I didn't want to get an @brass neck style thread ban for quoting 'the greatest story never told' but Hitler did create an economic miracle in the thirties by implementing some corbyn style economics. Some on here would have us believe they have a similar outlook on Jews too which is why I didn't mention it before!Keynes would disagree. Both FDR and Hitler managed it.
Large infrastructure projects could well improve the economy.
Hitler, from an economic model, in the early years was an excellent chancellor. It's not en vogue to say so but both he and FDR worked miracles post depression era.I didn't want to get an @brass neck style thread ban for quoting 'the greatest story never told' but Hitler did create an economic miracle in the thirties by implementing some corbyn style economics. Some on here would have us believe they have a similar outlook on Jews too which is why I didn't mention it before!
Touching that whatever our voting intentions we can at least agree that Hitler was a decent bloke ;-)Hitler, from an economic model, in the early years was an excellent chancellor. It's not en vogue to say so but both he and FDR worked miracles post depression era.
On the basis of construction in MCR you might as well vote for the IRA. As one of the richest countries i n the world I'd expect us to have decent public services and not cuts. I think the Tories have been in power long enough to take full credit for the situation we find ourselves in tbh. I'm sure though they will blame it on the last govt and then brexit if its still crap in a few years time.
I edited whilst you replied and added some shit to my post.Touching that whatever our voting intentions we can at least agree that Hitler was a decent bloke ;-)
Keynes would disagree. Both FDR and Hitler managed it.
Large infrastructure projects could well improve the economy.
Absolutely. Brown was a fuck up and didn't follow Keynes at all as he didn't generate the surplus when he could have. He used the surplus to buy off the public sector.His model dictates that you generate a surplus whilst the economy is in growth and then a deficit when in recession so you can spend on infrastructure whilst interest rates are low and you can create jobs where they might otherwise be scarce.
Absolutely. Brown was a fuck up and didn't follow Keynes at all as he didn't generate the surplus when he could have. He used the surplus to buy off the public sector.
The Germans did the opposite and came through 2008-10 in much better shape.
Absolutely. Brown was a fuck up and didn't follow Keynes at all as he didn't generate the surplus when he could have. He used the surplus to buy off the public sector.
The Germans did the opposite and came through 2008-10 in much better shape.
Haha yeah.Didn't he also sell the gold reserves for £2.50 and a George formby grill?
I've got an economy degree then worked in investments for 15 with the last three including consultation on a private wealth fund and I'll be fucked if I know.The big question is can we afford to spend through the current 'recession' (non-growth) and then pay off the incurred debt (with its overwhelming interest) as well as saving up the necessary surplus (for the next recession) come the next period of growth?
And you know what, so far they've had to borrow 700bn since 2010 to clear up the mess left by Labour.But they're great with the economy. Anything wrong with the economy now is due to the labour last govt, just like in the 1980's.
It must be so frustrating for the brilliant economists of the conservative govt that their efforts to reduce national debt, grow employment, living standards and economic growth are even now still thwarted by the last labour govt.
I've got an economy degree then worked in investments for 15 with the last three including consultation on a private wealth fund and I'll be fucked if I know.
The economy is doing ok but as I said to Helmet, 80% doing better and 20% not is good for power but not necessarily great for society as a whole.
It's also easy for me to speculate seeing as I fucked Off to an overpaid sunny tax haven and don't have to live with the policies being enacted. (Though I point Investment at the UK so I'm not entirely useless to the UK economy).
Any idea how they can reduce the debt without reducing the deficit.And you know what, so far they've had to borrow 700bn since 2010 to clear up the mess left by Labour.
More than every other Labour chancellor combined.
By the time ( mañana) they eliminate the deficit,they'll have probably borrowed a trillion.
Personally I blame Harold Wilson for devaluing the £ from $2.8 to $ 2.4 in 1967.
Yeah. That part makes me want to puke a little bit but as a rather famous man once said "It's the economy, stupid".It does sadden me how backwards a lot of Conservative members are on more societal policies though (gay marriage, adoption, environment, etc.).
I've got a masters in mathematics and approaching it from that angle leaves me baulking at the crazy number of big assumptions one would have to make before even attempting to model it. Pretty similar to Brexit in that regard, although I suspect the economic situation has more historic examples.
You're right on the society element too. I'm generally cautious with money (certainly larger investments) and thus lean towards the Conservatives for economic reasons which, along with Brexit, are my biggest issues at the moment. It does sadden me how backwards a lot of Conservative members are on more societal policies though (gay marriage, adoption, environment, etc.).
It's still necessary to have a PM who can implement the policies effectively. Who can make a whole range of decisions such as deciding which MPs would make the best ministers and in which ministry. And deal with "events". It shouldnt be a personality competition, but competence should certainly be taken into consideration.
I'm not sure it would be better under anyone tbh. The financial crisis of 2008 was certainly a shittier hand than Blair was dealt in 2008. I just wish more Tories had the honesty to admit the 80/20 thing as you did.Any idea how they can reduce the debt without reducing the deficit.
And can you honestly say you believe the debt would be lower under 1 and a bit Labour governments. Honest answer please Len
You sound more like a Tory than Teresa May. Still blaming the labour party. Dear me.But they're great with the economy. Anything wrong with the economy now is due to the labour last govt, just like in the 1980's.
It must be so frustrating for the brilliant economists of the conservative govt that their efforts to reduce national debt, grow employment, living standards and economic growth are even now still thwarted by the last labour govt.