retired_nauticaperson

but it's ok, we'll be paying less tax when we're all earning £1.00 an hour for working for Nationalhyperglobalmeganet Healthcare Services :thup:

retired_princesspouty

Gibson??? I meant Godwin... a name I ought to remember really. Harold II's Dad >>>> Mel.

Test 187

I don't think simply interest rate control has a bearing over the entire economy. It's one blunt instrument that can be effective, and the BoE handled it well, but the Government have far more control than that over the economy via taxation, regulation and other policy.

And I would argue precisely your second point on the role of the BoE. Remember that the tories were rather divided about the whole thing... I saw something the other day about Lamont being all for it but the rest of them were generally against. </BLOCKQUOTE>

Monetary policy can affect the whole economy via a number of possible transmission mechanisms. There is a paper by Mishkin entitled "Introduction" in the Journal of Economic Perspectives that explains it better than I could, but it essentially says that montary policy can work via the interest rate, the exchange rate, other asset prices, bank lending and balance sheets.

There is a vast literature on whether fiscal or monetary policy is the more potent in controlling the economy. However, use of the IS-LM model can show that, in an economy with a floating exchange rate, fiscal policy is completely ineffective at affecting output, whereas monetary policy is fully effective.

Nonetheless, the above paragraph is taking an extreme view and other considerations (such as regulation etc, which are separate from fiscal policy) may affect economic performance. It is hard to measure the exact degree of this effect and as such is hard to decompose the overall performance of an economy into finding exactly what caused it.

As for the Tories being against it, I have no idea whether this was the case or not. Also note that I am not saying that the Tories would have done any better or worse than Brown, but it is not as if central bank independence was a radical thought even back then. Ken Rogoff had shown in the 1980s that an indepedent central bank was one way of alleviating the time inconsistency problem.

retired_kathydonatto

then you are a moron </BLOCKQUOTE>

typical tory bully boy. get it through your thick blue tinted "brain". I've seen what 18 years of conservatism has done to the uk and have no desire to see it again.

w@nker </BLOCKQUOTE>

you mean like revolutionise the economy??

small minded idiot who supports a political party in the same manner that most would support a football team, irrational hatred of the 'other' party based on nothing but small minded ignorance

retired_navy0614

Bit of a shambles complaining about how bad 18yrs of Conservative rule was and using that as a stick to beat them with when there are quite a few instances of shambolic Labour rule that provide just as big a stick.

DebSchiff

And you'd consider voting for Labour would you?

If I disagree with the very basic principles of conservatism, why would I ever consider voting for the Conservative party?

retired_lyriclemelodee

Your whole opinion on this issue is absolute ******** so wasn't sure where to start - this paragraph will do nicely.

Education - teachers on better pay, far better facilities and exam results have improved. SHAMBLES. Please bring me some FACTS that show me things have got worse over the last ten years - almost everything I've heard suggest most things have improved significantly.

Transport - not a huge fan, but worse than in the 80s? And a recent survey of travellers put London at No.1 for Transport...take from that what you will.

Police - Hasn't crime actually fallen? Don't let that get in the way of your hysteria though.

NHS getting worse - seriously, is that a joke? Please do look at some facts on waiting lists, operations, staff pay etc.

Sorry I didn’t put much effort into that - but nothing you’ve written makes me think it would be worth it. Oh and in case you wondering - I have actually heard the arguments “OMGZ bureaucracy” and “OMGZ gun crime” before, so if you want to change my mind please bring some NATIONAL statistics to the table. And no, I don’t believe everything the government ever says but I do put a degree of trust into education/health/crime figures.

retired_kathydonatto

because you talk as if the basic principles are static and unchanging, its silly talk - there is no point having debate and politics if you choose a side and just stick with it. its pathetic really.

retired_brittneyloveshim

he used to work in ****ing pr. what do you expect? `without a script` for ****`s sake . it`s one of the most laughable, pathetic, claims i have ever heard. how did the tories have a transcript of it on their website immediately afterwards? were hansard collectively employed on the sly?

the financial estimates (i take it you`re referring to the non-dom laws) weren`t `overenthusiasic`, they were just flat-out lies.

disassociation politics, eh?

negative tactics have always been used, they`re just more potent now. invoking stalin is faintly moronic. it`s fairly simple to explain why it`s more common now - the rush to the notional median voter means that parties don`t have any hopes to sell to the public because all they are doing is reacting to what they believe the public want at any given time. all they can do is say that they are effectively the best managers, the best to give the public what focus group x says the public wants. `stealth taxes` simply do not exist beyond the minds of the paranoid. they`re not stealth - people know they exist and people know they pay them. they`re by and large regressive and they fall disproportionately on people for whom politics effectively doesn`t matter any more. calling them stealth bizarrely gives them a respectability that they don`t deserve.

retired_kathydonatto

Your whole opinion on this issue is absolute ******** so wasn't sure where to start - this paragraph will do nicely.

Education - teachers on better pay, far better facilities and exam results have improved. SHAMBLES. Please bring me some FACTS that show me things have got worse over the last ten years - almost everything I've heard suggest most things have improved significantly.

Transport - not a huge fan, but worse than in the 80s? And a recent survey of travellers put London at No.1 for Transport...take from that what you will.

Police - Hasn't crime actually fallen? Don't let that get in the way of your hysteria though.

NHS getting worse - seriously, is that a joke? Please do look at some facts on waiting lists, operations, staff pay etc.

Sorry I didn’t put much effort into that - but nothing you’ve written makes me think it would be worth it. Oh and in case you wondering - I have actually heard the arguments “OMGZ bureaucracy” and “OMGZ gun crime” before, so if you want to change my mind please bring some NATIONAL statistics to the table. And no, I don’t believe everything the government ever says but I do put a degree of trust into education/health/crime figures. </BLOCKQUOTE>

for the amount of money that has been chucked at the above services nothing other than improvement could have been expected however given the amount spent it should have improved more tbh.

NHS is a monolithic symbol of a bygone era when treatment and dugs where cheap and affordable, nowadays in many cases the nhs cannot afford the best treatment for disease etc because they cannot afford it. It may have improved but we still lag behind many of our neighbours in terms of treatment for the most sevre diseases. I would much rather see a reduction in my tax bill and pay for my own health insurance.