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  1. BenGarfield

    [Politics] Gary's Economics

    His hearts in the right place but his basic diagram which he drew on the kitchen table has a false assumption that the money flows from the various groups in society to the government in the form of taxation on which government expenditure is dependent. Its the same old neo-liberal government is...
  2. BenGarfield

    [Albion] Manchester City vs Brighton & Hove Albion *** Official Match Thread ***

    Apart from the one he’s already Scored
  3. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    Really ? Can you give me an example?
  4. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    So the fact that the Russian economy is booming/overheating as I ponted out in an earlier post, hence the inflation, is Russian propaganda? Perhaps you should look at some western "propaganda" from the Washington post...
  5. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    What cupboard? This is nonsense. Every UK government since 1971 has printed money. Thats what fiat currency governments do. I hold no brief for Gordon Brown, as I understand from a guy I met at a recent economics conference, who had interviewed Brown for an economics podcast, that despite...
  6. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    Don’t agree. Reserves? What reserves? Why would it need them as the producer of the “reserves” in the first place. They should control inflation by taxation and other fiscal measures, also by issuing national savings to take money out of the economy which appears to be overheating, but...
  7. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    Big mistake hiking interest rates that high in an attempt to control inflation as a result of their booming economy. Reminiscent of the Thatcher government of the early eighties - although our economy wasn’t booming. They should set interest rates to 0%.
  8. BenGarfield

    [Politics] Russia invades Ukraine (24/02/2022)

    Russia can’t “run out” of money. No nation with its own fiat currency can run out of the thing which it is the monopoly producer of.
  9. BenGarfield

    [Politics] The Labour Government

    Take a look at this interesting discussion berween two professors of economics which backs up my view - presumably they are on glue too? The summary of the above is:- 1. The issue was fiscal and monetary policy not working in tandem 2. The outcome could have been predicted by an MMT...
  10. BenGarfield

    [Politics] The Labour Government

    Well introduce policies to ensure that there are a variety of media outlets as suggested in Corbyn`s 2019 Manifesto ;’p more diversity in the media as suggested in Corbyns 2019 manifesto
  11. BenGarfield

    [News] Salisbury Poisonings

    What happened to the other bottle, some of the contents having allegedly been used to coat the skripals door handle?
  12. BenGarfield

    [Politics] The Labour Government

    Alth Although I despise her politics , Truss should have stood her ground and withstood the machinations of the City
  13. BenGarfield

    [Politics] The Labour Government

    Let them go, we don’t want their undue influence on politics
  14. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    Yes you could lower tax and increase spending
  15. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    Firstly, governments dont borrow at all in the sense that a household does. Secondly QE had very little effect merely swapping bonds for reserves under the misguided assumption that increase reserves would encourage spending, when banks dont lend out of reserves. The Liz Truss debacle told us...
  16. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    Somehow I knew you were going to say that, as if I havent heard this a million times before, If spending by "printing" money, which as I have already pointed out, is what all countries with fiat currencies do every day necessarily leads to high inflation then most developed countries would...
  17. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    We are not `grappling` with a deficit - this is economic nonsense. Somehow Japan has continuously high deficits, high public debt, (around 200%) Mainstream economists predicted rising interest rates and bond yields, accelerating inflation and, inevitable government insolvency. All predictions...
  18. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    The problem is many older people dont like the idea of claiming benefits because of the social stigma and because of the complications involved. Would you get rid of all universal benefits ?
  19. BenGarfield

    [Politics] Labour Party meltdown incoming.......

    Whats your evidence for this assertion?

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