TAG | debt
Apr/10
9
Labour, the Economy and Bailing out the Banks
No comments · Posted by Mr Nice in Economic Ramblings, Politics
There is much talk by Labour about how they saved the economy from falling off a cliff. I have no doubt that if they hadn’t acted in the way they did then we would have suffered a much deeper recession.
However, the question that needs answering is whether it is right to steal from the poor [...]
Just a thought:
If people save their money instead of spending it, is it really so bad for the economy?
As long as they put their money in the bank and not keep it at home, they are making that money available to others through the banking system.
The more depositors money the banks have, the lower the [...]
debt · govt spending · tax