Originally posted by seanraaron
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More pensions doom
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Originally posted by sasguru View PostYou really are thick as minceComment
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Originally posted by bobspud View Post
There's a reason why no country has tried it wholesale.
On the whole do you think it would make us more or less competitive?
But nothing the left proposes surprises me any more - I've read a book where an educated lefty suggested we just print money and hand it out (this is quite a bit different from the helicopter money theory which has been proposed in an extreme deflationary scenario).
Again there's a reason why no serious economy has ever tried it.Hard Brexit now!
#prayfornodealComment
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Originally posted by BrilloPad View PostIt was going well in the 1980s. Then John Major and Badger Lamont took over.
They started the grab from pension pots via ACT. Labour completed the process.
Now we are all encouraged to spend to keep the economy going. To assume that ZIRP will continue forever.
Just what the flaming **** did the Tories spend it all on?Comment
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Originally posted by PurpleGorilla View PostAnd that was with booming North Sea Oil and the privatisation of our national infrastructure.
Just what the flaming **** did the Tories spend it all on?Comment
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Originally posted by DimPrawn View PostRiot shields, tax havens, prostitutes and duck houses.Comment
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Originally posted by sasguru View PostBut nothing the left proposes surprises me any more - I've read a book where an educated lefty suggested we just print money and hand it out (this is quite a bit different from the helicopter money theory which has been proposed in an extreme deflationary scenario).
Again there's a reason why no serious economy has ever tried it.
@Prawny Nice solution if anyone wants to buy your house - still a gamble, regardless of whether the assets are physical.Comment
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Originally posted by BrilloPad View PostIt was going well in the 1980s. Then John Major and Badger Lamont took over.
They started the grab from pension pots via ACT. Labour completed the process.
Now we are all encouraged to spend to keep the economy going. To assume that ZIRP will continue forever.
ZIRP won't last forever though. It will be replaced by NIRP and mega QE.Comment
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Originally posted by DimPrawn View PostThe talking of rate rises is bollux, they are trying to position the markets not to rely on stimulus, but only a moron would believe in rate rises.
ZIRP won't last forever though. It will be replaced by NIRP and mega QE.Comment
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Originally posted by sasguru View PostYes I'm aware of the lefty argument for a universal basic income.
There's a reason why no country has tried it wholesale.
On the whole do you think it would make us more or less competitive?
But nothing the left proposes surprises me any more - I've read a book where an educated lefty suggested we just print money and hand it out (this is quite a bit different from the helicopter money theory which has been proposed in an extreme deflationary scenario).
Again there's a reason why no serious economy has ever tried it.
the fact that it has not happened yet isn't the argument to say it never will.Comment
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