What was the first audience members issue with Jim Murphy? Didn't catch what he said, only something about UKIP.
"You called Farage a 'vile human being'. Doesn't saying that make you equally vile?"
The rare Scottish 'kipper.
I see. Would have been good if he just replied "No."
Tbf the national debt is more like a credit card than it needs to be given that our QE has lead to nil inflation. As it stands, we do pay tangible, significant interest on our debt.
I keep noticing him too. Looks like Keith Lemon in a shit disguise!
(Pic pinched from Twitter)
"We're going to have mild spending increases that reduce the deficit."
Oh. Okay, then, Nicola. That makes sense.
Just say fuck it, the deficit is not the most important thing right now. I don't see why that's so hard.
I believe what she was reaching for was the idea that that slightly increased spend would stimulate growth. Essentially a fair proportion of the UK's growth the last few years is due to Osborne reducing the rate of cuts. His original plan turned growth into stagnation.
Please sort out this voting system before I die.
This is actually a really ugly debate; I'm not sure anyone is coming out well.
It's scary, because it means these people don't even know if they're being taxed correctly when they read their payslip.EDIT: fuck, how can so many people not realize you only get taxed on the amount you make over the threshold
The media are basically giving it to Murphy. Not really sure how he has the warmth and charm of creeping death and he's not answered a single question with anything vaguely connected to the question asked.
I'm not Conservative in the slightest (I know, the shock!), but I'm actually giving it to Ruth. She's come out with passion and fought for it. Murphy is doing a Cyberman impression and Nicola is just coming across as a bit arrogant.
You'd have to have the increased spending stimulate growth by so much that the taxation you got from the increased growth was greater than the amount you increased spending by, otherwise (by definition) the deficit isn't actually decreasing. This is very implausible. This isn't a problem I have specifically with Nicola/the SNP, by the way; I get annoyed when pretty much any left-wing politician doesn't just say "fuck it, the deficit can be repaid when everyone is in a state where they can do so. Right now, we're suffering", and tries to pretend the deficit is their main concern instead. Every time they keep the pretense up, the idea that the deficit is all important gets ever more ingrained in peoples' minds and just makes it harder for proper economic conduct to be carried out.
Absolute waste of time and effort. Bad questions, bad moderator, bad audience and zombies at the podiums.
They are trying to avoid spooking the markets and creating an interest rate rise which would be a real shit sandwich at this point.
Markets don't give a shit, UK debt is safe as bricks.
Glad you aren't in government. I'm guessing you weren't alive when we had double digit inflation and interest rates?
Not fun.
This "for millionaires" tagline is getting bloody irritating.
Cut taxes? It's a tax cut FOR MILLIONAIRES.
Removes prescription charges? It's free prescriptions FOR MILLIONAIRES.
Free bus passes? That's free transport FOR MILLIONAIRES ... oh wait, wasn't that a Labour thing ... it must be free transport FOR THE NEEDY OLD PEOPLE.
The last time that happened was under the Major administration when he tried to peg us to the ERM, and the time before that was under Thatcher when she tried using a constant base money monetary policy, and the time before that was because OPEC increased oil prices. It has had literally 0 to do with our bond yields on any of those three occasions.
Ok, boom and bust has been solved!
Again....
Do you have any idea what you are even talking about? I am a graduate economist from the University of Oxford, having studied macroeconomics. One of my lecturers is Professor Simon Wren-Lewis. Another is Professor David Vines. Right now I am buried up to my neck in books with titles like Internal Consistency, Nominal Inertia and the Microfoundation of Macroeconomics. This obviously does not mean I'm right on any given topic, but it does mean that my views have been formulated as the result of a fairly rigorous and critical system. I make absolutely no pretense to be infallible and am therefore willing to discuss critical arguments at your leisure, but you don't have anything that stands up to more than most cursory of glances and seems to be established on the basis of what you learnt from the school of It's Common Sense, Innit and your graduation at What Some Bloke At The Pub Told Me.
Glad you aren't in government. I'm guessing you weren't alive when we had double digit inflation and interest rates?
Not fun.
Having our own money printers will not get us out of every hole. The credit agencies were issuing warnings on UK bonds only a few years ago. We came close.
What the fuck did you just fucking say about me, you little bitch?
The coalition charged over 4% more than labour on average over the time they were both in power.
Has anyone asked the tards at Labour why they only decided to whack the tax up to punitive levels months before an election they knew they would lose?
Any thoughts from the smarter people about Labour's plans to scrap non-dom status?
Any thoughts from the smarter people about Labour's plans to scrap non-dom status?
Best election news so far. Drop the Dead Donkey writers are doing a five-part, 'real-time' election comedy: http://www.theguardian.com/media/2015/apr/08/channel-4-ben-miller-ballot-monkeys
Yesssssss.
Do you have any idea what you are even talking about? I am a graduate economist from the University of Oxford, having studied macroeconomics. One of my lecturers is Professor Simon Wren-Lewis. Another is Professor David Vines. Right now I am buried up to my neck in books with titles like Internal Consistency, Nominal Inertia and the Microfoundation of Macroeconomics. This obviously does not mean I'm right on any given topic, but it does mean that my views have been formulated as the result of a fairly rigorous and critical system. I make absolutely no pretense to be infallible and am therefore willing to discuss critical arguments at your leisure, but you don't have anything that stands up to more than most cursory of glances and seems to be established on the basis of what you learnt from the school of It's Common Sense, Innit and your graduation at What Some Bloke At The Pub Told Me.
My post says absolutely nothing about solving boom and bust. It is simply pointing out that the UK's bond rate has very low covariance with the amount of UK government debt issued - some, but not much. This isn't even a statement of theory. It is a statement of fact. It is relatively easy to examine by looking at bond data from the last five decades and growth in UK debt over the same time period. If you wish to make a serious argument on that grounds, please do so. I enjoy having these conversations with Cyclops because even when we disagree, his arguments always directly address mine and are always well-thought and well-formulated. The basic grounds for having an informative and discursive argument is that people actually respond to the points that others have made, and don't simply repeat preset phrases that provide absolutely no elucidation whatsoever. Your last comment falls squarely into the latter category, unfortunately.
Duncan Bannatyne (one of the Bastards from Bastard's Den) is apparently so happy with the idea that he's going to vote Labour after all, despite signing that pro Tory letter in the Telegraph last week.