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High public debt = low economic growth ?
Comments
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Thrugelmir wrote: »I would go back some years to 1997 to the start. From 2005 onwards the Lone Ranger was on his own as Tonto disagreed with him as well from that point.
The main theory that markets could self regulate with minimal supervision has been proven disastrously wrong.
Free markets not working? Surely not.
We could probably go all the way back to 1977 as we lurched from one crisis to another."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »We could probably go all the way back to 1977 as we lurched from one crisis to another.
This crisis is very different.
No quick fixes. Requires long term plan. With small steps heading in the right direction. Won't be painless either.0 -
Thrugelmir wrote: »This crisis is very different.
No quick fixes. Requires long term plan. With small steps heading in the right direction. Won't be painless either.
You are right it is very different but if there had been a coherent long term plan from the 70s we wouldn't be here now. Unfortunately it is has been a fire fight all the way. Leaders going for some form of self aggrandisement all the time.
There still is no long term plan."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Of course there were long term coherent economic plans in the Soviet Union from about 1930 to its fall.
The plans were backed by sophisticated mathematical models.
No fire fighting there; just famine, slavery, imprisonment, suppression of civil rights with lenders going for self aggrandisement all the time.
Thank goodness there is no long term plan here as they would all be about yesterdays industries and problems.0 -
Of course there were long term coherent economic plans in the Soviet Union from about 1930 to its fall.
The plans were backed by sophisticated mathematical models.
No fire fighting there; just famine, slavery, imprisonment, suppression of civil rights with lenders going for self aggrandisement all the time.
Thank goodness there is no long term plan here as they would all be about yesterdays industries and problems.
What has the Soviet Union got to do with a Western Democracy with a free market economy?
Flip flopping around like a fish gasping for air for the last 30+ years doesn't seem like a plan to take on the world."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »There still is no long term plan.
I would say there is. Put politics aside. As the budget will be balanced in the future. The choices we have to make is how to get there. The changes are already being put into place, Takes to time to do and a while to have an impact.0 -
grizzly1911 wrote: »What has the Soviet Union got to do with a Western Democracy with a free market economy?
Flip flopping around like a fish gasping for air for the last 30+ years doesn't seem like a plan to take on the world.
we don't have a free market economy
what's your question?0 -
Thrugelmir wrote: »The main theory that markets could self regulate with minimal supervision has been proven disastrously wrong.
What has 'too big to fail' and 'implicit depositor guarantee' got to do with free market economics? Without these props caveat emptor might have applied and the market itself might have prevented some of the excesses occurring....I think....0 -
Thrugelmir wrote: »I would say there is. Put politics aside. As the budget will be balanced in the future. The choices we have to make is how to get there. The changes are already being put into place, Takes to time to do and a while to have an impact.
What will happen if labour get in in two years time will they hold the line?
For instance:-
When will we get a coherent energy policy and a way forward , it has been building for decades, it isn't just the current government?
Have the funding for housing plans really been thought through, extrapolated to see how they will be unravelled or is it just a wing and a prayer job to see us through the current mess?
How will the inevitable fall out from UB be mitigated? Expensive backfilling/? Will the savings from the changes ever be realised or will IT, security issues and fraud simply take over?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
What has 'too big to fail' and 'implicit depositor guarantee' got to do with free market economics? Without these props caveat emptor might have applied and the market itself might have prevented some of the excesses occurring....
Take some time to review the senior figures in the FSA between 1997 and 2008. How many had connections both before and after their role within the FSA. Those that approved the merger of RBS with ABN and subsequently were at HBOS when it collapsed in 2008. Also the number of New Years honours they received.
The very antithesis that Mrs T did at the time of the Big Bang. Stop the City being a closed shop. Where the gamekeepers were in fact themselves poachers.0
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