Austerity explained.

[radar19]

This guy is awesome.

http://www.youtube.com/watch?v=FmsjGys-VqA&hd=1

 

[Tefal]

he seems to be suggesting that until 2 years ago there was no government debt at all.

 

[PGdude]

he seems to be suggesting that until 2 years ago there was no government debt at all.

Not really sure how or when you got that impression.


Doesn't take a genius to know that there always was debt.

 

[currantloaf]

great video he presents well hopefully will make future videos for my economic studies!

 

[Hatter The Mad]

UK's government spending in real-terms figures, based on 2009 prices, based on the spending review.

 

[kwerk]

What a load of tosh.

 

[Deleted member 66701]

Snip

What's the use in posting up a graph if you make no commentary on it? What point are you trying to make?

 

[Cosimo]

[/QUOTE]

Graph is graph. ;)

 

[rodo]

Not a fan of Keynesian economics, sorry. The banks were far from the only ones to cause our national debt. (And we'll make a profit from the equity we have in them as a country when we come to sell).

There's a lot of this diet Marxism springing up all over the place these days.

 

[AGD]

The problem with this guy is he talks about macro economics as if it's a hard science when it's clear that in its current state it isn't. But then I guess no one believes you if you display uncertainty. He's meant to be an academic and not a politician though, so has no excuse.

 

[Hatter The Mad]

What's the use in posting up a graph if you make no commentary on it? What point are you trying to make?

That the video isn't talking about the UK, because we're not going into extreme austerity.