UK economy's fall into recession deeper than expected

Aristaios · 2012-05-25T10:34:12.550747+00:00

Those are the % of GDP numbers.

So since Swedish public spending (the nominal numbers) are much smaller than UK public spending, your argument is that Sweden is a libertarian paradise. You're REALLY full of shit.

Aristaios · 2012-05-25T08:58:23.493234+00:00

A quick look at the data shows that you're full of shit. http://imgur.com/XgzxZ

Aristaios · 2012-05-25T08:50:35.044018+00:00

As long as nobody questions the economic policies of the Tories, that will scare the fairies away. Dissenting opinions is the only thing that can stop a recovery now!

MrSaturn · 1 day

That wasn't weird - that was spot on.

MrSaturn · 1 day

Sapp vs. Nogueira was epic. (video)

MrSaturn · 1 day

Read the rest of the blog - it's equally well written and interesting.

MrSaturn · 1 day

I don't mind the grammar - I actually really like his writing style. The reason he needs an editor is that he spends too much time getting to the point. After he gets going the article is great.

jonsyr · 3 days

he never ceases to disappoint.

I think you accidentally that sentence.

ciscoiv · 4 days

For fucks sake. He is getting paid well and organizations are paying him because they know that he brings attention and some "star power" to their shows. The fact that he is able to keep doing what he does shows that he is anything but an idiot. Maybe he's not an MMA fighter, but he's NOT an idiot.

ciscoiv · 4 days

No he's not. If he got himself hurt for no money then he would be an idiot.

aridon_01 · 4 days

Letters to the Times, April 1949:

Sir,

Your recent report that a rackets player ‘literally blasted his opponents out of the court’ suggests that gamesmanship is becoming less subtle. Is not the use of dynamite as out of place in a first-class match as, for instance, the word ‘literally’ in a metaphor?

Yours truly,

B.W.M. Young

ReligiousFreedomDude · 4 days

They obviously need to expire if the budget is to be balanced ever, but letting them expire now (cet. par.) would be bad for the economy.

MBSquared · 5 days

Complete with broken hand!

ReligiousFreedomDude · 5 days

'Military Keynesianism' is a technical term

From Wikipedia:

"Military Keynesianism is the accusation that John Maynard Keynes advocated government economic policy in which the government devotes large amounts of spending to the military in an effort to increase economic growth"

Seems like 'Military Keynesianism' has very little to do with Keynes, and everything to do with GOP hypocrisy (as you point out in your original comment)

ReligiousFreedomDude · 5 days

? I've read quite a few of the comments here and have not seen any Keynesians advocation raising taxes (cet. par.) in a recession. If they did, then they would by definition not be Keynesians. Do you have a link, or did you just hallucinate your own prejudices?

ReligiousFreedomDude · 5 days

military keynesianism

You don't seem to know what Keynesianism is. Government spending isn't Keynesianism. Spending more when aggregate demand is low and spending less when aggregate demand is high is Keynesianism.

Also: without "morality" micromanagement at the federal level in 1964 blacks would still be sitting in the back of the bus in the south.

spaceXcadet · 9 days

It's not voodoo! It's witchcraft.

Leischa · 10 days

More like MERKELTILISM. Amirite!?!

/I'll show myself out..

kalhan · 10 days

Just because we can't stop all thiefs doesn't mean we should give up.

kalhan · 11 days

he most certainly does not have a good track record with economic prediction

Why do you say that? Seems to me he has predicted everything correctly about the crisis both in the US and in Europe.

Edit: And the FT agrees today.

kalhan · 11 days

As we saw when he "debated" Ron Paul recently he performs badly when the opponent can lie and come with half truths and there is no way to back up what you say with facts like there is in an article or blog. Krugman works with facts not rhetoric, politicians need to do the opposite.

kalhan · 11 days

I think that just looking at the GDP numbers can be a bit misleading: Median household income was lower in 2007 (before the crash) than in 2000, and both the poverty rate and the percentage of Americans without health insurance was higher. Employment growth was also bad compared to any other period after 1945. With the Fed's double mandate there was a very good argument to keep the rates low.

kalhan · 11 days

Have you ever seen him on TV or in a debate? He just isn't suited for that medium. Running for office is the LAST thing he should do (and he knows it)

Edit: The deleted parent suggested that Paul Krugman really intends to become a politician.

kalhan · 11 days

Yes really, going back a few pages all your posts in here are partisan and none of your arguments are based on economics beyond regurgitating what you have read on Krugman's blog.

Reading your previous comments I can say that you certainly bring a quality to this subreddit that my comments don't.

(protip: just because someone doesn't agree with you doesn't mean they are an evil right winger repugnican).

There is just too much crazy on this subreddit to be polite.

If you disagree with the idea of rolling back recent reforms why? Do you have a sound argument to make for this regulation being necessary? Can you support the idea that it will result in greater safety for the market?

As I understand Dodd-Frank (while obviously not perfect) it will lead to a safer and more stable financial sector, whereas repealing it will bring us back where we were before 2008 (Romney does talk about "more intelligent regulations" replacing it, but it all seems very wishy-washy to me).

kthanx

TROPHY CASE

kthanx

TROPHY CASE

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