Sunday, Dec 14, 2008
Release the Keynes
Observer: Tories' economic medicine would sink Brown's patched-up life raft
Here is one to provoke discussion/angry rebuttals. Some interesting points and comparisons with the 80s, also figures on national debt, notably the size of Germany's, an acutely relevant figure apropos Steinbruch's opinion.
Posted by letthemfall @ 02:32 PM (435 views) Add Comment
3 Comments
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1. Mrb said...
What a waste of 5 minutes of my life reading that drivel.
"I have lost count of the number of times I have had to explain to people recently that it does not make a lot of sense for consumers, businesses and governments all to 'cut back' at times like these"
It makes a lot of sense to save in a deflationary recesion, for businesses and households. Why borrow and spend when debt and overconsumption caused these problems.
"Moreover, concerns about the ratio of Britain's national debt to GDP need to be seen in context. At 41.2 per cent this financial year, the ratio is low by comparison with many other industrial countries"
Adding in the off balance sheet items (PFI) , household debt, Nationalised banks liabilities etc... this figure is 400%. Typical Guardianist.
2. Dot. Hakers said...
"One landlord who has 28 properties took nearly six weeks to let one of them, which would normally have been a dead cert for an immediate let." Why on earth would someone have 28 (!!!) properties???! I hope the rents start falling even lower! This just isn't right!!!
3. mken said...
As Mrb @1 points out "ratio of Britain's national debt to GDP" is not the figure it once was.
Debt like much else in the UK has now mostly been privatised, it is held by you and me.