https://twitter.com/YouGov/status/1215660907168239617

Was Thatcher good? https://youtu.be/XeBHDSsogf8

My Dad always goes on about how she closed the coal mines and privatised this that and the other. And brought in the council tax. I dont know too much about her. What do you guys think?

Styxhexenhammer is a great channel

i've heard things about her authorising some kind of chemical experiment with schoolkids

that yougov graph is magnificent. i am proudly one of the 42% who helped make it possible

ah, one of the mythical people that actually gets polled by yougov

it seems very hit & miss who gets asked what and when

so RLB is part of the 4% that give him 10/10

rlb?

long bailey

im sure she would, she's an idiot

https://youtu.be/PZjoL9coJ4s?t=63

Thatcher brought in the poll tax - it was very unpopular. Most of the rest of the stuff she did was OK

personally think a locally set income tax is the way to go

Ye the poll tax my Dad talks about a lot.

https://twitter.com/fperraudin/status/1215683889290719233

<:pepelaugh:544857300179877898>

She was the one that reigned in the overwhelming power of the trade unions, that had been responsible for choking UK industry throughout the 60s and 70s

https://www.nytimes.com/2020/01/10/opinion/brexit-scotland-northern-ireland.html

Neither the poll tax nor the council tax that replaced it are terribly fair

I doubt it @Crafty

The most that could happen would be a reunification of Ireland and even that is unlikely

Scotland can't leave because they aren't getting a referendum and Wales doesn't want to

interesting

There was 2 recessions under her some article said. Recessions arn't because of political party tho. Markets do what markets wanna do.

government policy affects markets, therefore can affect recessions

can affect it a little.

but generally people don't factor in the lag between policy and effect

Its like the 08 recession and the www recession

08 recession was definitely due to, and exacerbated by government policy

Possibly Clinton telling banks to give out more loans to minorities could of caused it but it mostly the Banks fault.

no, not really

the cause hasn't been fixed yet

Thats one of them from what ive read.

it's an exacerbating factor

bank are allowed to create money out of thin air in order to lend to people for profit -tha amount they are allowed to lend is proportional to the size of their assets (historically "deposits") - called fractional reserve banking

poor regulation meant banks "bundled up" existing loans into products they could then trade, and stick on their balance sheets as asssets

bonds isnt it?

they were tiers of bonds they sold.

It was that sort of thing that caused the recession since these instruments grotesquely inflated their "asset" value, and allowed them to essentially loan out money they didn't have