this why i think bailouts, whether cash payments to businesses, or wage support, should require partial nationalisation

at least the public get something for their money

well thats what happened in 2008/9

we basically bought part of some banks

https://twitter.com/LFC_blano/status/1240737052754423809

https://twitter.com/LFC_blano/status/1240685322641575936

@wacka https://www.theguardian.com/business/ng-interactive/2015/apr/29/the-austerity-delusion

im sure the guardian has an opinion on it

but they cant deny the 10yrs of deficit

How do you separate legitimate business based on supply and femand with unethical price gouging? Not figured that one out yet

You should read the article first

Guardian generally isnt worth reading

you should have a look at the data first https://www.ukpublicspending.co.uk/spending_chart_1947_2020UKb_17c1li011lcn_H0t_UK_Deficit_Since_World_War_II

It's the left wing The Sun

Again just because you don't like the Guardian doens't mean it discredits Krugman and his economic background. It just proves how fickle you are

and averse you are to reading things that confront your confirmation bias

I am reading it... its saying because we didnt become greece it must have all been bunk

not seeming to realise that we arent greece because of austerity measures

Again finish reading it first before you make conclusions on something you haven't even finished reading

I'll read it tonight

So its saying you have to fuck yourself hard in order to show you've done enough? @wacka

https://www.theguardian.com/business/2016/may/27/austerity-policies-do-more-harm-than-good-imf-study-concludes

I mean just the sentence the US and UK cannot run out of money, because they can always print more... are you sure this person is a qualified economist?

Whats your background in economics wacka

it is possible to grow your way out of debt, ff, just not in the way that you and your leftist pals suggest
also, from 2010 there wasn't austerity

10yrs of trading

I dont need to be an economist to know you cant just print money forever without massive consequences

did it ever get you a nobel prize in economics?

also, "importing 9 million low skilled foreign workers" isn't "growing your way out of debt"

do I need a nobel prize to understand you cant print money forever?

much as labour would like it otherwise, Keynesian economics was never about increasing public spending

Here wacka read this from Krugman http://web.mit.edu/krugman/www/crises.html

he also states the economy has suffered from austerity since 2010... the economy has grown quite well actually since then

Also, there wasn't austerity from 2010 - public spending went up every year

Austerity is a fucking myth

you could argue there was austerity because it didnt outgrow inflation

OKay let me try one more - https://www.imf.org/external/pubs/ft/fandd/2016/06/ostry.htm

from the IMF itself

but if they went on a printing spree like this guy is suggesting, inflation would outweigh spending EVEN MORE

yeah, this printing spree is going to fuck over everyone who ever did the right thing

fuck over everyone who lived within their means and tried to save to protect themselves against this type of disruption