Other Margaret Thatcher Dies

Well it depends on who is setting the policy, what their agenda might be, & if they have any kind of scientific background.

But, lets be clear, the people getting rich from economies are doings so using numbers.

Can you clearly state which processes within an economy are not quantifiable/measurable?

 

Now you're grasping at straws. No, you didn't use the term "prediction" explicitly, but your doctor analogy infers an intended outcome.

It's called the shadow economy. Examples include, but are not limited to, tax evasion, illegal goods, the secondhand market, and unreported employment. You may think that wouldn't account for much, but my list of examples aren't exhaustive - Taxing the shadow economy would clear the deficit.

 

You claimed something I said was wrong, I merely pointed out that I never said it, that is not grasping at straws.
Lets dispense with empty sound bites and stick to the facts.

Not only did I not use the term "prediction" I did not even hint at any kind of future economic event whatsoever, you made that up all by yourself.

yes, policy/treatment based on analysis of available data ..what has this to do with prediction?
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There are figures for tax evasion. For those paying attention they have been published many times in the media particularly in articles relating to austerity measures.

Numerical estimates are also available for this, although I'm not sure why this variable is important in the context of economic policy making?

Numerical estimates are also available for this, although I'm not sure why this variable is important in the context of economic policy making?

This can easily be extrapolated using population statistics, voters role, tax system, benefits system etc ..in fact this is exactly how they tracked down the Higgs boson, to find an unknown or hidden quantity you can simply remove everything else then what reamins is what your looking for.

although I'm not sure why this variable is important in the context of economic policy making?

...you say it's unquantifiable, then claim it's greater than a given quantity. You better wrap up that foot before you bleed to death.

 

Chortle.

argggghhhh....

Since your being honest, allow me my assumption.

Let me guess, You had the gaul to protest in favour of Comerade Scargill and then 10 years later jump on the global warming and clean energy bandwagon, Calling for the abolition of Coal fired power stations? Whoopsy.

Chaining yourself to nuclear sites with CND eh!, Shouldn't you be somewhere around the 38th parallel in SE Asia with your "ban the bomb" signs? Whoops.
What's wrong, You scared of the DPRK?

I imagine there are plenty of "disabled" people who are worth "campaigning" for, Like the ones I used to know in the likes of the ultra left wing UAF, You might hang out with some of them?
Although they may have been mentally challenged and on class A drugs, Their cases for being disabled is laughable.
Go on, admit it , Your only against the disability screening process and couldn't give a **** about genuine disabled cases?
If Labour bureaucrats (who you might know) hadn't made the disability system so easy to screw over, The true disabled wouldn't have to put up with the hassle today would they. Whoops on that one too.

If these lefty "against the world" types spent more visible effort on earning a living, paying taxes and contributing to the economy rather than painting the next slogan on a placard and getting in people's faces then maybe people would make the time to listen to them.
Nothing more than lazy, selfish scum who have never worked an honest day in their life and never contributed to anything other than their political ideals.
I've known plenty and 90% of them were and still are the same.

The six rules for expressing Communism and Left wing Socialism:

1. Be hypocritical in actions and words.
2. Don't let the facts get in the way of an argument.
3. Exploit the Liberal nature of law abiding subjects to your advantage.
4. Bring everyone else down to your level, Including that of personal wealth and ability to work hard.
5. Never admit to being wrong, Never talk about negative left wing history.
6. Resort to selfish public disorder and damage public/private property when you lose at ANYTHING or run out of someone else's money.

I love it how Leftie's always resort to selfish public disorder when they are on a back foot or are in celebration of an imaginary victory. I equally abhor the similar behavior of the ultra right types like the EDL, Who I could write an equally lengthy rant about.
Speaks leaps and bounds about their character and explains why they never manage to change anything apart from attempting to bring everyone down to their level at the expense of others, Hence pissing everyone off.

If things kick off next week, I look forward to watching these lefty shite disturbers lawfully getting their heads kicked in by riot police and off duty personnel.
I'm that confident they are going to screw it up, again.

Fixed that, Next time don't assume anyone here who doesn't appear to support the "Left" is a TOFF, twerp.

 

Classy. I expected as much based off your previous posts.

I don't work in the UK. Nor do I work in a field related to economic policy. So I can't give you examples.

My field is more along the lines of Cyber Security Policy.
(Here's where you quote me and say that I have no input because Cyber Security doesn't relate to Economics.)

And, this is where I exit the conversation and write you off. Cheers.

 

Steps back out of thread...

Wtf just happened?

 

PMSL.....http://www.thedailymash.co.uk/news/society/thatcher-tribute-cuts-unveiled-2013041065271

 

Brilliant, I'll grow a tash, wear a long black coat, batter me wife, walk around building sites draggin' me kids with me shouting to every worker "Giz a Job" and if they don't I'll just But them with me forehead

 

1. Be hypocritical in actions and words. (same in the right)
2. Don't let the facts get in the way of an argument. (same in the right ie austerity)
3. Exploit the conservative nature of law abiding subjects to your advantage. (ie dissolution of public services, removal of rights for example employment rights and destruction of the social safety net through complete lies and misapprehensions)
4. Create huge inequalities that are dubiously earned. (and lead to increases in pretty much every social problem society suffers from, look at Scandinavian countries who are far more equal and have good work ethic and good social outcomes) (and on hard work life has a lot to do with luck as well, don't you know, in our incredibly socially immobile society.)
5. Never admit to being wrong, Never talk about negative right wing history.
6. Resort to selfish public disorder and damage public/private property when you lose at ANYTHING or run out of someone else's money. (as if the right has never done that).


When you say back foot sometimes that is a complete erosion of their standard of living and a fear for the future with no power to stop it. Not that I condone riots it's just when you see taxes go to welfare you lose a few quid, that is being on the back foot. Not the same as when someone who is working poor, disabled or unemployed loses benefit and doesn't eat, doesn't heat or doesn't have a roof over their heads. It is not simply being on the back foot.

It's basically Maslow's hierarchy of needs in which to progress on in life you need to feel some security and safety.

To not understand the difference is madness. Lets get the whole inputs and outputs thing out the way as the provision of goods and services is basically what all economics is about. But just because an apple is based on the same basic compounds of life as a human being doesn't make them the same thing.

In the economy of a household, if a household cuts their spending then they spend less, if they cut borrowing they borrow less, if they cut debt they have less debt and if they save more they have more savings. Very simple.

In the macro economy your spending is my income and my spending is your income. If everyone is cutting spending at the same time then everyone has less income. Basically the circular flow of income has little play in household finance. Or the multiplier effect much the same. It's like gravity in quantum mechanics.

In the economic situation we are in it is unwise to cut immediately as this will not reduce spending in the long term due to negative multiplier effects of cuts leading to reduced tax receipts and increased welfare spending. ie the whole reason why the deficit is slightly higher than last years (when all special factors are removed) deficit is because of this. This depression is an issue of demand, businesses have a lot in cash reserves but wont invest if there is no demand to invest in...

Anyway I digress, the point is the macro economy is very different from household finance to the extent in which phrases like "we can't get out of a debt crisis by spending more" or comparisons to credit cards are invalid. Like I've said some things got to give on this.

For god's sake I know what inflation is, I think we all do. But I think someone else replied to this better than I would have.

And why do you make policy.... in anticipation that it will create the results you desire. And creating something in anticipation is predicting...

Isn't that called an educated guess?

 

Didn't Steve McDonalds dad get killed off ages ago in corrie?

 

Whats you problem dude FYI I have genuine disabilities and AM NOT A BENEFIT SCROUNGER I RESENT YOUR NEGATIVE COMMENTS TOWARDS DISABLED PEOPLE while there are those who expoit the system claiming to be disabled that have no disability they are in a minority most claimants are genuinely disabled many have been mercillessly murdered by Mr Camerons policies Via ATOS. Oh and while Im at it if I didnt give a toss about disabled people of which I am disabled myself with many invisible disabilitites why is it I have created a facebook group and am in the process of creating a web site to raise awareness of invisible disabilities and also to give those with disabilities and thier carers a voice. Hard to explain to someone who has no clue. Or doesn't believe you. It's a daily struggle being in pain or feeling sick on the inside while you look fine on the outside. Please put this as your status for at least 1 hour if you or someone you know has an invisible illness (Pancreatitis, Crohn's, PTSD, Anxiety, Bipolar, Depression, Diabetes, LUPUS, Fibromyalgia, MS,Lupus, ME, Arthritis, Cancer, Heart Disease, Epilepsy, Autism,M.D. Evan Syndrome etc.) " Never judge what you don't understand. Just becuase you cannot see it does not mean it doesnt exist disability is noit always about being in a wheelchair there are other not so obvious genuine disabilities many of them can cause death so think before you comment TYNECIDER

You Need to wake up and smell the coffee dude and yes the EDL are far right racist scumbags the rise of right wing politics needs to be stopped dead in its tracks,and before you say it no I am not a member of any party or indeed a communist,(In fact I am strongly opposed to communism due to the human rights violations in many communist countries) I am mearly a concerned citizen of this planet concerned about the rise in far right politics and the fascism and racism asssociated with it, and also the dangers of weapons of mass destruction,100 billion is being spent on trident missiles that amount of cash would pay off the national debt with change to spare. Oh and Btw I am a memeber of the action commitee for an anti Fascist/Anti racism organisation we are affiliated to Unite Against Fascism

 

If your going to start the conversation with a put down ...then frankly the gloves are off.

It is possible to have a discussion without making any derogatory reference to the people in that discussion, keep it content driven ...give it a try.

 

Time for closure methinks. It's a shame that 50% if the time when a public personality dies the resulting thread on here descends in to mud slinging

 

To think there is a difference is a failure to understand basic economics.

You said inflation could not be measured which suggests you don't know what inflation is ...therefore I posted the definition.

yes, based on historical data ...not a wheel of fortune or randomly predicting the future like a fortune teller

No ...you keep trying to inject randomness into Economics to prove it cant ever be a scientific, but that is never going to fly.

Your basically saying, yes science can put robots on mars & traverse the quantum world with the large hardon collider, but science cant measure the heavily monitored & recorded production, distribution, and consumption of goods and services in a given country?

I think another definition is required, given the start of this post it's an interesting greek root don't you think?:
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)". Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth.

 

This thread needs to be closed its got to be way out of hand

 

What a surprise, a thread about Thatcher descends into an argument.

unshock !

 

That's what happens when ego takes over.

Time to bail out, this thread is dead.

 

aww diddums ..sense of humor failure?

 

Nope, just bored.