To change economics I must first appreciate it.

The more I read on economics the more I appreciate the wonderful nature of the changes that have occurred. When one criticises modern economics it cannot be the dismissing of a weak and feable foe, but only the engaging in battle of a valiant and glorious opponent. It is becoming easy to see the attraction of the work of economists which explains why their ideas have become so captivating - it also raises the bar on how good the alternatives have to be!

A note to check up how the BOE can blatantly lie about "I promise to pay the bearer the sum of ..." without being sued. Never has there been in the history of humanity a more wilful and unashamed deception of the common man. Everyone of us carries a piece of paper with the signature of Andrew Bailey undersigning a direct and undisputable promise. Yet it is a lie! because we are in a fiat money system and that paper actually is the money. The signature and promise are carried on to try and imbue the paper with the old "feeling" of wealth which is held by gold.

Either Keynesian economics works in which case we accept fiat currency or it doesn't in which case why not have the gold standard back? In which case do away with the promise or keep it as it was. What beggars belief is that the fiat system is so insecure that it must lie to confidence trick people into using it! What kind of people are these? It is no wonder that the economy is collapsing under unpaid debts, frauds, dodgy building scams when the very people who run the system are themselves liars! Truely extra-ordinary. That we are expected to take the "system" seriously and the people who take up positions in the system seriously is ludicrous... and the system had failed to impress me before even thinking about this!