Monday, 18 April 2016

The Hoover Cycle

Been reading about the similarities between Trump and Herbert Hoover; they are such that if the USA votes Trump in as President then they should probably expect to see the same disastrous results.

I detest these Lycra-clad competitive cyclists you see infesting our roads these days. I was stuck behind two of them yesterday, riding their bikes as if they were the width of cars and firmly sticking to the middle of the carriageway. A whole queue of traffic was reduced to 25 mph. At other times you see them riding two abreast and chatting away, oblivious to the mayhem they cause.

Not content with using the dream team of Beefy Botham and Arsene Wenger to persuade us to vote NO to Europe, the Brexits are now castigating Jeremy Corbyn for changing his mind. Even Winston Churchill crossed the floor of the commons more times than the proverbial chicken crossed the road. There's nothing wrong with changing your mind, at least it shows you have analysed the pros and cosn. If people didn't change their minds we'd still be saddled with medieval laws on such things as slavery, women's votes and gay rights.

Here's a list of just a few people who changed their minds:
  • George Orwell,
  • Mikhail Gorbachev,
  • F.W. De Klerk,
  • Buddha,
  • Ralph Waldo Emerson,
  • Mahatma Gandhi.
John Redwood is casting aspersions on the latest Treasury forecasts for Brexit using the fact that the Treasury got it wrong in the 1990s over the Exchange Rate Mechanism. Using a rear view mirror and selectively choosing the data points is not always the best argument, For a start it suggests no advancement in forecasting techniques in 25 years and it's like saying the last time we left Europe politically (or rather, it left us) we ended up with the Dark Ages. It's tantamount to stating no Treasury forecast is worth the paper it's written on, which is nonsense: the reason ERM was disastrous for the UK is that sterling became the subject of currency speculators, particularly one person, George Soros, which was not possible to forecast. So there's your choice; UK Treasury or the opinions of Beefy and Wenger, who of course have never been wrong.

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