also this guy seems like a bit of a fascist

talks about "the people" as "plebs" and economists as "elites"

The evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are. Of course, apart from redistribution, policies could be designed to mitigate some of the impacts in advance—for instance, through increased spending on education and training, which expands equality of opportunity (so-called predistribution policies). And fiscal consolidation strategies—when they are needed—could be designed to minimize the adverse impact on low-income groups. But in some cases, the untoward distributional consequences will have to be remedied after they occur by using taxes and government spending to redistribute income. Fortunately, the fear that such policies will themselves necessarily hurt growth is unfounded (Ostry, 2014).

something something something - demand socialism

funny you always seem to rely on it when you need bailouts

bailouts were more like buyouts

you can say it however you want it doesn't change the fact that the government had to rescue them

it didnt have to, it chose to

not saying it was right or wrong to... but it was a decision that was taken, and we paid the price for it, for a decade

you could argue the real problem was back in 2005/6 when brown unregulated everything

and for whatever reason our banks decided to get in the US mortgage area

https://en.wikipedia.org/wiki/Big_Bang_(financial_markets)

27 October 1986

That was what allowed them to partner with US banks

i certainly don't have a problem with governments buying stakes in companies because of this apocalypse

i do have a problem with government just randomly bailing out failing businesses who are failing because they're shit and failing

https://en.wikipedia.org/wiki/Better_Regulation_Commission

Yes exactly @Eccles

Boom and bust is a natural part of economics

i do have a problem with money just being handed out to companies willynilly, for whatver purpose

get ready for ff and his something-something-something socialism

You can't have everyone thrive simultaneously

Utopia doesnt exist

However there are injustices that should be resolved, at the same time

lmao you morons think this is a boom and bust cycle? and not because of how shit the economy is and how unprepared the country is in dealing wth this crisis because of austerity which has been proven to be a political choice and not an economic necessity

im sure the IMF has no authority over this server though

the economy is totally unprepared for this, and PEOPLE are unprepared fo rhtis

Well I was just talking generally

so continue in your bubble as usual

and this shoudl teach them a lesson

you think we'd be able to handle this better with a 100bn deficit?

Saying you cant have the good without the bad

that's exactly why we should be resistent to just handing out money willynilly

so the government bailing out banks and corps is bad after selective dementia takes over your brain when it comes to applying the same to the boom and bust cycle.

i was against the way the banks were bailed out

yes but isn't it part of the boom and bust cycle genius

or is that different

aKcTuAlLy

i haven't mentioned boom/bust cycle

I've not said I'm against bailing out or financial support in all or no cases

I'm just saying companies going bust is part and parcel of economics