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KingGTF

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About KingGTF

  • Rank
    First Team
  • Birthday 12/04/96

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    Male
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    London

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  1. Got what we deserved for that first half, it was pathetic. Just go for it ffs. Also only Maguire sprinting back for the third was criminal, Ndidi in particular should be embarrassed.
  2. Is Shakespeare the right man for the job?

    There needs a shake up all the way through the club. Things have gone too stale, complacency seems to have set in, some incompetence, and ultimately we're not moving forwards. That first half sums things up for the whole club rn.
  3. Liverpool (H) Match Thread

    Maguire was 2 yards offside ffs
  4. Liverpool (H) Match Thread

    Can we get a proper manager please
  5. Liverpool (H) Match Thread

    This is shit. We've been pathetic since the international break.
  6. Premier League, 2017-2018 Season Thread

    11 goals in last 5 away games for Kane now
  7. Politics Thread (encompassing Brexit) - 21 June 2017 onwards

    I mean you like to call it neoliberal economics (as if its something new rather than a rebranding) and put a timeframe on it for a reason I'm not entirely sure of. But it's principles come largely from a well-known book from 1776. Or you can look further back to the French in the late 1600s for more of its roots. In fact, high government spending is actually the recent phenomenon. Prior to WW1 it was rarely above 15% of GDP. However I wasn't aware time created literacy. Does that mean Keynes' theories were illiterate until a certain point. Marx the same? (Don't answer that, no amount of time will help that school of thought). 'A stimulus will only stimulate a deficit' proved to be quite true in the end. If you stimulate with balanced books, you de-stimulate elsewhere. Look at the 70s for a better example, it's no wonder Keynes was thrown out. Actually though, Keynes would have favoured fiscal policy of the last couple of years. In normal times, at trend growth, government should cut the deficit. Exactly what happened between 2013 and 2016. Anyway, you seem to think it is more important to talk about the debt-gdp ratio so if we do that about government spending, it has remained about flat. Your terms, not mine. 'You'll also know' government borrowing crowds out private investment. And do we need to go over the parable of the broken window? I don't see that the Conservatives have ever likened monetary policy to household income. Given that monetary policy could not be compared to household finances and is (largely) out of government hands, I will presume you mean government debt and the household fallacy that you love. Except it isn't a fallacy. Just like a household, government can only borrow if creditors continue to supply credit and believe the government will have enough future income to meet its debt obligations. It's the income constraint and absolutely no different to any normal household. Now of course, a government can increase its income as any household can. But as is similar to any household, its income increase is not unconstrained. Government's source of income is tax (confiscation of private individuals' income) and high taxes reduce the output that can be taxed and therefore decrease overall tax take. Some (fools) might argue well government can just print money. A)not true because the BoE is independent of government and B)if creditors thought government didn't have the tax income to meet obligations and would only receive fresh money, they would hike up interest rates and we'd end up in an inflationary spiral. The point is, government has an income constraint just the same as households do.
  8. Politics Thread (encompassing Brexit) - 21 June 2017 onwards

    This was an outstanding post for a drunk man at 3am.
  9. Politics Thread (encompassing Brexit) - 21 June 2017 onwards

    Ahh yes Moody's - let us remember the ratings agencies and the securities they gave top ratings to which ended up not being worth the paper they were written on and then the resulting financial crash. Funnily enough, sterling has hit it's lowest net short position for 2 years so the markets obviously don't seem to mind. The decision seems to be on the back of the fact they were hoping for a Norwegian-style agreement and fair enough that hasn't materialised so they've gone down a notch. But let us also note the heavy reference to the government yielding to pressure to loosen the purse strings. I dare say many who will be crowing at this bit of news will also be the folk that voted for economic illiteracy/further credit downgrades just over 3 months ago.
  10. Politics Thread (encompassing Brexit) - 21 June 2017 onwards

    Thought May done alright
  11. Sports quiz

    I just completed this quiz. My Score 40/100 My Time 63 seconds  
  12. http://news.sky.com/story/transport-for-london-will-not-renew-ubers-licence-11047580 TfL can do one
  13. President Trump & the USA

    Do they export covfefe?
  14. Politics Thread (encompassing Brexit) - 21 June 2017 onwards

    It would also suggest that consumer spending is in fact holding up and you'd therefore expect GDP figures for Q3 to be alright. I suspect we'll still get the 'we haven't left yet' rhetoric from the remainders watching their predictions crumble further, or maybe something new like 'well interest rates will rise soon'. Edit: thinking about it, it's all the more impressive because I imagine interest repayments have increased because of inflation too.
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