Sas's vote for idiot of the day....spot on I would say.
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The G20 has lost the plot
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Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God? - Epicurus -
PM'd Chris79 a few times. Proper nice bloke. HTHKnock first as I might be balancing my chakras.Comment
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Originally posted by sasguru View PostPopulist nonsense for simpletons.
Don't bother your tiny brain cell with economics.
In fact, as Keynes showed, a country (it's businesses, government and people) HAS to spend its way out of recession.
Unfortunately, governments only like to look at the borrow/spend bit of the deal, so it's doomed to failure.Comment
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I am sick and tired of Keynesian Economic Theory.
NONE of his theories have been proven.
Because unless you can track the timeline in a parallel universe that did NOT apply Keynes's theories, you can't say whether it helped or hindered.
The Great Depression tried Keynes' approach and it took a world war 15 years later to drag the world out of the economic doldrums. Keynesian tactics failed in the '30s.
From a basic common sense perspective Keynes pretty much advocates Inflating away the debt in all but name.
If you are not TRULY creating new wealth via tangible worthwhile products and services, you are basically pushing around funny money and devaluing everything.Comment
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Originally posted by bobhope View PostKeynes' thing is really just a re-hash of the old biblical thing of seven years of plenty followed by seven years of famine, i.e. in good times you store up in preparation for bad times.
Unfortunately, governments only like to look at the borrow/spend bit of the deal, so it's doomed to failure.Comment
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Originally posted by PM-Junkie View PostSas's vote for idiot of the day....spot on I would say.
You have to be idiot of the day for agreeing with the stupid fool !!Comment
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Originally posted by AlfredJPruffock View Posts readers know, I always blamed the credit bubble on two forces.
Wrong.
OH in "Sir Humphrey" modeWork in the public sector? Read the IR35 FAQ hereComment
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Originally posted by Solidec View PostI am sick and tired of Keynesian Economic Theory.
NONE of his theories have been proven.
Because unless you can track the timeline in a parallel universe that did NOT apply Keynes's theories, you can't say whether it helped or hindered.
The Great Depression tried Keynes' approach and it took a world war 15 years later to drag the world out of the economic doldrums. Keynesian tactics failed in the '30s.
From a basic common sense perspective Keynes pretty much advocates Inflating away the debt in all but name.
If you are not TRULY creating new wealth via tangible worthwhile products and services, you are basically pushing around funny money and devaluing everything.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostThank you O great economist. When do you pick up your Nobel?Comment
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