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Economics experts sum up the terrifying problem of Brexit in 125 seconds
Link to tweet
“People haven’t yet internalised, ‘The economy is going to tank, I better sit on my cash,'” he began.
"The EU 27 says, 'We’re a club, here are our rules, you tell us how many of the rules you’re prepared to accept, and we’ll kind of tell you where in the clubhouse you can go.'
That is not the British conception of what this is at all. They sort of see it as a negotiation between two equal parties.
But the British government is not interested in telling people, “You know, this thing that 52 per cent of you said that you wanted, here are the range of options: there’s less good and then there’s very, very bad”.
They haven’t actually done a lot of macroeconomic modelling of this, almost, like, deliberately.
Like, “We don’t want to know! Because leaving is going to be great, and it’s what people voted for, so let’s not spend government money on analysis that suggests that maybe people got it wrong”.
--------
And for the people that voted to leave, they are terrified because this is something they’ve been fighting to achieve for almost 40 years. It’s a generational struggle. They’ve now won, and they’re absolutely terrified''
"The EU 27 says, 'We’re a club, here are our rules, you tell us how many of the rules you’re prepared to accept, and we’ll kind of tell you where in the clubhouse you can go.'
That is not the British conception of what this is at all. They sort of see it as a negotiation between two equal parties.
But the British government is not interested in telling people, “You know, this thing that 52 per cent of you said that you wanted, here are the range of options: there’s less good and then there’s very, very bad”.
They haven’t actually done a lot of macroeconomic modelling of this, almost, like, deliberately.
Like, “We don’t want to know! Because leaving is going to be great, and it’s what people voted for, so let’s not spend government money on analysis that suggests that maybe people got it wrong”.
--------
And for the people that voted to leave, they are terrified because this is something they’ve been fighting to achieve for almost 40 years. It’s a generational struggle. They’ve now won, and they’re absolutely terrified''
[link:https://www.indy100.com/article/no-deal-brexit-economics-expert-comment-represenatives-us-embassy-9015491|
Exactly ALL of this. We are screwed.