apelike Posted August 8, 2016 Share Posted August 8, 2016 Have a read. https://tompride.wordpress.com/2016/08/03/the-brexit-vote-wasnt-democracy-in-action-it-was-populist-ignorance-on-a-grand-scale/ Just who is this tompride, someone special or just another political blogger? Link to comment Share on other sites More sharing options...
Cyclone Posted August 8, 2016 Share Posted August 8, 2016 Just a blogger AFAIK. Interesting article though isn't it? Link to comment Share on other sites More sharing options...
mossdog Posted August 8, 2016 Share Posted August 8, 2016 post #112, which was in reply to Spilldig specifically says "spending reduced" and leads to the question (post #121, which is itself in reply to #120 that quotes #112) that you then avoid answering whilst referring to increased saving. Why do you imagine that I must specify exactly how much spending will be reduced? If I could somehow do that then I'd be working at or maybe running the BoE. It's not even me that WANTS to reduce spending, that's Spilldig, so why don't you demand he explain exactly how much he wants to reduce it by, so that you can then claim that reduced spending by that specific amount won't harm the economy... ---------- Post added 08-08-2016 at 15:24 ---------- And how can you claim that you didn't avoid it. Specifically not answering the question. ---------- Post added 08-08-2016 at 15:25 ---------- And then some more not answering the question. ........well I'll make your day........I'll promise not to answer any of your future questions! Link to comment Share on other sites More sharing options...
apelike Posted August 8, 2016 Share Posted August 8, 2016 Just a blogger AFAIK. Interesting article though isn't it? Interesting yes, but I would have expected that sort of bias from a remain supporter. As far as lies are concerned, he does not mention the lies that the remain side also spun. He also states: "That’s why Remain supporters need to get their balls back. Because being in a minority doesn’t make us wrong." Trouble is also does not mean they are right either! As said, interesting but nothing of note. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted August 8, 2016 Share Posted August 8, 2016 Is it now time for the BoE's independent rate-setting role to be returned to the Chancellor of the Exchequer? Link to comment Share on other sites More sharing options...
andyofborg Posted August 8, 2016 Share Posted August 8, 2016 Is it now time for the BoE's independent rate-setting role to be returned to the Chancellor of the Exchequer? not really Link to comment Share on other sites More sharing options...
LeMaquis Posted August 8, 2016 Share Posted August 8, 2016 It wouldn't matter in the short term because as people got out of debt the economy would get better. What's happening now might get things going, but as in prewar Germany, with a situation something along the lines of, you join the queue for a loaf of bread which costs say one million pounds, which you have managed to scrape together but by the time you get to the front of the queue its gone up to two million pounds. So you think hyperinflation in Weimar Germany was caused by low interest rates do you? What a fool. It was caused by Germany fighting the first World War on borrowed money rather than through taxation. The plan was to pay off the loans through the spoils of war. What could possibly go wrong? Ah, the Versailles Treaty has imposed massive reparations on us which we have to pay in foreign currency, a bit of a problem with the Mark plummeting in value due to this unaffordable war debt. We'll just print lots of banknotes then. What could possibly go wrong? Link to comment Share on other sites More sharing options...
Cyclone Posted August 8, 2016 Share Posted August 8, 2016 Is it now time for the BoE's independent rate-setting role to be returned to the Chancellor of the Exchequer? Do you think he'd have done anything different? Link to comment Share on other sites More sharing options...
ez8004 Posted August 8, 2016 Share Posted August 8, 2016 Is it now time for the BoE's independent rate-setting role to be returned to the Chancellor of the Exchequer? Are you high? This one of the most ridiculous things I have heard recently. The BoE like every central bank in the western world must be independent of government. One of the greatest advantages of such a setup is that the monetary policy set by the MPC will always be better than those made by elected officials whose expertise will be far inferior. This is one of the times when you want specialists in their field to make the vital decisions. You wouldn't want an elected plumber to a supreme court judge or a history graduate to be Chancellor, oh wait.... Link to comment Share on other sites More sharing options...
LeMaquis Posted August 9, 2016 Share Posted August 9, 2016 Are you high? This one of the most ridiculous things I have heard recently. Do you have to ask? You should read his arguments that it's ok for buildings to burn down; http://www.sheffieldforum.co.uk/showthread.php?t=1442311&highlight=fire Link to comment Share on other sites More sharing options...
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