Grendel
Well-Known Member
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
He's a bitter unintelligent Walter Mitty type.
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You don't implement the paradox of thrift, it's something that happens.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
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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How do you implement the paradox of thrift? Comedy gold.
Read the whole wikipedia page next time mate.
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You don't implement the paradox of thrift, it's something that happens.
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We've already talked about increasing capital spending which can be done as construction works are ongoing or universal income.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?
It's not something that people do, it is the action of peopkevehen faced with economic uncertainty l.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?
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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Personal debt? It is the very opposite of incurring more personal debt.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?
No you dense c**t, you don't know what it is.Really? Do if there are no savings and no actual output as everything is closed it “just happens”
Cool
Grenners why do you lie so much?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?
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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Yes because they can increase employment which increases disposable income.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?
No you dense c**t, you don't know what it is.
You're fucking done here.
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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.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?
We're lucky in Alberta. We have a current surplus and are helping to supply all of the other provinces.Don't think any country can have too much PPE.
His assumption is based on him not k owing what the paradox of thrift is.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.
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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It's just a "Pretend Ignore"Back to your echo chamber. Seems anyone who disagrees with you goes onto ignore?
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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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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
That was a four minute run. Did you get the full mile in?No more trying to you grenners as you just lie.
Goodbye stay safe
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EvidentlyIt's just a "Pretend Ignore"
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.
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.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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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
Yep, just mentioned this strangely enough.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.
He really has no idea what he is talking aboutSorry 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!
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.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
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