Originally posted by Cyberman
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By contrast the Tories did try it again (1992) when they should have known better; and they (or their voters) do have an attachment to the idea of a strong pound.
Contrary to all expectations, Labour governments do learn from experience about the economy, and change their ways in response, probably because they have a need for the economy. Conservative governments, by contrast, do not learn from their mistakes in the economy, because the economy and their preconceived notions about it is exactly what they are there for. Thus the Tories can "succeed" simply by telling themselves that they handle the economy better (and some mugs believe it): whereas Labour knows when it isn't working, because they really have plans to implement.
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