Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "is britain bankrupt?" video.

  1. Professor, do you ever read the American journal "Foreign Affairs?" One of my favourite economists, the ex-pat Scottish political Economist Mark Blyth wrote a very interesting article in April 2024, entitled "Don't Bet On A British Revival." In it he made some very interesting recommendations, that if our PM and Chancellor had seen, they might have found a way to avoid talking themselves into a corner. It's behind a paywall, but as you're an academic, your institution's library may have a subscription. It's really worth a read, as Blyth is an excellent communicator of complex ideas. I hope you take a look.
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  2. This comment proves you don't understand the Gold Standard, and why it's bad if you don't have any gold mines.
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  3. ​@paulwilson7234Yes, and had to run off it in 1931 pdq. Gave rise to the General Strike and real worries that the Communists were coming.
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  4. No; we keep on breeding more millionaires, so we can't be bankrupt.
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  5. Don't be silly. You've never even seen what you think a third country is like. Yes, Britain could get there, but only if it persuade itself to do the wrong things. Like forget that even when the empire was at height, the extent of poverty undermined British power extension through war. Diseases of deprivation meant few were fit to fight. So...let's not go back there. Even though our children are growing as tall as before, and diseases of deprivation are being found more and more. We can stop this if we focus on doing so.
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  6. How's the smeg?
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  7. Please do read some British economic history. It will teach you far better than reading some silly newspaper. Deficits are breathing spaces so that government doesn't have to raid your bank account when it needs money. It's not a mortgage, it's an overdraft. And not that big. What matters is Debt to GDP ratio, the commonsense of your lenders, and the ability for your economy to grow. We can't take anything for granted, but neither should be pursue policies that destroy our capacity to grow the economy. Which, most developed countries are worrying about, because what they persuaded themselves was true wasn't. You can't get growth out of a consumption-dependent economy if the income and wealth of your consumers is shrinking in real terms. But those who have been benefitting from this regrettable assumption still believe that they can persuade heavily indebted and skint consumers to spend more by borrowing more. Why? Because the loons who own the debt want more debt to make their wealth grow... Madness! But until they own upto their mistake, we have the shambles of a government unwilling to slap some sense into these fools. The government is under the illusion that everyone wants them to succeed. Not true. "Chaos is a ladder," and when the people who want to replace you are the ones holding it, you're not going to get a helping hand. And it's terribly naive to believe otherwise. Just understanding how power and finance are intertwined in Britain, makes things so much clearer. But unfortunately, the First Lord of the Treasury and the Chancellor of the Exchequer are in the dark, and voluntarily so. There are conversations to be had between government and the interested parties. Negotiations if you will, and perhaps those need to begin. After all, our fat cat lenders don't want a bankrupted borrower who might have to stop paying things like the £221.37 billion by 2033, in interest to banks for just parking their reserves at the Bank of England would they? So, there's room to negotiate, and call off the client media dogs too.
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  8. Do you have a citation for that? Don't send me to anything but vetted sources please. And do remember, that a lot of British people are economically inactive for good reasons, like caring duties, disability, and illness, so let's at least stay grounded in the facts, shall we?
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  9. An article on twitter gives you the UK score in the Euro vision Song Contest for credibility. Yes, one might use newspaper for toilet paper, but don't be surprised if you get ink on your bum.
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