Yes Leah, we need to keep trying to explain to ignorant Politicians a wee bit about how the economy works instead of the dribble they keep uttering.
Money is not wealth. money has no intrinsic value. In a market economy money can have "exchange" value. To make this simple for politicians, that means that money can be used to "exchange" valuable goods and services in the market, but it has no value itself.
What Keynes was saying was that if we have the means of production, that is labour and natural resources we can make wealth and just print the money to cover its exchange value.
If the present Labour potential Government do not understand this sinple concept they should look at how the Attlee Government dealt with public investment, economic growth, control of inflation, full employment, and more equality.
They should study that Government;s economic ploicy between 1945 and 1950 and they might,if they pay attention, become a lot less ignorant about economics and stop talking such rubbish.
Point taken. Within the devolution constraints, the SG has taken measures to mitigate Tory austerity. But you are correct that the SG appears to accept its subservient position by not taking our independence and ending the union. I guess we the People will have to do that and that will take some time....
Yes it will take time. Hopefully, however, as we get the Direct Democracy message out to the People, they’ll start listening. Hopefully again, before any Constitutional Conference. Thanks for the part you’re playing in the effort, Leah.
Yes Leah, we need to keep trying to explain to ignorant Politicians a wee bit about how the economy works instead of the dribble they keep uttering.
Money is not wealth. money has no intrinsic value. In a market economy money can have "exchange" value. To make this simple for politicians, that means that money can be used to "exchange" valuable goods and services in the market, but it has no value itself.
What Keynes was saying was that if we have the means of production, that is labour and natural resources we can make wealth and just print the money to cover its exchange value.
If the present Labour potential Government do not understand this sinple concept they should look at how the Attlee Government dealt with public investment, economic growth, control of inflation, full employment, and more equality.
They should study that Government;s economic ploicy between 1945 and 1950 and they might,if they pay attention, become a lot less ignorant about economics and stop talking such rubbish.
'Scotland has the political will to invest in its economy and people '
Not sure about that, with the present incumbents in Holyrood. Devolutionists, the lot of them.
Point taken. Within the devolution constraints, the SG has taken measures to mitigate Tory austerity. But you are correct that the SG appears to accept its subservient position by not taking our independence and ending the union. I guess we the People will have to do that and that will take some time....
Yes it will take time. Hopefully, however, as we get the Direct Democracy message out to the People, they’ll start listening. Hopefully again, before any Constitutional Conference. Thanks for the part you’re playing in the effort, Leah.