Thread: PM Boris forms a government
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Old 02-08-2019, 19:36   #1031
OLD BOY
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Re: [Update 2] PM Boris forms a government
Quote:
Originally Posted by ianch99 View Post
Not true. Investment, underwritten by borrowing, invariably applies to "assets" that do not "appreciate" as you put it. Investing to improve the NHS, for example, does not lead to an appreciating asset in the way you have alluded to.

The mistake is to transpose maxims applying to personal finance to the national macro-economic stage .
I think you need to think more deeply than this. For example, you say that investing in the NHS does not lead to an appreciating asset. Yet in believing that, you are completely ignoring the loss of productivity resulting from delays in treatment by the NHS and the decline in the nation's health resulting from delayed treatments and a lack of availability of appropriate remedial treatments. If you are relatively healthy and have not had to rely on their responses, you are likely to be completely ignorant of the problems patients face with its inefficiency.

I appreciate that many socialists don't like the comparisons between managing household budgets and the management of the national economy, but the same general principles apply.

---------- Post added at 19:36 ---------- Previous post was at 19:32 ----------

Quote:
Originally Posted by ianch99 View Post
They have not forgotten. They know *exactly* who they are responsible to ... and it is not the vast majority of people in this country.
On the contrary, MP's are responsible to their (whole) electorate.
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