Melanius Mullarkey Posted April 19, 2020 Share Posted April 19, 2020 1 hour ago, Mastermind said: Brutal. Makes Mhari Black look eloquent. Where’s the PM m8? Still in hiding? 6 Quote Link to comment Share on other sites More sharing options...
Snobot Posted April 19, 2020 Share Posted April 19, 2020 40 minutes ago, Theroadlesstravelled said: I've no idea. I had to turn it off after a few seconds of hearing him. Well that would probably open you up to accusations of being the very definition of a bigoted ignoramus, regardless of the strength or otherwise of McGarvey’s argument. 3 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted April 20, 2020 Share Posted April 20, 2020 (edited) 1 hour ago, pandarilla said: What are the main reasons that we can't keep printing money? You end up with hyperinflation. The money people have becomes worth much less and prices sky rocket. Following WW1 Germany printed money to pay off its war debts. In the end, children played with huge bundles of banknotes worth trillions of Marks as they were absolutely worthless. See also Zimbabwe. Edited April 20, 2020 by Todd_is_God 0 Quote Link to comment Share on other sites More sharing options...
GordonS Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, pandarilla said: I'd like to see this discussion play out a bit more (along with the nurses pics). Every instinct i have says they're has to be long term and very damaging consequences to this. But I'm generally pretty clueless on economics so I'm happy to be persuaded. What are the main reasons that we can't keep borrowing /printing money? And why do you guys (and a couple of others) think that doesn't need to apply? From what I've read by people who ought to know on the left and right, if we don't borrow and spend our way through this we won't have an economy to come back to. There's little point in the country having less debt if we have 30% unemployment by July and catastrophically less money in the system. 0 Quote Link to comment Share on other sites More sharing options...
ArabianKnight Posted April 20, 2020 Share Posted April 20, 2020 Great video I watched earlier. Seems to me to make a lot of sense. Guy has done his research and this isn't any tin foil hat nonsense. 0 Quote Link to comment Share on other sites More sharing options...
Guest JTS98 Posted April 20, 2020 Share Posted April 20, 2020 (edited) 2 hours ago, pandarilla said: I'd like to see this discussion play out a bit more (along with the nurses pics). Every instinct i have says they're has to be long term and very damaging consequences to this. But I'm generally pretty clueless on economics so I'm happy to be persuaded. What are the main reasons that we can't keep borrowing /printing money? And why do you guys (and a couple of others) think that doesn't need to apply? Printing money is a risk, but it's not correct to be as black and white as 'printing money = catastrophe'. For example, the Japanese economy has done fine out of the central bank using money out of thin air to buy up government bonds. There are a lot of factors involved in that, but it's not the case that printing money always leads to disaster. America's current approach is similar to the Japanese model, for example. As for borrowing, interest rates are extremely low just now, meaning, in simple terms, that it's a great time to borrow money. This will obviously lead to a huge spike in national debt, but governments may reasonably come to the conclusion that that's better than dealing with the economic and social consequences of a large percentage of the public losing their jobs: How can the public help a recovery when they have no job and no savings? Huge debt levels can be handled. It just relies on smart policy. The approach to debt in the west after World War 2 was largely very different to post-WW1, and much more successful. Generally speaking, austerity (such as post WW1 Britain) to deal with this kind of thing proved to be a bad idea as it simply slowed output and made the problem worse. The whole point is that you borrow to prop up the economy and then accept that it's a shit situation and we need to wait quite a while to bring the debt back down to levels we are happy with. Governments could also implement financial repression, where they force banks etc to lend to them on terms that favour the government. Handled well, a massive increase in debt needn't be much of a problem. If that debt has ensured the public come out of this with disposable income, then they are ready to go shopping once it's over and get the economy moving again. It may cause a rise in inflation if governments choose some version of printing money to accompany borrowing, but short-term that's not going to lead to a Zimbabwe situation. So, I think the government will continue to borrow their way out of this. Certain newspapers will bang on about rising national debt, but it's not really something to panic about, especially when compared to the alternative. Edited April 20, 2020 by JTS98 0 Quote Link to comment Share on other sites More sharing options...
Ludo*1 Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, Theroadlesstravelled said: Scots are voting for the Tories because they think Labour and SNP are worse. There is no other explanation. Then they are fucking morons. We can appreciate that some people think the SNP want to break up the island and that's a bad thing, I disagree with it, but for the older generation I can at least get my head round it. Labour are an irrelevance. They'd be a disaster - and they just scream incompetence so again I can understand why people don't vote for them. Still doesn't make me understand why people think the most evil c***s in the land are electable though. I'd much prefer genuine incompetence or someone I profoundly disagree with coming into power than someone that's blatantly an evil b*****d. Yet, a sizeable minority in Scotland still believe they are the way ahead. 3 Quote Link to comment Share on other sites More sharing options...
Theroadlesstravelled Posted April 20, 2020 Share Posted April 20, 2020 This is equally as cringey as that Jocko DJ - 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted April 20, 2020 Share Posted April 20, 2020 (edited) 58 minutes ago, ArabianKnight said: Great video I watched earlier. Seems to me to make a lot of sense. Guy has done his research and this isn't any tin foil hat nonsense. Someone no longer having her picture on a website doesn't amount to proof of anything for me. Him saying it's well researched and not tin hat doesn't make it so. Edited April 20, 2020 by welshbairn 0 Quote Link to comment Share on other sites More sharing options...
Fullerene Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, Todd_is_God said: You end up with hyperinflation. The money people have becomes worth much less and prices sky rocket. Following WW1 Germany printed money to pay off its war debts. In the end, children played with huge bundles of banknotes worth trillions of Marks as they were absolutely worthless. See also Zimbabwe. You take bags of money to the supermarket to buy something you can put in your wallet. 0 Quote Link to comment Share on other sites More sharing options...
SmudgePop Posted April 20, 2020 Share Posted April 20, 2020 On 22/01/2020 at 15:47, Honest Saints Fan said: I wear a lovely surgical mask when travelling. It's got a nice purple pattern on it. Need to look good... Did you buy it or did you make it and customize? Does it have filter for protection? TIA 0 Quote Link to comment Share on other sites More sharing options...
Mon_The_Fife Posted April 20, 2020 Share Posted April 20, 2020 That’s lockdown over here extended for another 5 days until Monday 27th at 11.59pm. An extra few days of FIFA and beers for me then! 0 Quote Link to comment Share on other sites More sharing options...
MONKMAN Posted April 20, 2020 Share Posted April 20, 2020 I know a few younger people who vote for the tories. The idiots somehow think that because they’re mortgaged our their eyeballs in a 3 bed detached new build, with a leased bmw in the drive, that they’re somehow middle class. Strange behaviour. Also ****, **** vote Tory to “save the union”. 4 Quote Link to comment Share on other sites More sharing options...
Mastermind Posted April 20, 2020 Share Posted April 20, 2020 7 hours ago, Melanius Mullarkey said: Where’s the PM m8? Still in hiding? We independent yet m8? -1 Quote Link to comment Share on other sites More sharing options...
Turkmenbashi Posted April 20, 2020 Share Posted April 20, 2020 7 hours ago, ICTJohnboy said: Half a million English live in Scotland. Lovely people of course, but perhaps just a tad politically naive. No need for that. We have plenty of our own home grown idiots. Many of English here, are perfectly decent non-Tory people. 1 Quote Link to comment Share on other sites More sharing options...
madwullie Posted April 20, 2020 Share Posted April 20, 2020 8 hours ago, Mastermind said: Brutal. Makes Mhari Black look eloquent. TBF to the guy, he's a published author, won the Orwell (?) Prize, has been on QT a number of times amongst other accolades. Meanwhile you guys are low grade trolls on a football website. Quality 2 Quote Link to comment Share on other sites More sharing options...
dirty dingus Posted April 20, 2020 Share Posted April 20, 2020 4 hours ago, Fullerene said: You take bags of money to the supermarket to buy something you can put in your wallet. Tesco selling Charlie? 1 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted April 20, 2020 Share Posted April 20, 2020 8 hours ago, pandarilla said: I'd like to see this discussion play out a bit more (along with the nurses pics). Every instinct i have says they're has to be long term and very damaging consequences to this. But I'm generally pretty clueless on economics so I'm happy to be persuaded. What are the main reasons that we can't keep borrowing /printing money? And why do you guys (and a couple of others) think that doesn't need to apply? Same here. 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted April 20, 2020 Share Posted April 20, 2020 15 minutes ago, madwullie said: TBF to the guy, he's a published author, won the Orwell (?) Prize, has been on QT a number of times amongst other accolades. Meanwhile you guys are low grade trolls on a football website. Quality Plus he doesn’t hide in fridges or country houses when the first sign of taking responsibility happens. 1 Quote Link to comment Share on other sites More sharing options...
ICTJohnboy Posted April 20, 2020 Share Posted April 20, 2020 15 minutes ago, Turkmenbashi said: No need for that. We have plenty of our own home grown idiots. Many of English here, are perfectly decent non-Tory people. I wouldn't dispute that. Quite a few of our own "home grown idiots" regularly present themselves on here from time to time! Might be interesting all the same if some kind of meaningful survey could be undertaken, as to how non- Scots currently resident in Scotland have voted in past elections, including referendums, and what their future voting intentions might be. 1 Quote Link to comment Share on other sites More sharing options...
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