My Letter to the Prime Minister of the United Kingdom Economic Growth.

[morganist]

I have written a letter to the Prime Minister of the United Kingdom regarding economic growth. The letter was originally published at morganist economics.

http://morganisteconomics.blogspot.com/2020/06/letter-to-prime-minister-of-united.html

"To: 10 Downing Street
London
SW1A 2AA​

To: The Prime Minister the Rt Hon Boris Johnson.


Regarding: Concerns Over Negative Economic Growth Rate.

Sunday, 14th June 2020.​

I am a macroeconomist and have my own school of economic thought 'Morganist Economics' which the British government uses extensively. I have become concerned about the rate of economic growth which has been predicted to fall to -11.5% for the year, as a result of the Corona Virus. I have been developing new alternative economic growth tools that could be used to stimulate the economy to compensate for the loss of trade caused by the lockdown.


I have been working on generating economic growth through taxation exemptions for further work or supplementary income. There are two new techniques I have pioneered the Rising Personal Allowance on Income for Dual occupation, the 'R-PAID' and the Secondary Allowance for Supplementary Income, the 'SASI'. There is massive potential for economic growth from allowing taxation exemptions for supplementary work without consequences.


I have enclosed a letter which I sent to the Chancellor of the Exchequer earlier this year that puts forward the suggestion of introducing the R-PAID to stimulate economic growth and supplement the workforce's income. There is more work on the subject at my website, which is available on the 'Supplementary Income' page. Taxation exemptions for further work should not impact the existing taxation revenue and should stimulate more economic growth.


Kind Regards.

Peter James Rhys Morgan."

 

[Cuddles]

 

[morganist]

View attachment 230656

My school of economic thought that has been implemented in the United Kingdom over the last decade hit the economic growth targets, inflation targets, kept interest rates low, made unemployment fall like a stone and made billions of treasury cost efficiencies every year since it has been used. All of this has been achieved through my letters, which I have shared with you. See the success page of my website morganist economics.

http://morganisteconomics.blogspot.com/

Also the UK got the Brexit Deal and Trade Deal it wanted. This is further evidence of my successful letter writing. You should all do it to, it helps to stabilise the economy and also save the country billions every year.

 

[bone]

Please provide peer reviewed empirical evidence. I can find none. And your links are not formal proofs in the conventional academic sense.

My school of economic thought that has been implemented in the United Kingdom over the last decade hit the economic growth targets, inflation targets, kept interest rates low, made unemployment fall like a stone and made billions of treasury cost efficiencies every year since it has been used.

 

[d08]

Taxation exemptions for further work should not impact the existing taxation revenue and should stimulate more economic growth.

How? If Joe takes another job on which is now taken from Peter but Joe pays less taxes (no taxes?) on it and if Peter was paying taxes. How won't the economics change? Also, if Joe is now more stressed for having two jobs, he's more likely to visit NHS.

 

[bone]

I searched LinkedIn for your CV to no avail. Which is unusual for a published Economist. I also could not find anything substantive on your economics training background in your Amazon booklets.

I am sincerely NOT trying to troll you - but I query along these lines because I can find no empirical evidence or recognized academic validation citing your personal work to back up your rather startling claims.

I confess to being a bit disoriented. Are you claiming to name a line of academic thought "Morganist Economics" that is original to yourself? Or are you organizing a loose confederation of various established and peer published economic principles into a centralized dogma and calling it your own?

I am a macroeconomist and have my own school of economic thought 'Morganist Economics' which the British government uses extensively.

Kind Regards.

Peter James Rhys Morgan."

 

[Cuddles]

I searched LinkedIn for your CV to no avail. Which is unusual for a published Economist. I also could not find anything substantive on your economics training background in your Amazon booklets.

I am sincerely NOT trying to troll you - but I query along these lines because I can find no empirical evidence or recognized academic validation citing your personal work to back up your rather startling claims.

I confess to being a bit disoriented. Are you claiming to name a line of academic thought "Morganist Economics" that is original to yourself? Or are you organizing a loose confederation of various established and peer published economic principles into a centralized dogma and calling it your own?

You should try the county records office

 

[morganist]

Please provide peer reviewed empirical evidence. I can find none. And your links are not formal proofs in the conventional academic sense.

Look at the Success page on my blog. How can empirical evidence of the economic targets being achieved not be evidence of the success of using pension saving alterations when targets have only been achieved at the time pension saving was managed. I struggle to understand and always did, how you don't understand the impact the rate of pension saving has on the economy.

It is a saving mechanism like the interest rate mechanism that impacts consumer and business spending ability. The fact pension saving was not managed previously might have been a problem in itself. It seems to be needed to be managed to prevent either excessive interest rates or massive government debt. If nothing else it has cut down the treasuries costs massively through efficiencies in the tax relief payment system.

Then there is savings it has made on government debt payments by keeping inflation and interest rates low. Regardless of any other reason the Treasury efficiencies make pension saving control worth doing. Look at how much unemployment fell when pension pumping was introduced in 2012. It works really well you should be happy to see a new macroeconomic model and economic school of thought that works.

 

[bone]

If that is truly the case - I should be able to find dozens of papers from the LSE, Cambridge, and the BoE correlating managed pension savings directly to UK economic performance. Got some links?

Black Rock will be thrilled with your achievements. They should have thought of this 32 years ago. I nominate you Chairman Emeritus.

How can empirical evidence of the economic targets being achieved not be evidence of the success of using pension saving alterations when targets have only been achieved at the time pension saving was managed.

 

[morganist]

I searched LinkedIn for your CV to no avail. Which is unusual for a published Economist. I also could not find anything substantive on your economics training background in your Amazon booklets.

I am sincerely NOT trying to troll you - but I query along these lines because I can find no empirical evidence or recognized academic validation citing your personal work to back up your rather startling claims.

I confess to being a bit disoriented. Are you claiming to name a line of academic thought "Morganist Economics" that is original to yourself? Or are you organizing a loose confederation of various established and peer published economic principles into a centralized dogma and calling it your own?

It is the school of economic thought that the British government has used over the last decade. On the Success page on my blog there is a letter from the Chancellor of the Exchequer at the time stating his intention to use my work, which is what subsequently happened. The work I produced in my books has been used by the British government. They have been using alterations in pension saving to control the economy, which has not been done previously. They have introduced mandatory employer pension contributions, they have made it so pensions that have started income drawdown can allow new contributions to be made which was not allowed previously, they have increased the availability of corporate bonds which was recommended in my books. Finally they have used direct extractions of recommendations I put forward in the book Modern Applied Macroeconomics in the update of the Registered Pension Schemes Manual, which is now called the Pension Tax Manual.

Since using the pension reforms I have put forward the economic targets have been hit and there are straight lines. This is a new occurrence and has not happened previously. The effects of the pension alterations coincide directly to the alterations in the pension saving alterations. Look how unemployment fell when pension pumping started in 2012. There seems to be a direct correlation, also not that the interest rate was the same rate three years before the pension pumping started and four years after it started. The interest rate was not the active mechanism that achieved the low unemployment rate it was the pension pumping as it started directly after the pension pumping started. In terms of whether the work is mine, there are four books dating back to 2006 that has work in them that have been directly used by the government after their publication. The books have massively influenced economic policy in the UK and some countries in Europe too. I have letters from many politicians thanking me for my work and stating their gratitude for sending it to them.

In terms of my work as an economist, in addition to writing four books that have massively influenced government policy I have worked as journalist. You can see some of my articles at the Huffington Post. The articles in my books are also largely published articles that have influenced government policy or predicted accurately what will happen next. Look below to see the link to my blog at the Huffington Post. I predicted the UK would leave the EU, the book Euro Crisis predicted this accurately too.

https://www.huffingtonpost.co.uk/author/peter-morgan/