Quote from: tomtom on December 09, 2011, 09:36:38 pmYeah, Iceland did real well didn't they!They are in a +GDP this year, so yeah, they did really well. They did the right thing
Yeah, Iceland did real well didn't they!
Quote from: Bonjoy on December 09, 2011, 11:13:39 amI was going to reply to Shark’s comment about globalisation not yet having run its course, but read this article instead which covers various things I was thinking better than I could put them: http://www.energybulletin.net/stories/2011-12-08/what-peak-oil-looks Sorry Jon. I like a good, rational peak oil debate as much as anyone, particularly as i work in the resources sector and have an insiders view. But when the author is the proclaimed Grand Druid of the Ancient Order of Druids in North America (say that with a straight face) and has over twenty books gleefully heralding the demise of the world we live in, then my suspicions are raised as much as, if not higher than, when reading a lobbyists puff piece on "drill baby drill" in the Arctic.
I was going to reply to Shark’s comment about globalisation not yet having run its course, but read this article instead which covers various things I was thinking better than I could put them: http://www.energybulletin.net/stories/2011-12-08/what-peak-oil-looks
The observed rise in inequality in the last 20-30 years is a global trend, not just a British one. If you look at the data in different countries, and try to overlay the changes in government from left to right to left or whatever, there's not much correlation.
Time to resurrect this thread methinks. It's all going down...Swedes steal English game plan....
I think we have been round in circles on this before. I am not at all convinced that many "politicians" have conviction views on economic issues, they just echo the prejudices of whatever portion of the electorate is necessary to get/ keep them elected.
In neo-classical economic theory, hyperinflation is rooted in a deterioration of the monetary base, that is the confidence that there is a store of value that the currency will be able to command later. In this model, the perceived risk of holding currency rises dramatically, and sellers demand increasingly high premiums to accept the currency. This in turn leads to a greater fear that the currency will collapse, causing even higher premiums. One example of this is during periods of warfare, civil war, or intense internal conflict of other kinds: governments need to do whatever is necessary to continue fighting, since the alternative is defeat. Expenses cannot be cut significantly since the main outlay is armaments. Further, a civil war may make it difficult to raise taxes or to collect existing taxes. While in peacetime the deficit is financed by selling bonds, during a war it is typically difficult and expensive to borrow, especially if the war is going poorly for the government in question. The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive.
I thought this was a thought-provoking piece. Overall logic seems sound though so what reliant on an overarching narrative you might not go for. I've had similar thoughts about with regard to the reality of restarting our business. Also could have some relevance to the long term decline in interest rates?https://ourfiniteworld.com/2020/03/31/economies-wont-be-able-to-recover-after-shutdowns/Posting here as the other threads are mostly converging on politician bashing.
Other thought was I've made about one financial transaction a week recently. Might people discover there is more to life than shopping?
an appreciation of what's on your doorstep,
Starting reading this thread without looking at the date, read bonjoys first post, couple of responses Jaspersharpe? Haven’t seen him for a while, he must be bored at home.Wait a minute! It all fits. And here we are