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Re: Pressure in Britain builds on Theresa May to step aside as her top aides resign, her party plots her possible ouster

By: Cactus Flower in ALEA | Recommend this post (0)
Sun, 11 Jun 17 10:35 PM | 62 view(s)
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Msg. 22143 of 54959
(This msg. is a reply to 22141 by clo)

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I call it jellyfish economics. An economy pulsates to generate propulsion.

People say you are inconsistent if your economics is circumstantial but in fact you are saying different tools work depending on the conditions. For instance, if inflation is high, you want to bring it down and if it is very low, you want to raise it a little towards the sweet spot (perhaps between 2.5 and 5% for an advanced economy, definitely not zero).

It's just like if you have an engine with too little oil then you want to add some; and if you have too much oil you want to drain some of it. But if you stick to the dull ideological models, you'd be removing oil even when you are short of it and adding it when you have too much. And labelling anyone who suggested otherwise a sell-out. But whose engine runs properly?

I will research RD also. She has done an incredible job in Scotland which has consistently hated the Conservative party for more than 30 years.

The funny thing is that the US Democratic party is in some ways to the right of the British Conservative party. But few British conservatives understand this. eg Britain has an established nationwide healthcare model and no party dares challenge this fact head-on.




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Re: Pressure in Britain builds on Theresa May to step aside as her top aides resign, her party plots her possible ouster
By: clo
in ALEA
Sun, 11 Jun 17 10:12 PM
Msg. 22141 of 54959

Hi Cactus Flower,

listening to NPR overtime, they have explained the difference with liberals vs conservatives in England.

I'm sort of like you wrt government spending & then easing off.
One of Obama's problems, he cut back on government employees early on, thus the unemployment numbers were affected.

I'll need to check Ruth Davidson out & listen for mention of her on NPR.

Bernie was big on slamming the US too & he honeymooned in the Soviet Union in 1988. ;))


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