'Oh, so that's who Richard Morris is..." Lord Hattersley on The Daily Politics

'An influential activist' - The Guardian

'Iain Dale, without the self loathing' - Matthew Fox in The New Statesman

'
You are a tinker...' - Tim Farron

Sunday 4 December 2016

People act against their own economic interest quite deliberately every single day...


My latest musing on Lib Dem Voice...

"I’m hearing the same argument uttered over and over again  - ironically by both sides  - in the #Brexit debate.

Remain supporters keep saying ‘no-one in Britain voted to be worse off in the referendum campaign’, on the presumption that folk don’t vote against what they believe is in their economic interest.

Leavers, for the same reason, believe that they’ll get a great deal in their Brexit negotiations because ‘its in the remaining EU member countries economic interests to do so’

Both sides are of course wrong. People make quite deliberate decisions against their economic interest every day. The reason why political folk don’t realise this is because they are brought up in a culture of Fiscal and Monetary economics. The real world works rather more like Behavioural Economics...."



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