Comments on: Even Britain has now abandoned austerity http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: cactusnick http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-937 Sat, 27 Apr 2013 21:44:39 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-937 Sorry but this is Keynsian nonsense. Borrowing huge amounts of money to stimulate the economy is a great idea – as long as you are not already mired in debt. This is basic monetary nous. If this Keynsian idea of borrowing while in massive debt were the miracle cure the left calim it is, the world’s ecomonies wouldn’t be in such a state. The fact is that borrowing while in massive debt is a GAMBLE. You may get lucky, and it may work in your favour like the author of this article claims. Most of the time though it will only result in an even bigger debt, and will certainly just addict the population further into the idea that the sole purpose of a government is to provide a higher and higher standard of living while requiring less and less work in return. You can fuel this kind of socialist monetary expansion for a while – but it always guaranteed to fail after a whort period. Look at the political history of Britain since the second world war and it goes like this: Nice Labour come to power, do lots of nice things, but screw up the economy. Nasty Tories come to power, do lots of nasty things but – fix the economy. Nice Labout get voted it, and the cycle repeats endlessly. So society has a choice between the nice guys who are incompetent in basic housekeeping (due to their left-wing upbringing which brainwashes them into believing whole-heartedly in Keynsiansim as a kind of infallible science) and the nasty Tories, who do understand the basic schoolground rules of economics. So to a major degree, it is the FAULT of the Labour party that the Conservatives get in periodically – because as the economy gets slowly destroyed by excessive debt and borrowing – the electorate comes to its senses and votes in the Conservatives so they can step back from recklessness of a high-tax high-borrowing economic policy, (which is akin to gambling and lying to the elctorate) in order to make the cuts necessary to stabilize the economy, while the left moan and whinge that the cuts are the problem, not the cure. The point is that austerity WILL WORK IN THE END and is a much better, more permanent solution than gambling with money that you do not have. If the author of this article thinks the Tories have given up austerity – and he has a point because the cuts are not anything like as severe as they could be – we can be absolutely sure of one thing – Labour would have borrowed us into submission by now.

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By: interrogator http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-884 Sat, 30 Mar 2013 09:43:34 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-884 i may be somewhat naive. but from information i have gleaned, nothing exists money wise. all of the worlds economies are based on debt. this is a system that has functioned for over a hundred years. why not change it? why not set everything to zero worldwide, so no debt exists. start from a clean slate as it were. surely if every person is indebted to their credit cards, financial institutions in debt to each other, governments and economies etc etc, nothing exists. or is the point to hold poorer areas at ransom? enlighten me please.

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By: Fougasse http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-871 Sun, 24 Mar 2013 01:42:22 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-871 Tovarische Kaletskii is correct but for the wrong reasons. As so many do, he keeps playing the Keynesian shell game to explain why consuming what we haven’t produced is harmless. Nevertheless, austerity cannot possibly save us. But the reason is that we, the inhabitants of the self-styled “first world countries” are hopelessly addicted to the idea of getting something for nothing. We must have our social engineering even at the cost of cannibalizing our children. The future will damn us. We know this instinctively. But we do not care.

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By: LysanderTucker http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-870 Sat, 23 Mar 2013 02:36:50 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-870 The funding of governments by private banks is the biggest scam in history. At any point that the public wakes up and realizes it, those governments will suddenly criminalize that debt, along with the banks that loaned it and start over with a clean slate. For now though, they’re satisfied buying up all the gold (real money) with fiat paper (printed from thin air) backed by the governments (cartels) ability to collect taxes (steal) from the production (labor) of a given population.

If we don’t pay our debts, we lose everything. Governments lose nothing when they don’t pay theirs. Ours is real, theirs is fake.

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By: trevorh http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-862 Thu, 21 Mar 2013 23:19:31 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-862 Keynes is never right..

But government has to spend because of “security” and “social order” reason NOT economic reason. I am quite certain that if the economy is measured by utility, then the economy is not growing at all with debt.

But then: Do you want debt or do you want the pitch forks of the unfortunates.

Remember that even if you draft them and send them to wars to get rid of them. They have already bred and they will breed more. There will be their kids and of course the kids of their kids to pick up the pitch forks again. There is a very steady and growing supply of that.

So let’s just do whatever it takes, don’t think ahead, screw the consequences, the future is always bleak anyway.

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By: ptiffany http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-861 Thu, 21 Mar 2013 19:05:52 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-861 Interesting how most Brits believe they’re suffering through a five-year depression as do many other Europeans.

Then, there’s our own Nobel Laureate, Paul Krugman, who has authored a book “How to Get Out of This Depression”. For some reason, he seems to be referring to the United States! We should just ignore the 48 million people barely surviving on Food Stamps, and the millions of now unemployed people who no longer receive unemployment benefits and are not even counted among the officially unemployed. Guess they’re just lazy-butt losers who haven’t been hit with the Tinkle-Down/Supply-Side Economics from the One Percenter “job creators”.

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By: reality-again http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-860 Thu, 21 Mar 2013 16:35:59 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-860 The author may be happy about that, but he must also have abandoned ‘optimism’ by now, in view of the latest data coming from Europe…

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By: keebo http://blogs.reuters.com/anatole-kaletsky/2013/03/21/even-britain-has-now-abandoned-austerity/#comment-859 Thu, 21 Mar 2013 16:26:08 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=301#comment-859 The author must be happy.

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