tag:blogger.com,1999:blog-4732407426313451205.post8895648224366450327..comments2024-03-08T15:43:20.236+00:00Comments on Keynesian Liberal: Why won't they listen to the experts?Peter Wrigleyhttp://www.blogger.com/profile/16481117156930677255noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4732407426313451205.post-37667847452085306152016-06-23T10:56:06.100+01:002016-06-23T10:56:06.100+01:00On your first point, economists were actually quit...On your first point, economists were actually quite divided about joining the Euro. I think we should have, and that, had we done so its history could have been very different. For example, I doubt if we would have allowed both Germany and France to exceed the convergence limits, and I think it is almost certain that we would not have allowed Greece to join, and possibly not Spain and Portugal either.<br /><br />On your second point, I think you're right. I'm sure many "Outers" are determined to give the establishment a kick up the backside, whatever the cost. I suspect that, if "Out" wins, these are the people who will suffer most.Peter Wrigleyhttps://www.blogger.com/profile/16481117156930677255noreply@blogger.comtag:blogger.com,1999:blog-4732407426313451205.post-52856626594747240182016-06-21T09:52:25.433+01:002016-06-21T09:52:25.433+01:00It's worth bearing in mind that a lot of these...It's worth bearing in mind that a lot of these experts thought Britain should have joined the euro, so they have already been proven to be wrong once. <br /><br />It's also worth noting that even if the expert is right, as well as the fact that 'economists […] are not politicians and do not understand the issues of judgement required in achieving objectives' there is also the possibility that people simply disagree with the experts about what objectives they are trying to reach. <br /><br />For instance, an expert may say, 'if you do this you will end up with less money than otherwise,' and someone replies, 'okay, I accpt that I will end up with less money, but I will gain something more important than money, so I will do it anyway' then they are ignoring the expert opinion but they are doing so for perfectly sensible reasons related to what values they put on various outcomes. Anonymousnoreply@blogger.com