@MittRomney is trying to hit back at me because I'm saying that he let the Repub Party down w/ his loss to Obama. Should've won—he choked! Donald J. Trump @realDonaldTrump
If Trump is as clever as he thinks he is then he should rule himself out. If he's as thick as everyone else thinks he is then everyone else should rule him out.
There's a lot to dislike about Trump.
Maybe, but clearly a lot still like him as he still leads most GOP polls for the nomination even if he does rather less well in the general election
The original quote to which I replied was about Keynsian economic stimulus. A priori that means no tax hikes. Your counter was that an idiotic government could create inflation through tax hikes. It;s not only a different argument, it's entirely spurious.
Jim Callaghan: "We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists, and that in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step. Higher inflation followed by higher unemployment. We have just escaped from the highest rate of inflation this country has known; we have not yet escaped from the consequences: high unemployment.
That is the history of the last 20 years. Each time we did this the twin evils of unemployment and inflation have hit hardest those least able to stand them. Not those with the strongest bargaining power, no, it has not hit those. It has hit the poor, the old and the sick."
And there is some truth in this in Callaghan's day.
Today, however, the influence of an individual national government's Budget Balance on inflation in a globalised economy is virtually zero.
And yet inflation rates around the world range from 90%+ in Venezuela to -0.9% in Portugal
I guess reading is beyond you.;
BUDGET BALANCE. It is pretty clear that running a Marxist economy will still have the same effect it always has, total destruction.
Pretty much every developed economy, regardless of deficit or surplus, has inflation rates within a very narrow band. Control of inflation is beyond the governments control in these countries within any reasonable parameter.
errr.... " influence of an individual national government's Budget Balance on inflation" - many would take that to mean the effect of the budget balance (or lack of) of the government in question.
Did you mean something like " influence of an individual national government economic policy (assuming roughly balanced budgets) on inflation"?
Jim Callaghan: "We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists, and that in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step. Higher inflation followed by higher unemployment. We have just escaped from the highest rate of inflation this country has known; we have not yet escaped from the consequences: high unemployment.
That is the history of the last 20 years. Each time we did this the twin evils of unemployment and inflation have hit hardest those least able to stand them. Not those with the strongest bargaining power, no, it has not hit those. It has hit the poor, the old and the sick."
And there is some truth in this in Callaghan's day.
Today, however, the influence of an individual national government's Budget Balance on inflation in a globalised economy is virtually zero.
And yet inflation rates around the world range from 90%+ in Venezuela to -0.9% in Portugal
I guess reading is beyond you.;
BUDGET BALANCE. It is pretty clear that running a Marxist economy will still have the same effect it always has, total destruction.
Pretty much every developed economy, regardless of deficit or surplus, has inflation rates within a very narrow band. Control of inflation is beyond the governments control in these countries within any reasonable parameter.
errr.... " influence of an individual national government's Budget Balance on inflation" - many would take that to mean the effect of the budget balance (or lack of) of the government in question.
Did you mean something like " influence of an individual national government economic policy (assuming roughly balanced budgets) on inflation"?
It's called context, it's why I quoted the post I was replying to and why it referred to the argument which the previous post was making against Keynsian stimulus.
If you click on the blue bit that says ">>show previous quotes" you can go back and read the post I was replying to.
So far it is. Falklands to the Argentinians. Gib to the Spanish No Nuclear deterrent. No finger on the button. Negotiations with ISIS. ditto Hezbolah ditto Hamas. Praise for the bombers of the IRA The ones who killed and maimed UK citizens all over the country...maybe the citizens of Manchester can discuss this with him when he goes up there next week . Possible withdrawal from NATO Cancel the Trident replacements. ...and these are just a fw of his "Sincere" thoughts .This is the man who is now the leader of the Labour Party
Absolutely incredible.. Why are the people who hate us, laughing like idiots..
Didn't he actually say he wouldn't negotiate with ISIS? Although how that fits with "a political solution" is anyone's guess...
Somewhat to my surprise today several of my OAP friends ...... all retired professional people, some admittedly from public service, but some not ...... told me that having seen Corbyn on the box they thought he was a breath of fresh air, and they liked what he was saying. They weren't people with whom I normally discuss politics, either.
I hadn't expected that from them; personally I'm not sure about Jezza. Yet anyway. Can see him getting me to move to Lab from LD though.
So in addition to wanting to reduce our army, abandon our nuclear deterrent and give away British territory, Corbyn now thinks the biggest concern to the British public isn't a problem.
Reduce our army? The one that lost 20,000 soldiers under that nice Mr Cameron?
Somewhat to my surprise today several of my OAP friends ...... all retired professional people, some admittedly from public service, but some not ...... told me that having seen Corbyn on the box they thought he was a breath of fresh air, and they liked what he was saying. They weren't people with whom I normally discuss politics, either.
I hadn't expected that from them; personally I'm not sure about Jezza. Yet anyway. Can see him getting me to move to Lab from LD though.
Liked what he was saying, as in they would vote for him? Nurse!
I'm surprised Assad doesn't just piss off to Russia and see what Obama does about the massacre and blood bath that is certain to follow. As so often the West have chosen the wrong side
Comments
Utter bollocks.
The original quote to which I replied was about Keynsian economic stimulus. A priori that means no tax hikes. Your counter was that an idiotic government could create inflation through tax hikes. It;s not only a different argument, it's entirely spurious.
We may need Trident after all.
Did you mean something like " influence of an individual national government economic policy (assuming roughly balanced budgets) on inflation"?
If you click on the blue bit that says ">>show previous quotes" you can go back and read the post I was replying to.
Syria will never be a civilised place again.
IS brainwashing and training children to be killers.
......and amputating limbs from children who don't comply
I hadn't expected that from them; personally I'm not sure about Jezza. Yet anyway. Can see him getting me to move to Lab from LD though.
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@robertshrimsley: This is very good -Corbyn's Nirvana fallacy https://t.co/zuo3ylJp0J