Current Affairs EU In or Out

[orly]

I've got a PDF version of Caplan's book, where much of these are explained in much better detail than I could do justice to. It's designed as a graphic novel, which makes it an easier read than most economics books, without suffering in terms of rigour. Happy to share it if you pm me your email.

GROOMING

 

[peteblue]

I've got a PDF version of Caplan's book, where much of these are explained in much better detail than I could do justice to. It's designed as a graphic novel, which makes it an easier read than most economics books, without suffering in terms of rigour. Happy to share it if you pm me your email.

That puts you as a member of the elite......

 

[Paul Rideout]

I don't have figures, but instinctively I don't know why anyone would uproot themselves, especially from a relatively stable homeland (ie discounting warzones) to go somewhere where you have no home or job lined up. Instinctively that makes no sense at all.

But your instinct is based on someone who lives in a relatively prosperous nation.

I like the vision you have/want for the world. I’m actually on board with it. But I just don’t think it’s achievable in the current world we live in. I think it will take a cataclysmic event for us as a planet to even look towards setting things up right (I fully accept that Brexit isn’t the immediately progressive sociological path, but I do truly believe that the EU doesn’t work for a plethora of reasons.)

 

[Bruce Wayne]

But your instinct is based on someone who lives in a relatively prosperous nation.

I like the vision you have/want for the world. I’m actually on board with it. But I just don’t think it’s achievable in the current world we live in. I think it will take a cataclysmic event for us as a planet to even look towards setting things up right (I fully accept that Brexit isn’t the immediately progressive sociological path, but I do truly believe that the EU doesn’t work for a plethora of reasons.)

For sure, I don't believe it will happen in my lifetime, and indeed, as I've mentioned before, the 'nationalism' leg of Rodrik's trifecta is experiencing a resurgence of late. I'm just not sure that's a good thing at all.

 

[Paul Rideout]

As an Economics graduate I would be interested to hear that you would be a proponent of Austerity.

My (laymans) understanding of it was that most Economists, including the IMF had decided that it fundamentally doesn’t work.

Please bear in mind I’ve not picked up a text book on macroeconomics for 10 years.

Tbh I believe in modelling called real business cycles, it works on the premise that economies go through boom and bust, and rather than trying to prevent the bust or increase the boom you look to lessen both in order to have a smoother upwards trend.

Given that there was excessive spending by new labour (including selling gold at a stupidly low price), we found ourselves in a period of excessive ‘bust’.

The IMF, IMO use dated modelling - and we can see this through the premise that most macro models show austerity policies generally increase unemployment as government spending falls. Now using the real world - Has unemployment grown?

I’d say no.

 

[I Miss Chang]

Oh I studied macroeconomics as part of my MSc Economics... tell me why austerity after a period of unsolicited spending and poor fiscal decisions is a bad idea. Are you a follower of classic models such as Keynesian or more modern models like real business cycle modelling?

You can be technical, or not. I’m ok with either.

Keynes, mostly.

As an Economics graduate I would be interested to hear that you would be a proponent of Austerity.

My (laymans) understanding of it was that most Economists, including the IMF had decided that it fundamentally doesn’t work.

Hear hear... I agree, the onus to explain falls on he whose ideas have caused the slowest recovery since the wars against Napoleon.

 

[Paul Rideout]

Keynes, mostly.



Hear hear... I agree, the onus to explain falls on he whose ideas have caused the slowest recovery since the wars against Napoleon.

Keynes?? Not the augmented Keynesian model, but the Keynesian models. Quite a dated model, even the BoE uses the augmented modelling system.

See previous post for explanation.

 

[edge]

I've got a PDF version of Caplan's book, where much of these are explained in much better detail than I could do justice to. It's designed as a graphic novel, which makes it an easier read than most economics books, without suffering in terms of rigour. Happy to share it if you pm me your email.

will do mate always happy to learn

 

[peteblue]

Oh I studied macroeconomics as part of my MSc Economics... tell me why austerity after a period of unsolicited spending and poor fiscal decisions is a bad idea. Are you a follower of classic models such as Keynesian or more modern models like real business cycle modelling?

You can be technical, or not. I’m ok with either.

As an Economics graduate I would be interested to hear that you would be a proponent of Austerity.

My (laymans) understanding of it was that most Economists, including the IMF had decided that it fundamentally doesn’t work.

Keynes, mostly.
Hear hear... I agree, the onus to explain falls on he whose ideas have caused the slowest recovery since the wars against Napoleon.

Like I’ve said before, you’ll never get three economists to agree about anything......

 

[peteblue]

will do mate always happy to learn

It’s a trap, he’s going to sign you up to the LibDem party........

 

[edge]

It’s a trap, he’s going to sign you up to the LibDem party........

i would sooner let you sign me up to the tories pete than that

 

[Kiwi]

I Can’t see freedom of movement as a benefit, actually I see it as a racist policy that prefers white Christian immigration over non Eu immigration.

I have a family friend who has relatives who are pretty highly skilled, because they’re not from Romania but from Africa they’ve been rejected to come into the Uk, because of some arbitrary quotas and rules.

Access to the single market isn’t a benefit either, it’s a restriction of trade.

I too wear traditional Ghanaian robes on bank holidays

 

[micknick]

Peteblue I bet you are Brexit means Brexit arent you?

 

[peteblue]

i would sooner let you sign me up to the tories pete than that

No probs, send me your email address and £30 in used fivers......

 

[dwightschrute]

As an Economics graduate I would be interested to hear that you would be a proponent of Austerity.

My (laymans) understanding of it was that most Economists, including the IMF had decided that it fundamentally doesn’t work.

Mark Blyth (who predicted the 2008 CDO meltdown and global recession) has a great book called Austerity: The History of a Dangerous Idea.

Austerity was the absolute worst response the tories could have done, caused us to recover slower than most of the EU (not to mention the deaths, household debt and homelessness it brings)