osbournes big lie

[Joycee Banercheck]

Politics and economics are definitely not my fortes. I would take the word of a Nobel prize winning professor on economic matters (as quoted in the OP) before I belived a politician, though. Who gives a shit who writes the article as long as the professor's views are conveyed. I think that guy knows his onions more than anyone on here, thanking you kindly.

But I am sure you would be able to find another equally eminent academic whose views on economics were diametrically opposed to those qouted in the OP. Such is the nature of economics.

I probably would. I just saw that he'd won the Nobel prize for economics, most of his predictions had been proved to occur, so thought that was enough. Its better than wikipedia sources anyway.

 

[gordondaviesmoustache]

But I am sure you would be able to find another equally eminent academic whose views on economics were diametrically opposed to those qouted in the OP. Such is the nature of economics.

I probably would. I just saw that he'd won the Nobel prize for economics, most of his predictions had been proved to occur, so thought that was enough. Its better than wikipedia sources anyway.

haha. Yes I think that's fair to say. Although I do find it to be surprisingly accurate at times. Often I've looked into something from academic sources and then gone on to wikipedia and it's basically repeated on one page what I've spent 4 hours toiling over! But it is a game of roulette.

 

[Joycee Banercheck]

I probably would. I just saw that he'd won the Nobel prize for economics, most of his predictions had been proved to occur, so thought that was enough. Its better than wikipedia sources anyway.

haha. Yes I think that's fair to say. Although I do find it to be surprisingly accurate at times. Often I've looked into something from academic sources and then gone on to wikipedia and it's basically repeated on one page what I've spent 4 hours toiling over! But it is a game of roulette.

You aint wrong! Whenever I need to find something out quickly - usually to disprove a work-colleague to shut them up - then I use wikipedia, but for proper research I'd use it as a last resort. Its e-journals and the library for the stuff that matters when getting the uni assignments completed.
Or wikipedia if I'm nearing the deadline date

 

[SWP's back]

Politics and economics are definitely not my fortes. I would take the word of a Nobel prize winning professor on economic matters (as quoted in the OP) before I belived a politician, though. Who gives a shit who writes the article as long as the professor's views are conveyed. I think that guy knows his onions more than anyone on here, thanking you kindly.

You do realise there are more than one prize winning professor in favour of these cuts? You do realise that the majority of economists are in favour? You do surely realise that economists (be they Nobel prize winning or not) also have personal agenda's and political leanings.

If you did not realise all of the above, then you are right, politics and economics are not your forte. Thanks right back xx

 

[Joycee Banercheck]

Politics and economics are definitely not my fortes. I would take the word of a Nobel prize winning professor on economic matters (as quoted in the OP) before I belived a politician, though. Who gives a shit who writes the article as long as the professor's views are conveyed. I think that guy knows his onions more than anyone on here, thanking you kindly.

You do realise there are more than one prize winning professor in favour of these cuts? You do realise that the majority of economists are in favour? You do surely realise that economists (be they Nobel prize winning or not) also have personal agenda's and political leanings.

If you did not realise all of the above, then you are right, politics and economics are not your forte. Thanks right back xx

Yes I did realise that. I'm 31, not 7.

 

[metalblue]

http://johannhari.com/2011/03/29/the-biggest-lie-in-british-politics

So debt isn’t the problem. Debt is part of the cure. The facts suggest need to spend more, not less, to get the economy back to life – and pay back the debt in the good times, when we will be able to afford it.

....and here is the crux of the problem - the previous governemt was adding - at an alarming rate - to the debt during the good times so there is no capacity to add to that debt.

But let's say we say "to hell with it" and we do add...

it all sounds so simple in principle (but wants to rely on the non-existent fact that economies are self propelling)....what does the government spend money on? build infastructure? for what/who? what happens when the spending stops? (apart from lots of empty buildings - see Dubai) recession, unless private sectors takes up the slack, but how? government needs to reduce spending so...I don't know....exports maybe? but now the exchange rate is high (as we are one of the few not to be in recession so had a lot of inward investment)...perhaps the government should hire more people now or not make any redundant? who do we borrow the money from? at what rate? when the world recession comes to an end what do you do when you want to "re-pay the debt" (which was growing an unfunded rate of 25% before)? make them redundant now?

 

[mindmyp's_n_q's]

http://www.economicshelp.org/blog/uk-economy/uk-national-debt/

 

[SWP's back]

http://www.economicshelp.org/blog/uk-economy/uk-national-debt/

Good article and I love this graph:

Yet the socialists want higher spending!

Maybe the OP should have a good long look at this and then question his love for the original article.

 

[Damocles]

Johann Hari is so full of shit that he could legitimately pass as a sewer.

 

[SWP's back]

Johann Hari is so full of shit that he could legitimately pass as a sewer.

You right wing git you