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The economy is in big trouble
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Originally posted by lilelvis2000 View PostI took a course on economic in University and yeah. In the good times, taxes rise to build up a surplus for use during the recessions - when taxes are supposed to drop. And there's all sorts of complexity with money supply etc.. but overall that's the basis of.
Don't know what Chicago school theory or Adam Smith would do about the current situation though. Perhaps just throw up their hands?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.Hard Brexit now!
#prayfornodealComment
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Originally posted by Old Greg View PostWouldn't the Chicago boys just back a military fascist coup like that of Mrs T's dear old friend Pinochet?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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Double dip here we come.
House prices off a cliff, reposessions galore, unemployment > 10%, pound in your pocket worth zilch.
It's globalisation for you.
If you earn > £100K, you'd better be sure you're producing 10 times as much value as Bob who earns £10K.
Are you?Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostDouble dip here we come.
House prices off a cliff, reposessions galore, unemployment > 10%, pound in your pocket worth zilch.
It's globalisation for you.
If you earn > £100K, you'd better be sure you're producing 10 times as much value as Bob who earns £10K.
Are you?Comment
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“The budget should be balanced .... public debt should be reduced, the arrogance of officialdom should be
tempered and controlled, and the assistance to foreign lands should be curtailed lest we become bankrupt.
People must again learn to work, instead of living on public assistance.”
David Camerrr - no acrually it was that Roman chap Cicero 55 BC.
Dont worry folks - its the same old , same old ...Comment
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Originally posted by AlfredJPruffock View PostDavid Camerrr - no acrually it was that Roman chap Cicero 55 BC.Comment
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Originally posted by AtW View PostRoman Empire was doing all right at the time - I guess they knew how to run the economy?
A wee trip back in my Tardis reveals that the Empire was doing just fine in Ciceros Day- till some idiot general decided to go East to Mesopotamia - the costs of that conflict bled the Empire dry then we had to literally soften and devalue the currency - to top it all with all the bloodshed going on no-one wanted to join the Milltary so we had to use outsourced labour - big mistake.
At least future generations will learn from the downfall of the Glory that was Rome.
Won't you Chaps ?Last edited by AlfredJPruffock; 25 January 2011, 19:56.Comment
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