Guest_ringledman_* Posted June 30, 2010 Share Posted June 30, 2010 Ferguson giving the economic crook Krugman a basic lesson in economics. Quote Link to comment Share on other sites More sharing options...
Guest_ringledman_* Posted June 30, 2010 Author Share Posted June 30, 2010 (edited) Ahh got the title a bit wrong. Mind on other things Edited June 30, 2010 by ringledman Quote Link to comment Share on other sites More sharing options...
alexw Posted June 30, 2010 Share Posted June 30, 2010 Ferguson giving the economic crook Krugman a basic lesson in economics. Meh ferguson is a right moron. He goes on about cutting taxes for businesses saying that will get them to hire more workers. Businesses hire workers if there is more demand for their goods not due to taxes. The consumer is still totally overloaded with debt so how will cutting taxes for businesses help?? Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted June 30, 2010 Share Posted June 30, 2010 (edited) It's a conversation between Bert and Ernie, and about as enlightening. Krugman is clueless, and Ferguson has shown himself to be clueless by his Ascent of Money missing what was about to happen produced when the writing was already on the wall. Edited June 30, 2010 by D'oh Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 30, 2010 Share Posted June 30, 2010 Meh ferguson is a right moron. He goes on about cutting taxes for businesses saying that will get them to hire more workers. Businesses hire workers if there is more demand for their goods not due to taxes. The consumer is still totally overloaded with debt so how will cutting taxes for businesses help?? exports Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted June 30, 2010 Share Posted June 30, 2010 exports requires someone to import Quote Link to comment Share on other sites More sharing options...
Guest The Relaxation Suite Posted June 30, 2010 Share Posted June 30, 2010 (edited) Ferguson giving the economic crook Krugman a basic lesson in economics. Interesting, thanks. The Left are either in total denial about this or driving us into the rocks on purpose. I know a young academic who is currently the toast of the town in his university for writing an article in an Italian newspaper (he is from northern Italy) in which is declared that Greece was unique and the rest of the PIIGS have no fundamental structural problems to the same degree and it was only hysteria that made Greece go the way it did. All of this of course is totally, 100% the opposite of reality and the truth, but if you're not aware, let me tell you that being totally wrong all the time is not an impediment to a successful academic career in the way it would be if you were a pilot or a surgeon, so long as you're wrong by championing Marx in some way. The system is not interested in any way in people who are consistently right if being so validates their conservatism. Edited June 30, 2010 by Tecumseh Quote Link to comment Share on other sites More sharing options...
alexw Posted June 30, 2010 Share Posted June 30, 2010 (edited) exports To whom exactly? All our major export markets are screwing down on their economies and workers also. And guess what? Pretty much every major economy in the world is aiming to keep or increase its export share. america - aim to double exports in 5 years uk, italy, spain, ireland - aims to increase exports france - aims to increase exports germany, china & japan - at least keep its export surplus if not increase it etc etc. Please let me know when you hear of a major nation currently willing to make economic changes to increase imports. Edited June 30, 2010 by alexw Quote Link to comment Share on other sites More sharing options...
Guest The Relaxation Suite Posted June 30, 2010 Share Posted June 30, 2010 To whom exactly? All our major export markets are screwing down on their economies and workers also. And guess what? Pretty much every major economy in the world is aiming to keep or increase its export share. america - aim to double exports in 5 years uk, italy, spain, ireland - aims to increase exports france - aims to increase exports germany, china & japan - at least keep its export surplus if not increase it etc etc. But obviously they export different things to one another, so this is technically possible so long as the internal economies of the importers are ok. Which they're not, though. Quote Link to comment Share on other sites More sharing options...
alexw Posted July 1, 2010 Share Posted July 1, 2010 But obviously they export different things to one another, so this is technically possible so long as the internal economies of the importers are ok. Which they're not, though. No. All these countries want to increase exports while not increasing imports. Quote Link to comment Share on other sites More sharing options...
Hector Posted July 1, 2010 Share Posted July 1, 2010 Businesses hire workers if there is more demand for their goods not due to taxes. Lower taxes allow businesses to offer their goods for lower prices. This expands demand. Quote Link to comment Share on other sites More sharing options...
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