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The economy is in big trouble
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First the BOE had to avoid deflation - so they printed money. Now we have inflation (which the BOE and the US Treasury created) and everyone is tulipting their pants.
Isn't it time we stopped using Keynesian methods to attempt to control the economy?McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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Originally posted by lilelvis2000 View PostFirst the BOE had to avoid deflation - so they printed money. Now we have inflation (which the BOE and the US Treasury created) and everyone is tulipting their pants.
Isn't it time we stopped using Keynesian methods to attempt to control the economy?Comment
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Originally posted by Old Greg View PostI'm broadly in favour with Keynesian methods but it only works if you run a surplus in the growth years. It's too late to start in the recession.
You don't borrow more to spend when your spending has bankrupted you.
If you've been prudent and built up a surplus, you spend it in the lean years.
Christ, a 5 year old must see this, but the New Lie only knows tax and spend, then borrow and then spend 10x that and then print money and borrow 100x that....Comment
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Originally posted by DimPrawn View PostWHS.
You don't borrow more to spend when your spending has bankrupted you.
If you've been prudent and built up a surplus, you spend it in the lean years.
Christ, a 5 year old must see this, but the New Lie only knows tax and spend, then borrow and then spend 10x that and then print money and borrow 100x that....Comment
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Originally posted by milanbenes View PostMorning Gricer,
do you and Malc have children and will you be taking them abroad for half term or easter ?
We feel that standing around on draughty railway stations is not a suitable environment for young children.
I might add that I do enjoy contact with young people. I am actively involved in the Scout movement and, indeed every year Malc and I perform in our barbershop quartet at the scout gangshow. I reported on last years event within this forum somewhere. I can dig out the link if you're interested.
Originally posted by milanbenes View PostHow's it going with Malc's sleeping patterns ?
Originally posted by milanbenes View PostAny news on possible re-entry to the Rotary club ?Comment
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Originally posted by Old Greg View PostI'm broadly in favour with Keynesian methods but it only works if you run a surplus in the growth years. It's too late to start in the recession.
Don't know what Chicago school theory or Adam Smith would do about the current situation though. Perhaps just throw up their hands?McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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When shoe shining boys like sasguru start passing judgement on economy that's when it is really in trouble.Comment
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Originally posted by AtW View PostWhen shoe shining boys like sasguru start passing judgement on economy that's when it is really in trouble.Comment
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