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Radio 5 Live 26/10/10

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Did anyone catch the bloke on 5 live this morning, after the 8am news? Some lecturer or something on economics at a Uni in London (I've looked on the 5 live website but no details are up yet).

Basically saying that both the Coalition and Liebour have got it wrong and in actual fact we need to expand the public sector in order to create growth and just keep printing money until growth happens! When asked how much or when we should stop he just said we keep printing and printing until we get results!

Did I actually hear this correctly???!!

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yes you did. in fact even queen nicky with his bias was surprised at the amount of drivel he was suggesting. he really seemed like one of those grumpy old men who cannot listen to anyone else's view and thinks that he has all the answers. apparently you print money to expand public sector, who then improve the tax receipts and also spend more. why do they keep on going on about brutal cuts. it is hardly brutal.

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yes you did. in fact even queen nicky with his bias was surprised at the amount of drivel he was suggesting. he really seemed like one of those grumpy old men who cannot listen to anyone else's view and thinks that he has all the answers. apparently you print money to expand public sector, who then improve the tax receipts and also spend more. why do they keep on going on about brutal cuts. it is hardly brutal.

Because the BBC constantly uses every Gramscian trick in the book to back Liebour.

Campbell and most of 5 Live are amongst the worst.

The guy they had on this morning though needed sectioning.

Edited by Warwick Yellow

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I know a member put on this forum a statistic of the number of public servants on more than the PM.

If for example we put a limit of say 60k or a range of 4-6 times the lowest full time employee would they support more jobs created?

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http://www.londonmet...nt-downturn.cfm

A founder member of the Social Democratic Party. Quelle surprise.

Economists believe they are Scientists but are just too stupid to realise that what prattle they come out with is NOT A SCIENCE. They like the title 'Economist' because it makes them sound important and on a similar intellectual level as scientists. However Economists fail to realise that science is based upon re-producible facts and phenomenon and none of the crap economists come out with can ever be that hence they can waffle on talking cr@p and waving their arms believing themselves to be right.

What damns this Tool even more is that he possibly has never even ventured outside of the cosy world of academia.

Edited by Fool's Gold

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he possibly has never even ventured outside of the cosy world of academia.

Off topic, but academia really isn't that cosy. Wages and job security are not high for the majority of academics (postdocs and junior lecturers) and competition for jobs and funding is pretty intense.

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Did anyone catch the bloke on 5 live this morning, after the 8am news? Some lecturer or something on economics at a Uni in London (I've looked on the 5 live website but no details are up yet).

Basically saying that both the Coalition and Liebour have got it wrong and in actual fact we need to expand the public sector in order to create growth and just keep printing money until growth happens! When asked how much or when we should stop he just said we keep printing and printing until we get results!

Did I actually hear this correctly???!!

That's the plughole economy (down the plughole). Maybe they should rename the public sector the plughole sector. Same initials.

Edited by billybong

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Did anyone catch the bloke on 5 live this morning, after the 8am news? Some lecturer or something on economics at a Uni in London (I've looked on the 5 live website but no details are up yet).

Basically saying that both the Coalition and Liebour have got it wrong and in actual fact we need to expand the public sector in order to create growth and just keep printing money until growth happens! When asked how much or when we should stop he just said we keep printing and printing until we get results!

Did I actually hear this correctly???!!

London Metropolitan University - hardly LSE, sorry for being a snob

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The thing is as the UK becomes more populous and as technology allows higher and higher real production.. the society needs more and more money to facilitate trade between people.

Right now many western nations have a situation where like the steel workers would love to get back to work and be making more steel. The auto workers would love to get back to work and turn that steel into new cars. And once back to work the steel workers would love to buy a new car.

But if there is no money around, they are all sitting around doing nothing. Or working in marginal jobs, that people only pay for if its really cheap.

The bankers want this shortage of money to continue because they make their profit selling money. So they want a permanent shortage. They also want to remain the gatekeepers of the new money, an insanely profitable position.

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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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