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CyberTory Economics lesson

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    CyberTory Economics lesson

    A new economic theory that goes against conventional ecomomic laws.

    Rule 1: In times of Inflation and house market bubbles, interest rates should be lowered.
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

    #2
    Originally posted by Bagpuss View Post
    A new economic theory that goes against conventional ecomomic laws.

    Rule 1: In times of Inflation and house market bubbles, interest rates should be lowered.

    At times of impending recession, even when inflation is high, of course interest rates should be lowered. Unfortunatey we left it too late and were overconcerned with inflation which anybody with commonsense could see was going to naturally fall anyway, due to that recession.
    Ideally, taxes should also be lowered, but HMG have put us so much into debt that it was not a viable option. Australia had a budget surplus of 20 billion dollars that it handed out to its needy people last month. If only we had a Tory government, we could have been in a position to do likewise!!

    Comment


      #3
      Originally posted by Cyberman View Post
      At times of impending recession, even when inflation is high, of course interest rates should be lowered. Unfortunatey we left it too late and were overconcerned with inflation which anybody with commonsense could see was going to naturally fall anyway, due to that recession.
      Ideally, taxes should also be lowered, but HMG have put us so much into debt that it was not a viable option. Australia had a budget surplus of 20 billion dollars that it handed out to its needy people last month. If only we had a Tory government, we could have been in a position to do likewise!!
      That would be the bankers?

      Comment


        #4
        Rule 2: With Hindsight modify what you previously said

        Rule 3: Debt fuelled booms can last forever if interest rates keep being lowered, there is an infinite supply of money. Interest rates should never be raised to control unsustainable borrowing

        Rule 4: A debt laiden economy is a healthy economy
        The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

        But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

        Comment


          #5
          Originally posted by Bagpuss View Post
          Rule 2: With Hindsight modify what you previously said

          Rule 3: Debt fuelled booms can last forever if interest rates keep being lowered, there is an infinite supply of money. Interest rates should never be raised to control unsustainable borrowing

          Rule 4: A debt laiden economy is a healthy economy


          Debt fuelled booms only happen if you have New Lie in power. They created an unlimited supply of money to lend, and Gordon Brown instigated this scenario by his changing of bank regulation. No government in its right mind should ever do this, as history has shown. Lending should be closely tied to deposits, as I have stated on other threads, and if this rule is adhered to there will NOT be an infinite supply of money.

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