side experienced a much stronger gravitational pull compared with its far side. At about 18,000km out, The Moon would be ripped apart by The Earth’s gravity! Go The Earth!

The problem here is how to stop the orbit, in order to make it fall down (I’ll neglect the problem that we have a destroyed Moon plummeting towards us at catastrophic speed). The kinetic energy of the moon can be calculated as:

E = GMm/2R

Where G is the gravitational constant, R, is the radius of the moon’s orbit around the earth (384,400,000m,) M is the mass of The Earth (5.972 × 1024 kg) and m is the mass of the moon (7.34767309 × 1022). (Do note that in the equation, the big M is given to the mass of the Earth and the little m is the mass of the moon. How do you like them apples, The Moon?)

So the kinetic energy of the moon is  4.8 × 1028J and we just need to apply as much energy in the opposite direction to The Moon’s motion in order for us to stop it in its tracks and let it plummet to Earth. Get the Tsar Bombas ready, we just need….

200 billion Tsar Bombas

We are getting closer but we’re still a long way off. We’re going to need something bigger.

The Sun

While the Tsar Bomba sounds scary, The Sun is on another scale. Through nuclear fusion, The Sun gives out a whopping 3.8 × 1026 Joules of energy every second. If we could direct all of that at The Moon we would reach our goal of 1.25 × 1029 Joules in less than six minutes! The Sun is a badass.

Now, we can’t easily focus all of The Sun’s energy on The Moon but we can do something that helps out a bit. You know that if you take a magnifying glass and focus The Sun’s rays on a small point, you can properly burn it? Imagine that on a bigger scale, that’s what we’re going to do – a giant lens in space.

The Moon is going to spend half of its time behind The Earth and we definitely do not want to be hitting The Earth with our giant sunbeam. So let’s say that we have a window of 14 days to do this. If we were to put a very big lens at around the orbit of Mercury and point it at The Moon, how big would it need to be to do the deed in 14 days?

The orbit of Mercury is, at its closest, 47 million km from The Sun. The surface area of a sphere is 4πr2, so the surface area of a sphere at this distance from The Sun is 2.8× 1022 m2. That means that we’re getting 13,700 J per m2 every second, or 1.2 billion Joules per day per m2. In order to shoot 1.25 × 1029 J at The Moon in 14 days, our lens needs to have a diameter of…

1.5 million km

… or approximately 121 times the size of The Earth.

Oh dear. What are we going to need to build that?

A “can do” attitude? …Most likely.

Glass? …Definitely.

But I think I might need to admit defeat here. I really thought that, given the circumstances, The Sun would be a little more help than this.

The Sun is a dick. Maybe we should get rid of it.

RedEaredRabbit

The hypocritic oath

I wonder if this is something that modern politicians are having to swear before they take office.

Theresa May tells us that the Scottish people aren’t allowed an independence referendum because the terms of the UK leaving The European Union are not yet known.

Hold on a minute.

The UK just had a referendum on leaving the European Union when the terms of leaving the European Union were unknown. That was ok, right? No, it was more that ok, it was “The will of the people”. Lib Dems are asking for a second referendum, once the terms are known, so that the public can vote based on knowing what the alternative to staying in actually is. Theresa doesn’t seem in favour.

I’m confused. When it suits you, the terms of leaving are important and when it doesn’t they are not?

All this does is reinforce my fear that the Conseravtive Party is now simply the political wing of the Daily Mail. They read whatever is in that paper today and… that’s the policy! Sure, it buys them a lot of votes from people who don’t realise that the Daily Mail is Satan’s own soiled toilet paper, but it isn’t really the way that democracy is supposed to work.

This stuff is scary. This is Trump style politics – and worse still, we have no coherent opposition to call them out on it.

We live in bad times.

RedEaredRabbit

The Gathering Storm

There is a storm coming… like nothing you have ever seen… and not a one of you is prepared for it.

Curtis, Take Shelter

During the six years that George Osborne was Chancellor of the Exchequer, he often used the metaphor of “fixing the roof” to describe his economic policy. Even as late at June 27th this year, in his last major speech in office, he again made reference to the roof:

I said we had to fix the roof so that we were prepared for whatever the future held. Thank goodness we did.

As a result, our economy is about as strong as it could be to confront the challenge our country now faces.

George Osborne

Ah well, that’s good! The roof is fixed, right? Hoorah!

Wrong, but don’t worry – it’s much worse than you think.

George didn’t talk a lot of sense while he was Chancellor, so it shouldn’t come as a massive surprise he finished on a low note. During his six years, George didn’t so much “fix” the roof as he did “patch it up with tissue paper and spit and then go on a big marketing campaign to inform everyone about how good the roof was.”

He frequently compared the economy with a family living beyond their means. Cutting spending, we were told, was responsible and spending money was not. It was though, an entirely false comparison. If a parent in a family earned £20,000 a year they could cut their weekly shopping bill, their Sky TV subscription, their dining out, they could buy cheaper holidays etc. and they would still earn £20,000.

The wider economy doesn’t work like that because, in the economy, my spending is your income and your spending is my income. When the government cut spending, they directly impoverished their citizens, avoided a proper recovery and left the economy in a far worse state than it would have otherwise been. Many economists spent the Osborne years calling for a fiscal stimulus to get the economy back on track but he ignored them – after all politicians don’t like listening to experts.

So now here we are six years later and that well-marketed roof isn’t looking particularly robust. That roof is in fact, in far worse shape than it was before the last financial crisis and if I were a weatherman right now, I would be forecasting a cloudburst.

This week the Bank of England cut the base rate from 0.5% to 0.25% and announced further quantitive easing. It is far from enough. Cutting interest rates makes saving less attractive and borrowing and spending more attractive. That’s why rate cuts are used to boost the economy. At the end of 2007, on the eve of the financial crisis, the base rate was 5.5%. When we needed to boost the economy we had some room to manoeuvre. It’s a luxury that we no longer have.

The cut this week from 0.5% to 0.25% made big news but to put it into perspective, in response to the financial crisis, we cut rates by 5%. We no longer have that wriggle room because we are up against the zero lower bound. Yes, we could make rates negative but that just makes hoarding cash in your mattress the more attractive option. That doesn’t help.

If we had had a proper fiscal stimulus and the economy had properly recovered from the financial crisis we would by now have interest rates within normal levels and ready to respond to negative shocks. But we didn’t and we don’t.

And now the storm clouds are gathering once again.

One of these days, and probably sooner than you think, we are going to feel the true price of politicians prioritising their ideals over basic economics.

And when it happens, I don’t think it is going to be pretty.

RedEaredRabbit

 

 

 

 

Playing with fire

If this isn’t a mess, it will certainly do until the mess gets here. An unnecessary, self-inflicted catastrophe on a truly astonishing scale. How did we allow things to get this far?

My initial thoughts when the results were announced was that I live in a country made up mostly of racists and half-wits but after some time to reflect I realise of course it isn’t as simple as that. Though the truth is hardly a lesser cause for despair.

From the start, I knew this was a terrible subject to put to a referendum. There is little benefit in asking a huge number of people to vote about something when a majority of them will have no chance of making an informed decision. But that is exactly what we did.

It is inconceivable that the result we saw would have happened if the voters had been making informed decisions. While the EU is far from perfect, the benefits of membership clearly outweigh any benefit we might get from leaving, but they are clear only if you understand the true consequences of what you are voting for.

In January 2010,when David Cameron was campaigning to be Prime Minister, he said that net immigration would be capped to limit it to tens of thousands. Otherwise, he told us, public services would be overwhelmed. This was when David started the fire. The fact that immigrants were actually boosting both the economy and public services was surely known to David, so why did he campaign on this point?

David is one of the world’s foremost pioneers in the creating and spreading of what I named the “Phantom Problem“. That is, you tell people there is a problem (knowing that most won’t check), scare them about it and then tell them how you are going to solve it.

David knew that immigration was a prime candidate for a phantom problem and he knew that he would be able to sound tougher about it than the incumbent Labour Party on whose watch immigration had increased.

After becoming PM, David could probably have forgotten about the small fire that he had started and it would surely have burnt itself out but it had served him well so far, so he continued to throw more sticks on it. This from a Cameron speech in 2011…

…for too long, immigration has been too high.

Between 1997 and 2009, 2.2 million more people came to live in this country than left to live abroad.

That’s the largest influx of people Britain as ever had…

…and it has placed real pressures on communities up and down the country.

Not just pressures on schools, housing and healthcare – though those have been serious…

…but social pressures too.

Because real communities aren’t just collections of public service users living in the same space.

Real communities are bound by common experiences…

…forged by friendship and conversation…

…knitted together by all the rituals of the neighbourhood, from the school run to the chat down the pub.

And these bonds can take time.

So real integration takes time.

That’s why, when there have been significant numbers of new people arriving in neighbourhoods…

…perhaps not able to speak the same language as those living there…

…on occasions not really wanting or even willing to integrate…

…that has created a kind of discomfort and disjointedness in some neighbourhoods.

This has been the experience for many people in our country – and I believe it is untruthful and unfair not to speak about it and address it.

Of course, all the while, immigrants were continuing to play a major part in propping up the economy that had been severely weakened, initially by the financial crisis and subsequently by David’s policy of austerity. David found that by stoking the fire he was able to successfully divert attention away from the true reason that the economy was performing so badly.

But then along came UKIP.

David’s plan had been to start a small fire and then show a lot of bravado about how he was taking tough decisions to tackle it. UKIP turned up to the fire David had started with a can of petrol. Unable to douse the flames, David decided to kick the problem into the long grass by announcing an in/out referendum on the EU. He positioned it by saying that the EU was broken in its current form but he would negotiate a much better deal for us to vote on. All David really cared about was winning the 2015 general election and with this he had bought himself a clear ride to victory.

When David returned to the fire after the election the problem he had single-handledly created was not in a good way and so off he went to Europe in search of some fire engines. Shortly afterwards he came back sporting a miniature water pistol, a moist handkerchief and a can-do attitude. Worse still, while he had been focusing on the 2015 election, UKIP, the right-wing press and his most ambitious Tory colleagues had spent their time loading their planes with napalm. 

David’s sudden switch, a few months ago, to fighting the fire rather than fanning it was far too little, far too late. Having spent five years telling the electorate that immigration was too high and that immigrants were benefit tourists who were the reason for a stretched NHS, he had made a fire bigger than he could put out.

In hindsight you might wonder how he could have been so arrogant to assume he would be able to control the fire but you must appreciate that phantom problems had been the entire backbone of David’s political success. Labour spending caused the global financial crisis (phantom problem) therefore we need austerity. People on benefits are lazy scroungers (phantom problem) therefore we need to cut benefits. Phantom problems had worked so well for David, he could never have conceived that one of them could ultimately lead to his downfall.

And all the time that David talked up those phantom problems, he told us not to listen to the voices of the economists who were trying to tell the public what was really going on. 

Logic, facts and evidence were lost in the Brexit debate because the voices of the people trying to responsibly inform the public were drowned out by those who were not. The political environment that David created since coming to power has been mislead the public, tell them to listen to the right-wing press and tell them to ignore experts and that was the political environment in which the EU referendum took place.

In such a scenario, how can we possibly expect the public to make an informed decision?

So what happens next? I don’t think anyone knows, there doesn’t seem to be any plan whatsoever. Scotland will surely push for independence again and well they should. After the EU referendum result I feel nothing but guilt that I asked them to stay last time. Even if they do go, the rest of us have a very uncertain time ahead and all we really know is that we will be worse off than we would have been otherwise.

Economics aside, we have sent a very sad message out about our country. A message that the UK is not an inclusive country, a message that we have reverted back to the that horrible attitude of many on the right, that there is something inherently special and superior about British people and “British values”, whatever those are.

The 51.9% are not all stupid racists. The vast majority are good people who have been misled because David created a political environment in which logic, facts and common sense are no longer relevant. When you watch the interviews with people on the news who voted leave and hear the reasons they did it, it is easy to tell yourself that they are either racist or stupid. In most cases they will be neither. These are good people who have more often than not been victims of Cameron’s austerity experiment and who have been let down badly by our politicians and our media.

And while this whole sorry episode in our history should finish when David threw himself on the fire he created the metaphor breaks down heavily there. David is a multimillionaire who will never experience one drop of the pain that he has created for the country he professes to love.

But, David, I do have a message for you because from all of this mess you have created there is something you can still learn:

Divisive rhetoric, no matter how much it helps the short-term ambitions of an individual, can have a truly devastating effect on society. George Osborne should have told you this earlier – after all, he has a degree in history. And despite your vast wealth, like Tony before you, your terrible legacy will haunt you forever. Whenever and wherever you pop up you will be forced to defend the indefensible, we won’t buy it and you will be remembered solely for creating this calamity.

That, David is your legacy.

And now it is time for you to go off and enjoy it. You pudding-faced, society-dividing, poverty-fuelling, hate-mongering piece of toss.

Here endeth the lesson.

RedEaredRabbit
 

 

 

 

Crazy Brexiters

It seems that in yesterday’s post, I failed to mention the main argument of the brexiters for why we should ignore the overwhelming economic evidence and vote Leave instead.

It seems to go like this (please correct me if I am wrong):

There are examples in history of an economist, or more than one economist, being wrong on something. Therefore we should ignore all economists now when they say that leaving the EU would be bad for the UK economy.

I’m not altogether sure this works as an economic argument, or indeed an argument of any kind. I think also, I have been quite generous to the brexiters with that summary. They aren’t actually asking you to ignore economists on the economic argument, they are actually asking you to look closely at the view of economists and then go out and vote for precisely the opposite of what they say.

Are economists alway right? Of course not and they often disagree with one another. Economic consensus on the scale that we see on brexit is actually fairly rare. This is in part because of the lack of any cohesive economic argument for brexit – there basically isn’t one, but also it’s a much simpler task we are asking economists to model here than we often give them. We aren’t asking economists to give an exact number on the size of the economy in five or 10 years time, just asking how it would be if we stayed in the EU relative to leaving. The majority of the variables and unknowns that you would need to get to a precise number cancel out when you are only comparing one aspect, (even if it is in this case a big one).

Of course, the argument from the brexiters against economists doesn’t stop there. Today Michael Gove, helpfully informed the public, that the economists’ motives are actually akin to those of Nazi sympathisers. 

I’ll tell you something – they really aren’t at all. I’m pretty sure the IMF, the OECD, NIESR, the LSE, the Bank of England etc are not heavily staffed by that kind of person and given how stupid a thing it was to say, we should perhaps leave it there.

Even if we do though, we are still looking at an economic argument with economists on one side and Michael Gove and Boris Johnson on the other. Like I say, the economic community’s economic forecasts aren’t always right, but I doubt they are less accurate than those of Aunt Sponge and Aunt Spiker.

8f11c695112aeec4917c90b7293bdc16

Look familiar?

I did say yesterday that I thought the whole referendum was a massive waste of time and while it is, it won’t for one second stop me taking the time out of my day to go to the polling station and voting to stay in. I did like Ben Goldacre’s conclusion on the same subject:

Just vote remain. It’s boring, there’s nothing awesome about it, but sometimes you have to take a break from useful productive work to stop idiots breaking things.

RedEaredRabbit

Should I stay or should I go?

In recent weeks I’ve had quite a few people asking me my opinion about the upcoming EU referendum.

My opinion is quite simple – it is a massive waste of time and money. As I wrote when the referendum was first announced, the advent of a referendum would simply result in politicians and the media spamming the public with misinformation, making informed decisions impossible.

And that has of course happened, exactly as I said it would. Not that I want to take much credit for that prediction – we have been here before recently with referenda:

  • Changing the voting system to AV (2011)
  • Scottish independence (2014)

Politicians didn’t exactly come out of those looking like their mission was to responsibly inform the public.

But, I guess, “massive waste of time”, wasn’t exactly the answer that the people asking me were looking for. After all, like it or not, the vote is going ahead, so I’m sure they were asking my opinion on voting in or out.

It’s a fairly clear case for me – I will vote to stay in the EU.

THE END

…..

 

What, you want more? Dammit.

It’s a complicated decision, so I shan’t try to cover every possible aspect of EU membership, but I will try to cover a few that seem to be getting the most airtime and seem to be most important to people.

So let’s start with the economy. Would the UK be better off or worse off if we left the EU? You wouldn’t think so by listening to politicians and the media but this one is actually fairly clear cut. Leaving the EU would make the UK significantly worse off compared with staying in the EU and that is in the short-term, the medium-term and the long-term.

If you want to read about the analysis then have a look here:

As Chris Giles wrote in the FT, there is a huge consensus among economists that leaving the EU would be significantly worse for the UK economy than staying in and if you don’t fancy following the maths in all of those papers, you probably don’t need to anyway. We know that trade makes us all richer. Making trade harder makes us all relatively poorer. Leaving the single market makes trade harder. It shouldn’t surprise us that the maths check out, when the basic logic is so straight forward.

According to the Cameron and Osborne analysis the UK is in for a recession if we leave. That is certainly not certain, as you can see from the papers. What is certain is that we would be worse off when compared with staying, both in the short-term and the long-term.

 

Yes, the leave campaign can always find an ‘economist’ to tell people the opposite but this is right in the leagues of Sarah Palin finding a ‘scientist’ who says global warming is fiction, or the Earth is only a few thousand years old.

On this issue the evidence is overwhelming.

Ok, so let’s have a look at immigration, which I guess is the next most discussed topic. Does immigration make us poorer? Are we at breaking point? Again, the good news is that we don’t need to listen to politicians or tabloids because we have some good analysis on this.

What we know is that EU immigrants, on average, contribute more to the UK economy than their native born colleagues. We also know that, on average, they take out less in benefits that their native born colleagues. In short, immigration from the EU makes the UK better off and the numbers here are, again, not in dispute.

There are poor people in the UK and there are some significant factors that cause their poverty. As much as the leave folks would have you think it, immigration isn’t one of them.

Of course, there are also the nonsense stories that lots of people believe – 70% of our laws were made in the EU, we pay the EU £350m a week etc. I could spend five minutes linking to why those are nonsense but if you still believe them, then you are probably beyond help and you probably didn’t get this far into my blogpost.

The EU is far from perfect – the Common Agricultural Policy, for example, is a big pile of cow poo. It doesn’t mean that we should turn our backs on the EU, make trading with our closest neighbours harder, lose the benefits of free movement and free trade etc.

Those who tell you that we will be economically better off outside the EU, or that the UK is at breaking point due to immigration fall into two categories:

  • People wilfully misleading you for their own reasons (politicians, tabloids)
  • People who have listened to politicians and tabloids

The people in the first camp are no better than climate change deniers or the flat Earth society.

Do yourself a favour and don’t be in the second camp.

RedEaredRabbit

 

 

 

Pre-Election Reading

Hello there! I hope you are all well.

I haven’t had much time for blogging of late, for which I apologise. The good news is that there are plenty of better people than me still doing it. With the election almost upon us, I thought I would direct you to some things you should read before casting your vote. If you are thinking of voting for the current government based on their economic record then I urge you to read these posts before doing so. If you know someone who is thinking of doing that then point them in the direction of these posts before they get near a polling station.

Paul Krugman is a winner of the Nobel Prize in Economics* and his recent essay published in the Guardian says everything I’ve been trying to say for five years – but much better:

The Austerity Delusion

Simon Wren-Lewis is a Professor of Economics at Oxford University but also writes economic blogposts that everyone can understand. He recently wrote a whole series debunking what he calls the “Macromedia Myths” – the stories we receive every day from the right wing press and the government, stated as facts but, as he shows, clearly not based upon them:

Media Macro: Introduction

Media Macro Myth 1: Britain faced a financial crisis

Media Macro Myth 2: Labour profligacy

Media Macro Myth 3: The 2007 Boom

Media Macro Myth 4: The immediate necessity of belt tightening

Media Macro Myth 5: The long term plan

Media Macro Myth 6: 2013 recovery vindication

Media Macro Myth 7: The strong recovery

Media Macro Myth 8: Employment growth

Oh, and on the subject of Labour’s “overspending” you might want to look at what George Osborne’s spending policy was in the year before the financial crisis:

http://news.bbc.co.uk/1/hi/uk_politics/6975536.stm

Use your vote well on Thursday.

RedEaredRabbit

*Yes pedants, I know it is really called the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”