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Ferguson V Krugman

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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??

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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 by D'oh

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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

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Guest The Relaxation Suite

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 by Tecumseh

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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 by alexw

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Guest The Relaxation Suite

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.

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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.

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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.

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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