Concern within the Labour Party that Jeremy Corbyn is doing well

It would be a good idea if people stopped comparing household budgets with government budgets because there is no real comparison.

Absent, I think that was said in the beginning but when someone seems not to be able to understand simple economics you sometimes have to get down to something they recognise.

My brother once tried to explain an experiment he was doing bombarding atoms (if I remember correctly). He used oranges and sugar cubes but even at the young age I was then I didn't think he was really doing experiments with these. If we thought people really thought they were the same thing that would be questioning their intelligence rather than trying to aid their knowledge.

Not sure if you are talking about me Gracesgran, but I passed an Economics A Level, back in the day. Though I have forgotten some of it.

I do think that some people confuse not agreeing with someone with not understanding.

Shall I say what it looks like to people from the other side?
It looks like their understanding has only managed to get to 5 points out of 10. Whereas others have thought or are able to think further along the situation or implications, and are at the 8/10 or 9/10 stage.

Economics is not a science like the others really.
Much of it is mere opinions.
Which people often dont agree with at the time, or are found not to work in reality.
Also Governments may only take some of the points or ideas. Plus circumstances in countries are all different.

"Economics is not a science like the others really."
I agree with this. Once human nature and resultant behaviour mixes with numbers and equations we get into all sorts of trouble. No simple explanations or formulae can account for it all.
Just no easy answers

Apologies to petra for mistaking her identity.

No soon I was not "talking about you" I was replying to Absents comment. However, if I remember rightly, it was you who wanted the comparison to households.

Surely Economics is not "mere opinions" it is theories. That's a bit like saying the Theory in Evolution is a mere opinion - although I suppose some may actually think that.

If you think that the theory being put forward is wrong don't you just challenge the theory with evidence?

Gracesgran, no I didnt want the comparison to households, though thanks to trisher anyway.
I replied to your paragraph about households/business/Governments.

The evidence to theories/opinions of economics are all about us. Countries put in place some or all of the theories/opinions sometimes, and none of it appears to work brilliantly.

Which country has got it right past or present in your opinion.

And even if someone thinks one country has got it right, someone else will disagree with that.

Which is the same thing as Jane10 says in her 9.43am post regarding this.

soon well if you studied economics at A then you will familier with Keynsian economics, which is what I am arguing about as are other grans along with a large proportion of other countries and influencial people. To dismiss such a large body of thought as 5 out of 10 and then go on to say that your argument represents 9 out of 10, when it is unclear what it is that you are advocating seems somewhat spurious.

However I would be very happy for you to outline your theory and debate it with you.

I replied to your paragraph about households/business/Governments

I am lost. Which post was that soon. Not that it's very important but I can't see what you are referring to.

Being a bit bossy, soon.
A link to green QE, which you could have found on an earlier page if you had looked.

www.taxresearch.org.uk/Blog/2015/08/06/the-ft-says-corbyns-peoples-qe-could-actually-be-a-decent-idea/

There are lots of links within the article.

No it is not important Gracesgran. Not at all.

But I am talking about my post of 10.52am yesterday.

I dont press on all your links durhamjen.

I mainly look at the links words and decide from that whether to rpess.
That link you have just quoted does not mention the words QE or green.

oops. I can now see the tiny qe in there now.

Say sorry.

Then read it and all the links within it.

whitewave. When I did economics, there were two main theories bandied about.
I dont remember details, but one of them was Keynes.
I thought that was the one I agreed with, until someone on a thread a few months ago said something was a Keynes theory. And I looked him up, and realised that it was Keynes theory that I disagreed with.

Also Paul Krugman who was mentioned earlier upthread, and I think is part of the reason the USA is in such a financial mess that it is in.
Borrow borrow borrow.

And I think that they are 5/10 thinking yes. I dont care if that dismisses. I dont even think that a majority of people even in the economics field agree with it.
Keynes theory doesnt work for what a lot of people want.

The 8/10 or 9/10 bit. I didnt actually mention me. I said others. But yes, I do consider that others who are more right wing, have thought implications much further along the line.

But at the end of the day. People want different things out of life. So a country that words for one, doesnt work for another.

You have been too bossy so no to all of it.

An interesting statistic I read today is that only 25% of workers in this country earn over £30,000. So why is the government policy always based on high earners? Because it's only those 25% that the government are interested in.
Green or the people's QE will put more money in the pockets of the other 75% by sharing it out more.

Is this site school? Ridiculous. What a silly situation. I will be having lines next.

For heavens sake soon, why ask for a link, then say that. I do not believe you are bothered at all about economics. You do not come across as someone who has done A level anything.

I'm sorry soon. What I was asking was which was my posts talked about households/business/Governments which you feel initialised the comparisons. I really did think I had posted in reply to your comments.

Thank you for asking nicely Gracesgran.

Your post is the last paragraph of friday 10.32am

Am I bothered about economics? Yes.
Am I bothered about economic theory and opinions? Only if they go in the direction I want to go to, and they are workable and cost effective.

Since JC agrees with Keynes, and Keynes supporters keep close to the theory, and because I feel like a pupil at your school, then no.