Coronavirus Thread (Off Topic, Politics) (293 Viewers)

[Grendel]

He's a bitter unintelligent Walter Mitty type.



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Ironic David as you’ve come up with a word copied it’s rationale from google and then of course failed to explain how it’s going to be implemented in this scenario

 

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[David O'Day]

It's sad them grenners is such a weirdo he is arguing against mainstream economic theory. It's just bog standard counter cyclical economic spending. In periods of economic downturns it is prudent for the government to increase spending.

This is an accepted mainstream idea.

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[David O'Day]

Ironic David as you’ve come up with a word copied it’s rationale from google and then of course failed to explain how it’s going to be implemented in this scenario

You don't implement the paradox of thrift, it's something that happens.



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[David O'Day]

How do you implement the paradox of thrift? Comedy gold.

Read the whole wikipedia page next time mate.

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[Grendel]

It's sad them grenners is such a weirdo he is arguing against mainstream economic theory. It's just bog standard counter cyclical economic spending. In periods of economic downturns it is prudent for the government to increase spending.

This is an accepted mainstream idea.

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mmm and how is ther likely to manifest itself in practical terms David - remembering of course this discussion is centred actions to increase demand before the lockdown is lifted. Which other countries are going to adopt this approach do you think?

 

[Grendel]

How do you implement the paradox of thrift? Comedy gold.

Read the whole wikipedia page next time mate.

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I’m asking how you do it under these circumstances and specific strategies David that could be implemented without even more personal consumer debt? Or are you advocating more debt?

 

[Grendel]

You don't implement the paradox of thrift, it's something that happens.



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Really? Do if there are no savings and no actual output as everything is closed it “just happens”

Cool

 

[David O'Day]

mmm and how is ther likely to manifest itself in practical terms David - remembering of course this discussion is centred actions to increase demand before the lockdown is lifted. Which other countries are going to adopt this approach do you think?

We've already talked about increasing capital spending which can be done as construction works are ongoing or universal income.

You need to give people confidence to dine money which can be done during lockdown.

We are also.msinky talking about the governments actions after lockdown you thick c**t.

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[David O'Day]

I’m asking how you do it under these circumstances and specific strategies David that could be implemented without even more personal consumer debt? Or are you advocating more debt?

It's not something that people do, it is the action of peopkevehen faced with economic uncertainty l.

Ffs you cretin

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[Grendel]

More people will not die from any long term economic effects than will die from the virus.

It's up to the government to stimulate the economy and as they don't understand demand I fear they will fail 1

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Here David you say the government needs to stimulate the economy but then say “it just happens”

Can you explain the Paradox of David - David?

 

[David O'Day]

I’m asking how you do it under these circumstances and specific strategies David that could be implemented without even more personal consumer debt? Or are you advocating more debt?

Personal debt? It is the very opposite of incurring more personal debt.

It's people stopping spending money.

I'll repeat this again the paradox of thrift is not an economic theory you implement it is something that governments have to try and counter.

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[David O'Day]

Really? Do if there are no savings and no actual output as everything is closed it “just happens”

Cool

No you dense c**t, you don't know what it is.

You're fucking done here.



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[David O'Day]

Here David you say the government needs to stimulate the economy but then say “it just happens”

Can you explain the Paradox of David - David?

Grenners why do you lie so much?

That is not what I said is,

The paradox of grenners is you claim be so smart but in fact are possibly the most stupid person I have ever seen.

You are a laughing stock both on her and Twitter.

It's sad

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[Grendel]

We've already talked about increasing capital spending which can be done as construction works are ongoing or universal income.

You need to give people confidence to dine money which can be done during lockdown.

We are also.msinky talking about the governments actions after lockdown you thick c**t.

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So large scale construction projects increases consumer spending - short medium or long term? How does that revive say the service economy or manufacturing not related to construction? Why the abuse?

 

[David O'Day]

Today greeners proved himself to be ficking dumb.

I'm off for a run

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[David O'Day]

So large scale construction projects increases consumer spending - short medium or long term? How does that revive say the service economy or manufacturing not related to construction? Why the abuse?

Yes because they can increase employment which increases disposable income.

The abuse is because you are lying about what I have said 2 posts above yours.

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[Grendel]

No you dense c**t, you don't know what it is.

You're fucking done here.



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You sound like Donald Trump In those tricky press conferences David

 

[skybluetony176]

I’m asking how you do it under these circumstances and specific strategies David that could be implemented without even more personal consumer debt? Or are you advocating more debt?

Funnily enough we were balancing the books last night at home and we’re expecting to be about £700 better of at the end of the month than usual. Obviously some people are going to be furloughed and sadly others have lost their jobs but some people are possibly, that’s possibly going to come out of this with some expendable income they wouldn’t otherwise have had. Clearly a way to go yet, I may get furloughed before things return to normal, might even lose my job, don’t know what our utility bills will end up being and as a household we’re definitely using more electricity. But your assumption that everyone will have to take on debt to spend to stimulate the economy is premature. The thing about not doing anything is that you’re also not spending anything.

 

[Johhny Blue]

Don't think any country can have too much PPE.

We're lucky in Alberta. We have a current surplus and are helping to supply all of the other provinces.

 

[David O'Day]

No more trying to you grenners as you just lie.

Goodbye stay safe

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[David O'Day]

Funnily enough we were balancing the books last night at home and we’re expecting to be about £700 better of at the end of the month than usual. Obviously some people are going to be furloughed and sadly others have lost their jobs but some people are possibly, that’s possibly going to come out of this with some expendable income. Clearly a way to go yet, I may get furloughed before things return to normal, might even lose my job, don’t know what our utility bills will end up being and as a household we’re definitely using more electricity. But your assumption that everyone will have to take on debt to spend to stimulate the economy is premature. The thing about not doing anything is that you’re also not spending anything.

His assumption is based on him not k owing what the paradox of thrift is.

We are talking about government spending creating more disposable income which then increases demand.

There is not increasing of personal debt.

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[Grendel]

Yes because they can increase employment which increases disposable income.

The abuse is because you are lying about what I have said 2 posts above yours.

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How are construction projects going to stimulate in then short or medium term and what about the massive majority not involved in this chain of employment and how will their spend sufficiently grow the economy

 

[Johhny Blue]

Back to your echo chamber. Seems anyone who disagrees with you goes onto ignore?

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It's just a "Pretend Ignore"

 

[Grendel]

His assumption is based on him not k owing what the paradox of thrift is.

We are talking about government spending creating more disposable income which then increases demand.

There is not increasing of personal debt.

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you’ve identified one area construction. - how will that stimulate spending across a broader society when output and consumer confidence are at record lows?

Ive also asked for recent incidents where this has been successful in overcoming this set of circumstances and which countries you believe will embark on such a programme

Answer the questions David

 

[shmmeee]

How are construction projects going to stimulate in then short or medium term and what about the massive majority not involved in this chain of employment and how will their spend sufficiently grow the economy

There are things to spend money on. Grocery shopping, online services, online shopping are all up under lockdown. The problem is we’ve put a million people out of a job and they can’t spend on these things to employ others. If you hire them and pay them they have money to spend and other industries thrive.

This is very very basic economics.

 

[Johhny Blue]

No more trying to you grenners as you just lie.

Goodbye stay safe

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That was a four minute run. Did you get the full mile in?

 

[David O'Day]

If anyone wants to laugh at greeners here's what the paradox of thrift is:

Paradox of thrift - Wikipedia

It's not anything you implement so this is another easy win for me

 

[covmark]

It's just a "Pretend Ignore"

Evidently

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[Grendel]

There are things to spend money on. Grocery shopping, online services, online shopping are all up under lockdown. The problem is we’ve put a million people out of a job and they can’t spend on these things to employ others. If you hire them and pay them they have money to spend and other industries thrive.

This is very very basic economics.

If it’s oh so simple then every country will leave this with no worries.- there is of course a small matter of colloidal debt. Initial lower taxation to fund public services no consumer confidence and businesses having to reform with huge credit issues or restart altogether or disappear.

It’s really far from basic economics. Didn’t the Great Depression take decades to recover from

Most people in this country are already saddled with consumer credit they may go on a short term spending sores but generations to come will pay a very heavy probe if this carries on for very long

 

[skybluetony176]

His assumption is based on him not k owing what the paradox of thrift is.

We are talking about government spending creating more disposable income which then increases demand.

There is not increasing of personal debt.

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In the US it was called The New Deal and was a mechanism for escaping The Great Depression and included everything from legalising alcohol and building the Hoover dam. Might see marijuana legalised in this country afterall. It helped stimulate local economies in the US.

 

[David O'Day]

There are things to spend money on. Grocery shopping, online services, online shopping are all up under lockdown. The problem is we’ve put a million people out of a job and they can’t spend on these things to employ others. If you hire them and pay them they have money to spend and other industries thrive.

This is very very basic economics.

Exactly it is GCSE level. If the government spends money on job creation it means more people have income to spend and as you said online retail is booming. This idea goes back to the great depression and FDRs new deal so I'm not sure why the great mind of Grendel hasn't heard of this before.

You can also look at things such as directing QE to the general public in the form of universal income. This once again would put money into peoples pockets to spend.

Going back to spending on job creation this also has the bonus of helping to reduce job discretionary government spending by reducing the number of benefits claims.

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[shmmeee]

If it’s oh so simple then every country will leave this with no worries.- there is of course a small matter of colloidal debt. Initial lower taxation to fund public services no consumer confidence and businesses having to reform with huge credit issues or restart altogether or disappear.

It’s really far from basic economics. Didn’t the Great Depression take decades to recover from

Most people in this country are already saddled with consumer credit they may go on a short term spending sores but generations to come will pay a very heavy probe if this carries on for very long

Sorry but most of this is just word salad. And you’re still on about consumer debt when I’ve just said government spending to avoid consumer debt.

The Great Depression was a classic example of how to get out of a depression using stimulus spending, that’s what Roosevelt’s New Deal was! And no recovery took around 5 years, starting with the New Deal stimulus spending.

You’re trying to use the greatest example of the efficacy of Keynesian economics to disprove Keynesian economics!

 

[David O'Day]

In the US it was called The New Deal and was a mechanism for escaping The Great Depression and included everything from legalising alcohol and building the Hoover dam. Might see marijuana legalised in this country afterall. It helped stimulate local economies in the US.

Yep, just mentioned this strangely enough.

It's not even radical thinking.

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[David O'Day]

Sorry but most of this is just word salad. And you’re still on about consumer debt when I’ve just said government spending to avoid consumer debt.

The Great Depression was a classic example of how to get out of a depression using stimulus spending, that’s what Roosevelt’s New Deal was! And no recovery took around 5 years, starting with the New Deal stimulus spending.

You’re trying to use the greatest example of the efficacy of Keynesian economics to disprove Keynesian economics!

He really has no idea what he is talking about

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[skybluetony176]

How are construction projects going to stimulate in then short or medium term and what about the massive majority not involved in this chain of employment and how will their spend sufficiently grow the economy

Major infrastructure projects last years, sometimes decades. Look at Crossrail, Thames Tideway Scheme, HS2. Some long term socialist investment on a national scale is what’s needed.