New Economics Foundation & the Bankers

23 11 2010
Category: Politics, finance

The New Economic Foundation is going up in my estimation. They’ll certainly breathe a sigh of relief about that…I’ve been wary of the NEF (Neff? En-Ee-Eff?) for a while.

Ever since they published a report that came to the conclusion that care within the family, and household chores, were ‘seven to ten times’ more valuable than the work of bankers to the economy. Nice round numbers.

They were very pleased with themselves for this report; maybe it was smugness connected to understanding that an economic think tank writing anything negative about bankers was likely to get a good press, no matter how nonsensical.

But the fact they were writing nonsense bothered me. It told me that they were an organisation more focused on the easy headline (and getting on Radio 4’s Moral Maze) than saying important and true things. Read the rest of this entry »

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