Comments on: Some analysis http://clubtroppo.com.au/2008/10/02/some-analysis/ Sun, 12 Feb 2012 00:38:10 +0000 hourly 1 http://wordpress.org/?v=3.3 By: roger.migently http://clubtroppo.com.au/2008/10/02/some-analysis/#comment-322040 roger.migently Sun, 05 Oct 2008 09:09:20 +0000 http://clubtroppo.com.au/?p=5971#comment-322040 It was amusing to hear Rudd talk about its being time to "bite the bullet" before apparently going on to qualify it. In Sir Humphrey's terms it would have been "in the fullness of time", "after due consideration", "taking all other factors into account", "should conditions prove sufficiently favorable" and obviously after enough time has elapsed for it to filter to the bottom of the pile (or be lost in a flood or a fire). Or until just before the next election. Meanwhile they will apparently place the bullet in boiling water and wait until it becomes soft enough to chew. It was amusing to hear Rudd talk about its being time to “bite the bullet” before apparently going on to qualify it. In Sir Humphrey’s terms it would have been “in the fullness of time”, “after due consideration”, “taking all other factors into account”, “should conditions prove sufficiently favorable” and obviously after enough time has elapsed for it to filter to the bottom of the pile (or be lost in a flood or a fire). Or until just before the next election. Meanwhile they will apparently place the bullet in boiling water and wait until it becomes soft enough to chew.

]]> By: NPOV http://clubtroppo.com.au/2008/10/02/some-analysis/#comment-321430 NPOV Thu, 02 Oct 2008 21:29:41 +0000 http://clubtroppo.com.au/?p=5971#comment-321430 I'm curious about the idea that people who save money aren't stimulating the economy also: surely if you put your savings in a bank, that bank then has more capital with which to fund business loans that are needed to expand the economy's productive capacity? And indeed, given my admittedly hazy understanding of the rules of fractional reserve banking, several million dollars going into savings has the potential to generate several 10s of millions of dollars worth of business loans, does it not? I'm guessing what people mean by "stimulating the economy" is "ensuring consuming spending stays high enough to keep it afloat in the near term". I’m curious about the idea that people who save money aren’t stimulating the economy also: surely if you put your savings in a bank, that bank then has more capital with which to fund business loans that are needed to expand the economy’s productive capacity? And indeed, given my admittedly hazy understanding of the rules of fractional reserve banking, several million dollars going into savings has the potential to generate several 10s of millions of dollars worth of business loans, does it not?
I’m guessing what people mean by “stimulating the economy” is “ensuring consuming spending stays high enough to keep it afloat in the near term”.

]]> By: Patrick http://clubtroppo.com.au/2008/10/02/some-analysis/#comment-321422 Patrick Thu, 02 Oct 2008 21:08:25 +0000 http://clubtroppo.com.au/?p=5971#comment-321422 I'm not great on economics but I would have thought that paid maternity leave was considered stimulatory also, and thus would also magically become 'economically felicitious'? After all it should encourage job growth, to a degree, by adding some certainty around female candidates and eventual pregnancies. Also I can assure Pundit Grattan (brilliant moniker) that people having babies certainly spend a lot! I can also assure her that a lot of pensioners do save, but maybe that's a different question and maybe my samples are insufficiently representative. I’m not great on economics but I would have thought that paid maternity leave was considered stimulatory also, and thus would also magically become ‘economically felicitious’? After all it should encourage job growth, to a degree, by adding some certainty around female candidates and eventual pregnancies. Also I can assure Pundit Grattan (brilliant moniker) that people having babies certainly spend a lot!

I can also assure her that a lot of pensioners do save, but maybe that’s a different question and maybe my samples are insufficiently representative.

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