tag:blogger.com,1999:blog-3083855923964640893.post8338894864436852086..comments2023-11-05T10:53:07.638+00:00Comments on Patently Rubbish: A new sort of Chaos?patentlyhttp://www.blogger.com/profile/00602962323262055007noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3083855923964640893.post-31247669288126083992008-11-21T20:22:00.000+00:002008-11-21T20:22:00.000+00:00No, I had it on my ZX Spectrum ;-)No, I had it on my ZX Spectrum ;-)patentlyhttps://www.blogger.com/profile/00602962323262055007noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-49421178879774916542008-11-21T18:48:00.000+00:002008-11-21T18:48:00.000+00:00Did you used to have that "Fox and Rabbit" program...Did you used to have that "Fox and Rabbit" program on your early 286 VGA <BR/>IBM? <BR/>The one where you put in any number for each and the program went by until equilibrium had set in, or both sets were wiped out.Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-20157518305423516262008-11-21T17:25:00.000+00:002008-11-21T17:25:00.000+00:00LFAT - there is a very thin line between "brillian...LFAT - there is a very thin line between "brilliant polymath" and "raving lunatic". :-)patentlyhttps://www.blogger.com/profile/00602962323262055007noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-74594585946788812772008-11-21T17:24:00.000+00:002008-11-21T17:24:00.000+00:00I think you're right, BE. Stability is very tempt...I think you're right, BE. Stability is very tempting, but the difference between that and stagnation is too slim for comfort. We have to push for growth, but at the same time be aware of the risk and be prepared for it.<BR/><BR/>And there is the great failure of Brownism; by pronouncing an end to boom and bust, he gave himself permission to ignore the downside risk. But he was not willing to accept the lower returns of mere stability, so allowed the economy to steam on. The policy is and always was self-contradictory.<BR/><BR/>Where we all (as a nation) failed was in not noticing in 2001 or 2005 that Brown actually believed his own rhetoric. I don't think anyone else genuinely believed that we really had seen an end to boom and bust; the problem was that we didn't spot that <I>he did, and was acting on it.</I>patentlyhttps://www.blogger.com/profile/00602962323262055007noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-39907687325154665932008-11-21T11:42:00.000+00:002008-11-21T11:42:00.000+00:00ps should anyone say "BE you are evil, you would l...ps should anyone say "BE you are evil, you would let people be destroyed by the economic gyrations" I say to them: people would have to take responsibility for saving up while they had good jobs in order to tide themselves over during a downturn. Isn't that what used to happen?Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-32901424485579514622008-11-21T11:40:00.000+00:002008-11-21T11:40:00.000+00:00No you are far better than an economist. I am not...No you are far better than an economist. <BR/><BR/>I am not into stability, I am into development. Does anyone suppose that we would have had the industrial revolution if we had been as risk-averse as the present regime? I can just imagine some technocrat saying "those railways don't look up to much, why would anyone want to take stuff around more quickly than by canal?"Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-3083855923964640893.post-79343082411471193232008-11-21T10:13:00.000+00:002008-11-21T10:13:00.000+00:00"Guess I'm just a frustrated economist, really......."Guess I'm just a frustrated economist, really...." <BR/><BR/>No kidding!Letters From A Toryhttps://www.blogger.com/profile/14612766550608940053noreply@blogger.com