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Old 12-05-2020, 13:50   #3241
jfman
Architect of Ideas
 
Join Date: Dec 2004
Posts: 11,146
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Re: Coronavirus

Quote:
Originally Posted by spiderplant View Post
Yes I realised that after I'd posted but too late to correct my post. Apologies.

As I was taught at a very young age, having a calculator is all well and good, but you have to understand what you're doing with it
No worries I thought I'd made a glaring error that I'd missed.

---------- Post added at 13:50 ---------- Previous post was at 13:47 ----------

Quote:
Originally Posted by OLD BOY View Post
It was to rebuild the economy so we had the money to help your 'common people'. Money doesn't grow on trees, unless you have a garden like Mr Corbyn's.

Yes, that's what Mr Corbyn thinks. Good luck with that approach.
Money can be found, it always is to bail out big businesses. Money does not grow on trees but it's introduced by central banks. Increasing money supply doesn't make anyone Venezuela nor does it always increase inflation during economic downturns.

As I've said before your household budget based analysis is fundamentally flawed at macroeconomic level. The USA has frequently spent it's way out of recession. That doesn't, and never has, made them socialist by any definition going.
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