Keynesian theory really

Although Keynes did suggest government running surpluses during good times, then spending during bad times.

The private sector in the UK seems unwilling to invest at the moment. You just don't want to end up like Japan, trying large amounts of government stimuli with the result being depression.

I think the problem we have at the moment is, on top of all the other problems due to the recession, people are not spending. In some part due to the excess of borrowing which went on during the last 10 years.

Posted By: phrankin on April 25th 2012 at 11:17:31

Message Thread

UK is back in recession (n/m) (NCFC) - Larry Hagman, Apr 25, 10:33:42
- The UK government should look at the success of Obama's stimulus package (NCFC) - phrankin, Apr 25, 11:07:04
  - I think......... (NCFC) - Larry Hagman, Apr 25, 11:56:32
    - The more we spend today the poorer we will all be tomorrow (n/m) (NCFC) - Ben, Apr 25, 12:49:01
      - That's not how it works - the government isn't a person or business (NCFC) - BerlinCanary, Apr 25, 13:27:24
        
        To many decisions people/governments make are based on short term goals (NCFC) - Ben, Apr 25, 17:04:36
      - Precisely... (NCFC) - POA, Apr 25, 12:55:22
    - I think the public sector was bloated and needed cutting. (n/m) (NCFC) - phrankin, Apr 25, 12:25:22
  - ROFL !!! Yeah right (NCFC) - John in Texas, Apr 25, 11:13:11
    - You could shoot him (n/m) (NCFC) - CB41, Apr 25, 12:08:48
    - YEE-HAW!!! (n/m) (NCFC) - Bairy Hallsack, Apr 25, 11:19:46
      - Hell YES ! (n/m) (NCFC) - John in Texas, Apr 25, 11:41:37
    - makes me laugh when the opponents say the US would be in a better way without it (NCFC) - phrankin, Apr 25, 11:19:36
      - and buying your way out of debt is the correct option. (NCFC) - John in Texas, Apr 25, 11:41:13
        
        but cutbacks in the UK are just resulting in stagnation at the moment (NCFC) - phrankin, Apr 25, 11:46:19
        
        Public sector spending in the UK continues to rise... (n/m) (NCFC) - POA, Apr 25, 12:48:55
  - Sounds a bit socialist... (n/m) (NCFC) - BerlinCanary, Apr 25, 11:11:10
    - Keynesian theory really (NCFC) - phrankin, Apr 25, 11:17:31
      - Yes, I know - basic economic theory (NCFC) - BerlinCanary, Apr 25, 11:30:03
        
        perhaps my opinion is based on impatience with the current strategy (NCFC) - phrankin, Apr 25, 11:48:45
        
        Yes, quite probably (NCFC) - BerlinCanary, Apr 25, 13:25:56

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