‘And you thought the economy was safe in their hands’

An Unusual Economist

One of the dominant issues of this election campaign is the fitness of the contending leaders to manage the economy. Quite rightly people complain of this being a boring election campaign, as the big issues that concern us are largely ignored. Given the superficial nature of the campaign what is never mentioned is the incompetence politicians of all parties have demonstrated when managing the economy. Although my essay is about the UK, the issue of economic mismanagement is a characteristic of all governments of the Western world, there are no politicians of the calibre of Franklin Roosevelt or George Marshall. Instead we have a Rand Paul, David Cameron and Angela Merkel none of whom have an understanding of the current economic crisis.

When I was a teenager the recurrent problem was the balance of payments deficit, there were continuing runs on the pound sterling and the government was constantly having…

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About Damian Merciar
Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

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