About the Renegade Economist
Fred Harrison is one of a band of renegade thinkers who challenge the misinformation being purveyed by once trusted political and financial institutions.
Governments and central bankers are scrambling to understand how they allowed the global financial crisis to occur. They rationalise these events (to avoid blame being pinned on them) while searching for ways to mitigate the damage inflicted on the global economy.
In 1997 Harrison warned Tony Blair and Gordon Brown that the British economy was heading for disaster. They didn’t listen. He then spent a decade telling politicians and central bankers how to avoid the looming crisis. They didn’t listen.
In 2005 his book Boom Bust: House Prices, Banking and the Depression of 2010 enjoyed substantial public response, which inspired this website. The Renegade Economist exists to challenge the increasingly desperate measures adopted in response to the deepening global depression.
So the prediction was right...
Was Fred Harrison’s prediction pure luck? His forecast was based on the prediction that the globalised housing market would peak in the winter of 2007/08. He was correct. This was a test of the theory that he first applied in 1983. In The Power in the Land he offered a 10-year forecast that predicted the crash of 1992.
The analysis is correct. What are the solutions?
Policies exist which, while unpalatable to the powers that be, would unlock the full potential in our societies and in each of us as individuals. Those reforms would also head off the next destructive boom/bust cycle.
Vested Interests and Guarded Secrets
The authorities are trying to safeguard their reputations by trying to convince us that they are competent to prevent further economic deterioration, despite the onset of stagflation, unemployment and housing markets in freefall.
Nothing that the authorities can do will stop the inevitable happening. Because they refused to fine-tune their policies, governments consigned the economy to the worst bout of instability since the Depression of the ’30s.
Our competing analysis can be tested against the facts as these unfold. The doctrine on which smash-and-grab economics is based will be exposed to the public.
