Hetero Economist Slips Into The News

inflation & the cost of living crisis; the lack of growth, investment & productivity; and, as ever, the unsustainability of global inequality & the ecological crises. bbc 18-8-2022 - Josh Ryan Collins

The news clips below are not today’s news. But they could be. They are not spinning today’s specials but focus on the bigger picture: inflation & the cost of living crisis; the lack of growth, investment & productivity; and, as ever, the unsustainability of global inequality & the ecological crises.

watch newsnight video on bbc.iplayer or below

Even without a hetero economist in the frame, the newsnight clip does contain “abstract discussion at the level of economic theory” and shows how the “desperately superficial arguments” for tory tax cuts unite ex Barclay’s Baroness Wheatcroft with ex BoE banker David Blanchflower in an “unusual degree of consensus”:

desperately superficial arguments

The second bbc news clip exposes viewers to an unusually intelligent and comprehensible commentary by a bona fide economist, albeit a non orthodox one from marginal academia. Watch how, perhaps surprisingly, the main-streamishish fellow commentators find themselves in “almost complete agreement”?

watch clip on gm/utube here or below

Inflation? Focus attention on the better off and strategically tax and invest to decarbonise…”

How a hetero economist like Josh Ryan Collins managed to slip through central casting may have to be trashed out at the next bbc board meeting? It’s probably just a case of all the usual ortho economists being on holiday…

Just follow the money…