Originally posted by Doggy Styles
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Reply to: This is how I run my house
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Previously on "This is how I run my house"
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Originally posted by d000hg View Post
I think it's pretty naive to think we should live in a world without debt.
Now we get down to the nitty gritty. IMHO this is what its all about
So is it naive for a household, a country, or both? Also please explain why It's naive
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If you're in debt but paying it back, you're temporarily poor.
If you're in debt and not paying it back, you're permanently poor.
If you're in debt and continually increasing it, hand the purse strings to someone else.
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Originally posted by lilelvis2000 View PostI disagree. Those following her were so enthralled by the amount of cash flowing around the City that they forgot anything else existed.
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Originally posted by d000hg View PostI watched a program recently which talked about the UK being the first country to adopt the concept of national debt, and that this was how we were able to afford a massive navy hundreds of years ago, possibly related to Napolean but I wasn't listening closely. Apparently the Dutch were leading the world in banking prior t us stealing their ideas and improving them, or something.
I think it's pretty naive to think we should live in a world without debt.
Anyone who borrows at usurpury interest rates (store cards, loan sharks) wants their head examined.
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Basically, Labour have not got a clue how to do good housekeeping or to keep taxes down, but we have to keep relearning that every 20 years or so. It's called democracy.
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I watched a program recently which talked about the UK being the first country to adopt the concept of national debt, and that this was how we were able to afford a massive navy hundreds of years ago, possibly related to Napolean but I wasn't listening closely. Apparently the Dutch were leading the world in banking prior t us stealing their ideas and improving them, or something.
I think it's pretty naive to think we should live in a world without debt.
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Originally posted by Scotchpie View PostThis is how I run my house:
I give it all to my wife and she gives me a little to live off (and not a penny more).
Result: Always in the black.
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Originally posted by BrilloPad View PostIt was run fine by Maggie. Its just that those following her were/are numpties.
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Originally posted by Scotchpie View PostThis is how I run my house:
I give it all my wife and she gives me a little to live off.
Always in the black.
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This is how I run my house:
I give it all to my wife and she gives me a little to live off (and not a penny more).
Result: Always in the black.
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Originally posted by BrilloPad View PostFor the last few years M4 has been increasing rapidly. If it had been targeted a few years earlier then the debt bubble would not have ballooned as much.
Though I do accept that any inflation measure targeted starts to misbehave. A bit like quantum mechanics really.
Originally posted by PM-Junkie View PostBecause we have a government in power which doesn't understand economics (Gordon Brown's degree is in history, his doctorate is in "the labour party and politics in Scotland". His economic and financial qualifications are...um....)Last edited by Bagpuss; 5 January 2009, 12:06.
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Originally posted by EternalOptimist View Post...Can the economists in the congregation tell me why the country is run any differently ?
Labour governments seek to destroy wealth to benefit those who haven't got it, Tory governments seek to protect those who have wealth to the detriment of those who don't. As a result, Labour governments always run out of money, Tory governments always run out of support.
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