Posts by Adam Richardson

Eclipse ISP is OK :)

Top marks to my ISP, Eclipse. The test shows they pass :)

"But all these projects bring jobs to Blighty"

"But all these projects bring jobs to Blighty"

That's not really true. Spending the money on the UK arms industry just *diverts* jobs from other bits of the economy. It doesn't *create* them. Some people probably argue that military jobs are "better" than insurance jobs (or whatever) but I don't know why really.

Anon wrote:

"The economic reality is: Spend the money in the UK and it just goes around in the economy, funding equipment rather than unemployment. Its essentially free."

No, this isn't reality at all. It's a complete fallacy. Under no circumstances is buying inferior, expensive equipment "good for the economy"... and you can't "fund unemployment"... and claiming it's free is frankly bizaare. Presumably you think we can purchase an infinite number of Eurofighters, Destroyers, tanks etc. That's what "free" means.

El Reg looses it

The Register spends its time with sarcastic put downs and ironic observations. It's a shame it can't see other people's sarcasm when it smacks you in the face!

"It's always possible that the man [Clive Crook] is merely being comical in some leaden economist fashion"

Um, duh! Yeah, just maybe.

What's revealing is that Clive's making jokes while El Reg is have a hysterical fit worthy of a true Red Top. (Hint: maybe, just maybe, you've misunderstood what the IMF authors actually wrote.)