Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by cnick

  1. Post of the year? Under capitalism interest rates would have been a measure of scarcity of money....... interest rates should be akin to a pressure gauge....... but all governments have locked the pressure gauge to under read. Should this be taught in schools? ?
  2. I suggested to our mp that perhaps the young should be educated as to the reasons house ownership is now beyond most of them........ but I guess that would not be allowed under the new hatred incitement laws. ?
  3. Says here..... If so...... how did the house valued at £5000 in 1975 get to be valued £250000 today? Were did the money come from? https://voxeu.org/article/banks-do-not-create-money-out-thin-air
  4. Yes but what (who)drives interest rates..... 'cos it's nothing to do with a measure of the scarcity of money...... what is interest if not the price of money? .. .....opportunity cost, another term seldom used here these days.
  5. Couldn't agree more as regards the bankers.....but has all the bankers' thin air fraud 'money' paid for the welfare / workers rights that has saddled the west with overheads China does not have? ?
  6. Interest rates are the effect..... the root cause is the over supply of thin air fraud credit. ?
  7. Yes, but Skargill et al predated Thatcher?..... some say Thatcher could not have existed without Scargill, as it were?
  8. Yes. So.....why?...... Unions?.....management? Government regulation? Bankers? What does China have that we don't?
  9. What about some forward guidance..... would that help?
  10. We need more economic growth....... we'll never get to this 1.5% co2 'limit' at this rate.
  11. Yes. If there was an envirnmental problem, they would stop the quest for never ending growth.......aka fraud thin air credit money printing. ......also there'd be no need for energy hungry crypto if the mad money printing ended.(?)
  12. When you say 'debt is not capital'..... do you mean debt for money earned honestly (is capital)....or debt for 'money' created from thin air (is not capital).
  13. Thankfully, we're a democracy, so we can vote to prevent this. ...oh hang on....
  14. Great.... thanks for the clarity. Your last sentence is (or should be?) an absolute capitalist principle.......or, at least profit for production of goods and services at the market rate.......ie where the state 'pays' rather than 'sets' the market rate. ?
  15. So what should have been done to avert GFC?.....would it have involved a quest for never ending growth? (not rhetorical)
  16. https://www.sciencemag.org/news/2020/03/ancient-warming-threw-crucial-atlantic-current-chaos-it-could-happen-again
  17. Yes but what is the root cause for manipulating interest rates.....seldom discussed here these days? Is it not the unique ability for a few politico bankers to create money from thin air to (first) pay themselves and a few of their cantillon mates. https://mattstoller.substack.com/p/the-cantillon-effect-why-wall-street ".....this meant that the closer you were to the king and the wealthy, the more you benefitted, and the further away you were, the more you were harmed. Money, in other words, is not neutral. This general observation, that money printing has distributional consequences that operate through the price system, is known as the “Cantillon Effect.”....."
  18. Should the public be educated that thin air 'money' is not the same as money borrowed from poeple?..... that there are two types of money, as it were. One where there's an injured party in the event of a default and one where there's none. and that's why the young have been priced out of housing. ?
  19. Same goes for USA poeple..... ask them if they want massive army, they all agree....yes? Then ask them if they would mind paying $1000 directly to cover the cost.......what would be their answer ...... if they could chose freely they might just chose health over arms?...maybe?
  20. And therein lies the the problem....... you know, I could be socialist (would be a danm sight easier) if I thought there would be some kind of order and limit to the massive amount of money creation, that seems(!) to benefit the 1% and massively distort asset (housing) prices. But as you say good luck with finding any political party not willing to buy votes with thin air credit.
  21. Well under the current system, we force the young to pay. Not nice, especially as they are least able to afford homes and pensions of their own.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.