BiffasBoys wrote:
...Yeah, the average house price in the UK doubling in less than 3 years really was the fault of Lehmann Bros & nothing to do with the lenders de-regulated by Gordon Brown & the failure of the Chancellor to make sure interest rates rose to dampen down borrowing demand.
You know, that simple economic theory of supply & demand, so simple even Gordon couldn't follow it. Or his mate Ed.
Fantastic.
Earlier in the thread you denied the effect of supply and demand on house prices.
You also said that Gordon Brown TOOK the control of interest rates away from the Bank of England.
Now that you have been told that you were 100% wrong on both of those facts, you now say that Gordon Brown should have kept that control (unlike any advanced economy in the Western world who entrust that control to a central bank) because you now grasp the effects of supply and demand (which previously you denied).
Any other aspects of elementary economics I can help you with?
e.g. Like the importance of starting from genuine facts ... rather than making stuff up to suit your ill-informed argument ... like your assertion that average house prices doubled in three years (utterly wrong), or that Gordon Brown deregulated the banks (also wrong).
The list of your really basic errors is getting longer and l o n g e r.
I note your habit of not answering questions and your preference to ask laughably more shallow ones (e.g. You haven't told us which
specific controls Brown removed on banking but continue to insist that he did.).
I do understand how hard it must be for you to admit that a) You don't know or b) You were wrong (see the list) but if you just thought things through a little bit, it would save time all round and you wouldn't look quite as daft.
I don't know which fruitcake website you are getting all this rubbish from but I'd advise that you look further afield and maybe, just maybe, actually think it through rather than trotting it out here.
Oh, and please do try to grasp the use of the quote function ... it really is getting tiresome.
