UK debt crisis is imminent. What happens to the economy ?

:-) time to introduce the new franc or the new mark....or the new euro!

regards....

no, you are less aware and numerate than the other poster....

the problem in fact is you cannot explain your position, probably because you don't even understand it or know what you are on about with any useful clarity....

Take no notice of Lardmouth, John. No one else does. He's that thick he'd fail his own franchise by examination, exam.

Available credit does encourage people to trade when they otherwise couldn't, or even shouldn't.

That's a real shame.

Writing off a debt collapses the money supply in just the same way as paying off a debt does. Do enough of either and you get a deflation.

I have similar suspicions about thee sir!

FoFP

X-No-Archive: yes In message , abelard writes

There was one of those contests on (IIR) BBC Radio Solent for the terminally dead. One of the questions that floored all the callers was: "How many cubic millimetres in a cubic metre?"

Caller: "One thousand?"

Presenter: "No -- a lot more than that."

Caller: "Two thousand?"

Another caller was given a clue: "Think about Bill Gates of Microsoft. BILL...?

Caller: 98?

a very reasonable claim...

a pov.....but do you want an old time deflation? at the heart of what keynes taught is that there is no natural rate of unemployment....

so, you do it slowly? you print more than you write off? japan is in the midst of that learning curve....

best you try to keep out of it in the first place... 'i'd rather not start from here'

the objective is to keep the roundabout spinning..... so, 5% go down in a year....you can manage that ok..... i rate uk's inflation ~6% last time i checked.....

that could easily be... i start from the real world.....i get the impression you still have the cobwebs of uni voodoo economics! i regard that paradigm as nutz.....i can't think in nutz!

regards....

i like you already!

lots! i get the impression many of these get by on....one , two, many......

:-)

regards....

Sure. After six decades of inflation, it's time for the medicine.

I'm an Austrian, not a Keynesian.

Why have twenty years of recession when you can have four of depression and get on with the new boom?

The quickest way to currency repudiation and the return of Gold that exists.

Helicopter money was tried in Japan. It failed.

Indeed, but You Are Here ->

I've never been to a University Economics class in my life.

If you're serious about reasoning from what you see, check out the Austrians: they're much hotter on what happens in fact than what happens in theory.

FoFP

where's the purpose...25% 'unemployed'

you don't have to get religion to recognise the problem

repeat stt re keynes....why do you believe there will be a 'boom'?

durrrhhhhh.....to refuse to return it would be a repudiation.... you're not one of those damnable gold bugs are you.....

they are still eating.....rather well..... and the problem, such as it is....appears to be *gradually* sighing away.... work is the curse of the drinking classes.....

i'm told brown is moving towards 40-50% clientalism..... this is a new world..... much 'work' is designed to stop grafitti....not to produce anything....

no....we have no serious deflation so far....

don't stop you reading the scribblers in the daily slime....and getting infected

that suits me fine..... but i'd rather you were much more specific than 'the austrians'...even adolf was one of those....

regards...

I suspect he means the school of economic thought that Hayek, Mises and some others are from. Not that I've read any of it other than Hayek.

James

So Harold Wilson unilaterally redefined the meaning of words. I didn't know he was the English equivalent of the French academy thingy.

As I said, just because the americans got it wrong is no excuse for us and we should aim to restore the billion to its rightful place.

In message , abelard writes

There is no good reason for this beyond illiteracy.

In message , abelard writes

I have a German 5 milliard[1] note from October 1923, shortly before they did that.

he was definitely the equivalent of a thingy.

But he was only announcing the inevitable - in spite of the best efforts of the OED or any other agency, country or usenet crackpot, definitions arise from convention, which is why definitions change and how language evolves.

And you're just the man for the job! ........come back when you've restored it ( and do something about those dratted tides while you're at it).

In message , curiosity writes

And whilst I am at it I will endeavour to stop marketing companies removing the capital first letter from proper nouns. Probably the most common such infringement is television titles.

Not unemployed, available to be redeployed to truly profitable jobs rather than servicing the bubble in estate agency, banking or retailing.

Keynes is old hat. Essentially he's just an excuse for governments to tax and spend us into perdition.

After the bust there's always a boom.

Not specifically, but I would rather we outlawed fiat currency as fraud.

So will we.

If it's not worth doing. It's not worth doing at all.

Damn near it in 2003, which is why emergency rate cuts were touted worldwide. Now that's caused a real estate bubble which will produce an even bigger mess than the deflation from the stocks bubble. Looks like Greenspan saved a recession at the cost of a depression.

Maybe, but I've yet to predict a crash and be wrong.

There's always a first time I suppose, but it's playing ominously to the plan so far...

FoFP

Cripes!, you're really stepping out to right the world's wrongs aren't you? But I think this might be the wrong group - try rec.puffing.blowing.pedants

In message , curiosity writes

I'm normally rather more sensibly querying the Holmesian 84% price drop theory, but all these people chucking the word 'billion' about, something had to be said.

:-)