The election ...When will he call it.

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Bobby
Posts: 16844
Joined: Thu Feb 23, 2017 8:09 pm

Re: The election ...When will he call it.

Post by Bobby » Sun Apr 24, 2022 4:23 pm

Jovial Monk wrote:
Sun Apr 24, 2022 3:51 pm
The huge deficits from the Great Depression and WWII were paid back without a single surplus Budget. Governments can pay the debts down by growing the economy.

Interest rates etc can be used to control inflation—that is, by monetary not fiscal policy.

That's the rabbit in the hat - the magic money printing machine
that halfwits think will solve all our problems.
What it does is cause inflation which robs people of their savings -
it's an enormous invisible tax on sensible people who have saved money.

Jovial Monk

Re: The election ...When will he call it.

Post by Jovial Monk » Sun Apr 24, 2022 4:25 pm

No, deficit Budgets do not cause inflation.

READ a book on Macroeconomics.

J o h n S m i t h
Posts: 3457
Joined: Tue Jun 16, 2015 4:05 pm

Re: The election ...When will he call it.

Post by J o h n S m i t h » Sun Apr 24, 2022 4:30 pm

Jovial Monk wrote:
Sun Apr 24, 2022 3:51 pm
The huge deficits from the Great Depression and WWII were paid back without a single surplus Budget. Governments can pay the debts down by growing the economy.
now you are venturing into territory that is simply beyond the grasp off an idiot like goober

Bobby wrote:
Sun Apr 24, 2022 4:23 pm
That's the rabbit in the hat - the magic money printing machine
see what I mean. :giggle

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