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bearish
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Re: What is Trussonomics?

October 14th, 2022, 9:13 pm

I tend to agree that there is a real element of cargo cult science to academic economics. And we can quibble over whether the current mismanagement is a matter of politics or economics (I guess they used to be the same thing?). But the fact that you can’t realistically be perfectly right doesn’t mean that there aren’t degrees of wrong. And the dynamic Truss/Kvarteng duo got it pretty spectacularly wrong, and seemingly didn’t even go through the motions of appearing to try and get it right. I think the current situation speaks for itself, and will probably continue to do so until the dynamic duo is once again together.
 
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Paul
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Re: What is Trussonomics?

October 15th, 2022, 8:28 am

I had an email from the Conservative Party saying that their "In Liz We Truss" mugs are going fast. It's not clear where they are going though.
 
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Cuchulainn
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Re: What is Trussonomics?

October 15th, 2022, 11:20 am

I had an email from the Conservative Party saying that their "In Liz We Truss" mugs are going fast. It's not clear where they are going though.
They are all mugs.
 
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Paul
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Re: What is Trussonomics?

October 15th, 2022, 11:23 am

Sigh. I really hoped no one would go for the easy one. Note to self: There’s no lower bound for expectations.
 
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tags
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Re: What is Trussonomics?

October 15th, 2022, 3:19 pm

What is an appropriate time window for a thread title "The first/last X days of PM Truss"?
 
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Paul
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Re: What is Trussonomics?

October 15th, 2022, 4:14 pm

How fast is your typing?!
 
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Cuchulainn
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Re: What is Trussonomics?

October 15th, 2022, 6:59 pm

What is an appropriate time window for a thread title "The first/last X days of PM Truss"?
Too easy; we needed a new title, that's why I chose Trussonomics. I heard it for the first time on BBC2 and it kinda stuck.
 
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katastrofa
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Re: What is Trussonomics?

October 16th, 2022, 5:57 am

https://inews.co.uk/news/doctors-attack ... ps-1914348
"Doctors have criticised “risky” plans from Thérèse Coffey for chemists to prescribe antibiotics to patients without seeing a GP – and branded the new Health Secretary “reckless” over suggestions she has handed her own supplies out to friends."

As much as her suggestion sounds crazy in the light of Alexander Flemming's Nobel speech, it's hopelessly innocuous these days. Some crude statistics from here and there: majority of antibiotics is prescribed for diseases not caused by bacteria, majority of antibiotics in the ecosystem come from meat farms where they are used to fatten the animals up, majority of the pharmaceutical industry has given up on developing new antibiotics (the rate of their withdrawal / bugs acquiring resistance is too high to make it either profitable or effective). So knock yourself out!
 
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Cuchulainn
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Re: What is Trussonomics?

October 16th, 2022, 10:15 am

Image
 
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Paul
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Re: What is Trussonomics?

October 16th, 2022, 11:18 am

It’s important for ministers to use the services of their department. I think she’ll be seeing a lot of the NHS in the future.
 
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Cuchulainn
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Re: What is Trussonomics?

October 16th, 2022, 2:20 pm

BTW can you get Cuban cigars in NYC these days or is it still stuff from  the Domenican Republic?
 
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Cuchulainn
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Re: What is Trussonomics?

October 16th, 2022, 7:42 pm

Waste not,want not

Thérèse Coffey criticised for giving leftover antibiotics to a friend

https://amp-theguardian-com.cdn.ampproj ... o-a-friend

Somerville College celebrated her appointment by posting a Facebook message on Wednesday that said: “Somerville College congratulates Thérèse Coffey (1989, chemistry) on her appointment as health and social care secretary.”

1989?
 
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Paul
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Re: What is Trussonomics?

October 17th, 2022, 12:37 pm

It’s in the Bible, the Wets Shall Inherit the Cabinet.
 
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Paul
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Re: What is Trussonomics?

October 17th, 2022, 10:08 pm

A) Why haven’t the usual suspects said that the firing of the Chancellor is because of his colour?

B) Why isn’t the media asking question (A)?
 
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bearish
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Re: What is Trussonomics?

October 18th, 2022, 12:57 pm

I will idly speculate that he demonstrated such a remarkable level of incompetence that the idea didn’t occur to anybody. One might as well ask whether he was given the job in the name of DEI, but somehow Truss doesn’t strike me as the type.