Nobel Economist Sees A Roaring Recovery...

HAMISH_MCTAVISH

nearlynew wrote: »

Please save me from my debt-induceded predicament.


I need HPI so I can have some money to spend.

:rotfl::rotfl::rotfl::rotfl:

You are a funny little troll, I'll give you that.

Yakubu22

HAMISH_MCTAVISH wrote: »

:rotfl::rotfl::rotfl::rotfl:

You are a funny little troll, I'll give you that.

Hamish, you always put a smile on my face (genuinely). Your posts remind me of Dr. Evil in Austin powers

HAMISH_MCTAVISH

Yakubu22 wrote: »

Hamish, you always put a smile on my face (genuinely). Your posts remind me of Dr. Evil in Austin powers

Yes, well I didn't go to Evil medical school for 8 years to be called "Mister"...

sabretoothtigger

Generali wrote: »

I agree it is an interesting read.

The point about the difference between the UK and US 'stimulus' packages is well made - the UK has a fundamental structural problem to address as well as a 'cyclical' one.

The cyclical problem is clear for all to see. The structural problem is that the UK Government owes too much (especially when pensions are included) and spends too much. The structural problem is the biggie in the UK and I fear may be too large to be addressed; some kind of default on promises (pensions) may be inevitable.

The default on pensions is a given I think, only the recent talk of growth in uk population (and so its future tax income) could mitigate that, meanwhile that growth is just another burden :doh: Thats why he talks about it being inevitable I think


The money will just become less and less especially if inflation turns bad because tracking error, rises in costs to pensioners will probably be greater then an average person or the offical measures


Usa has more growth potential but I think they are worse off short term and until they change their crappy politics and economics

Mr_Mumble

bernard_shaw wrote: »

Saints preserve us! Libertarians now is it? I suppose libertarianism's all right if you like the serfdom that monopoly and oligarchy bring.

http://www.answers.com/libertarian

n.

1. One who advocates maximizing individual rights and minimizing the role of the state.
2. One who believes in free will.

You seem to be mixing up some antonym of Libertarian. Freedom and individual rights are malapropos to serfdom.

I wonder if the OP's aware that the only regime in the world today pursuing a libertarian agenda is..........

Col. Gadaffi's Libya? :eek:
I know the Scots like him, but to slavishly follow his politics seems a bit much.
:rotfl::rotfl::rotfl:

Dear Mr B.S.,

Since Libertarianism is a belief in free will how can you claim that one of the least free countries in the world (as measured by Freedom House) is in any way, shape or form Libertarian?

mewbie_2

HAMISH_MCTAVISH wrote: »

The US housing market and UK housing market are decidedly different creatures.

Despite all the hpc muppetry of claiming the UK follows the US, the two have behaved worlds apart, with the UK leading the US out of the crash, not the other way around.

Now, a 2 year old with half a brain could have told you that we simply don't have the massive cheap supplies of land, liberal planning laws, and cheap building costs that they do, thus we didn't have an oversupply of housing stock like they did, thus the two markets would behave differently.

I feel like a 2 year old having a light bulb moment.

IF there is so much space and all that in the US which apparently means they must crash harder THEN why did they have such a big bubble? That argument of yours doesn't make any sense Hamish. It implies the two bubbles were somehow, amazingly, bubbles for different reasons. Ours was because of fundamentals and planning restrictions - and those crazy Yanks just went bonkers all by themselves.

Sorry about that.

But please reply, and stop Julieq having a go.

tomterm8

The problem with the nobel prize for economics is that the people who decide who to give them to are, generally speaking, economists, and therefore wrong at least 95% of the time. Any academic discipline where almost all the classical foundations assume people are rational, is doomed to failure.

lostinrates

http://lpuk.org/pages/take-the-test.php

This was a surprise to me. I found the test hard, because like most things, my answer was ''It depends'' not ''yes'' or ''no''. But I'm moderately libertarian it turns out.

Edit: I can't remember who here first gave link to the site ..sorry.

tomterm8

I don't need to answer the questions, I know I am not libertarian. Old fashioned liberal, yes, but not libertarian.

Jennifer_Jane

Interesting link, LIR - I'm 40% 'liberal' according to the test.

Jen
x

PS - yes, am also in UK terms, politically, 'Liberal'