maxmaximus Posted November 24, 2012 Share Posted November 24, 2012 Not a button as such but keeping inflation ahead of targets has that kind of gradual effect. A nice short dose of hyper-inflation would finish off the job. Not sure on this but isn't much of the government’s debt index linked. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 24, 2012 Share Posted November 24, 2012 The banker’s didn’t spend more than they could afford, that was the government, it was also the government that didn't save for a rainy day, and the government that borrowed money and fritted it away. The banks, the people that borrowed more than they could afford and the government are all to blame but the government should shoulder the most responsibility, because they had the power to rain in debt long before the crash. Yes they did. So did the government. So did households. The biggest slice of over-indebtedness is with financial institutions and that slice is way, way bigger than government debt. Have a read http://www.bbc.co.uk/news/business-15820601 Link to comment Share on other sites More sharing options...
Thistledoo Posted November 24, 2012 Author Share Posted November 24, 2012 Yes they did. So did the government. So did households. The biggest slice of over-indebtedness is with financial institutions and that slice is way, way bigger than government debt. Have a read http://www.bbc.co.uk/news/business-15820601 Well well well!...Fancy that Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 24, 2012 Share Posted November 24, 2012 Not sure on this but isn't much of the government’s debt index linked. Some of it is. If hyperinflation happened the government would just print money, lots and lots of money. Link to comment Share on other sites More sharing options...
Thistledoo Posted November 24, 2012 Author Share Posted November 24, 2012 Some of it is. If hyperinflation happened the government would just print money, lots and lots of money. Making savings virtually worthless? Destroying pensions? Making people who have worked hard for 50 years and saved for retirement virtually reliant on the state! Link to comment Share on other sites More sharing options...
poppins Posted November 24, 2012 Share Posted November 24, 2012 But socialized government health care is free anyhow so there just taking away something that was free in the first place. Aren't they Link to comment Share on other sites More sharing options...
Thistledoo Posted November 24, 2012 Author Share Posted November 24, 2012 But socialized government health care is free anyhow so there just taking away something that was free in the first place. Aren't they NO....they are taking away something that taxpayers pay heavily for! They will still pay but NOT get the service. OUR NHS is sacred as far as I am concerned. Our parents and grandparents fought and died to create a land fit for heroes. The NHS was a major part of that! Link to comment Share on other sites More sharing options...
JFKvsNixon Posted November 24, 2012 Share Posted November 24, 2012 But socialized government health care is free anyhow so there just taking away something that was free in the first place. Aren't they I think that the phrase that you're looking for is free at the point of use, the £121 billion that us tax payers spend on it does indicate that it isn't free. Link to comment Share on other sites More sharing options...
Thistledoo Posted November 24, 2012 Author Share Posted November 24, 2012 The reality! http://www.mirror.co.uk/news/uk-news/health-reform-would-mutilate-the-nhs-742788 Link to comment Share on other sites More sharing options...
maxmaximus Posted November 24, 2012 Share Posted November 24, 2012 Yes they did. So did the government. So did households. The biggest slice of over-indebtedness is with financial institutions and that slice is way, way bigger than government debt. Have a read http://www.bbc.co.uk/news/business-15820601 From your link, It has now become widely recognised that perhaps the greatest economic policy failure in the UK, US and eurozone during the 16 boom years before the crash of 2008 was the explosion of borrowing by banks, households, businesses and governments Do banks make policy or governments? Don't banks borrow money in order to lend it back to the public and business, the bottom line is that if everyone hadn't borrowed money in the first place there wouldn't have been a crash but there also wouldn't have been a 16 year boom. Link to comment Share on other sites More sharing options...
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