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hedgehog50  Croydon 19 May 17 4.42pm |
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Originally posted by pefwin
All economies are planned. The planners think that they plan economies. Edited by hedgehog50 (19 May 2017 4.42pm)
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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pefwin  Where you have to have an English ... 19 May 17 4.45pm |
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Originally posted by CambridgeEagle
Not planned in the sense that a communist economy is a "planned economy". That particular usage proved to be a contronym.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| pefwin Where you have to have an English ... 19 May 17 4.48pm |
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Originally posted by hedgehog50
The planners think that they plan economies. Edited by hedgehog50 (19 May 2017 4.42pm) What "planners", I think you refer to Stalin style 5 year plans, but all economies are planned for example Feudalism was a planned economy, or the Roman Empire.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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| hedgehog50 Croydon 19 May 17 4.53pm |
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Originally posted by pefwin
What "planners", I think you refer to Stalin style 5 year plans, but all economies are planned for example Feudalism was a planned economy, or the Roman Empire. Small cliques in Whitehall and Brussels whose planning is largely a pyramid of guesswork.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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 Rudi Hedman Caterham 19 May 17 5.05pm |
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Originally posted by Hrolf The Ganger
Wonderful use of jargon but please explain how creating electronic money does not automatically lead to inflation. He's saying there wouldn't be as much wage rise inflation because there's spare labour to be hired, and hand in hand there's not the cause of wage cost/product cost inflation. Plus their propensity to spend on essentials is high. If I or the local council hire the out of work gardener instead of the gardener up to his eyeballs in work, it costs me or the local council less and not putting up the cost of coffee or sandwiches in the local park cafe. QE is going to lead to some inflation, but if the interest rates are low to begin with, it's more manageable. It also obviously decreases the value of currency so is good for exports, bad for imports.
COYP |
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| Hrolf The Ganger 19 May 17 5.21pm |
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Originally posted by Rudi Hedman
He's saying there wouldn't be as much wage rise inflation because there's spare labour to be hired, and hand in hand there's not the cause of wage cost/product cost inflation. Plus their propensity to spend on essentials is high. If I or the local council hire the out of work gardener instead of the gardener up to his eyeballs in work, it costs me or the local council less and not putting up the cost of coffee or sandwiches in the local park cafe. QE is going to lead to some inflation, but if the interest rates are low to begin with, it's more manageable. It also obviously decreases the value of currency so is good for exports, bad for imports. That's It? I'd like someone who claims to 'know' about this stuff to tell me in detail why I'm wrong, ideally without jargon.
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| Rudi Hedman Caterham 19 May 17 5.35pm |
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Originally posted by Hrolf The Ganger
That's It? I'd like someone who claims to 'know' about this stuff to tell me in detail why I'm wrong, ideally without jargon. There are lots of people earning n&ff all in employment, zero hours contracts, or next to n&ff all in 'self employment.' By that I mean trying to start a new business that'll ultimately fail, rather than delivery drivers and such like. You wanted to hear why you're wrong. Cambridge or I haven't said electronic money doesn't create inflation. It's just not as severe and easier to deal with in the market situations and opportunity he has highlighted. Quick reply? We're not anticipating a quick reply mate. Edited by Rudi Hedman (19 May 2017 5.59pm) Edited by Rudi Hedman (19 May 2017 6.02pm)
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| Rudi Hedman Caterham 19 May 17 5.35pm |
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Only an hour? A bit weak.
COYP |
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| Rudi Hedman Caterham 19 May 17 5.42pm |
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Originally posted by Hrolf The Ganger
Providers of goods and services now set prices by what people are prepared or able to pay rather than percentage of profit. There must be a knock on. . What about price competition. A consumer won't be prepared to pay more when he can get the same for less down the road.
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| Hrolf The Ganger 19 May 17 7.05pm |
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Originally posted by Rudi Hedman
There are lots of people earning n&ff all in employment, zero hours contracts, or next to n&ff all in 'self employment.' By that I mean trying to start a new business that'll ultimately fail, rather than delivery drivers and such like. You wanted to hear why you're wrong. Cambridge or I haven't said electronic money doesn't create inflation. It's just not as severe and easier to deal with in the market situations and opportunity he has highlighted. Quick reply? We're not anticipating a quick reply mate. Edited by Rudi Hedman (19 May 2017 5.59pm) Edited by Rudi Hedman (19 May 2017 6.02pm) Ha ha. OK, so your argument is about degree.
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| Hrolf The Ganger 19 May 17 7.06pm |
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Originally posted by Rudi Hedman
Only an hour? A bit weak. Quality not quantity.
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| Part Time James 19 May 17 7.07pm |
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Originally posted by Rudi Hedman
There are lots of people earning n&ff all in employment, zero hours contracts, or next to n&ff all in 'self employment.' By that I mean trying to start a new business that'll ultimately fail, rather than delivery drivers and such like. You wanted to hear why you're wrong. Cambridge or I haven't said electronic money doesn't create inflation. It's just not as severe and easier to deal with in the market situations and opportunity he has highlighted. Quick reply? We're not anticipating a quick reply mate. Edited by Rudi Hedman (19 May 2017 5.59pm) Edited by Rudi Hedman (19 May 2017 6.02pm) I don't wish to join the debate, or in any way upset you, but I have a genuine question. Do we have to censor the word "naff" on here?
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