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Le Pen's rhetoric doesn't have to be remotely as strong because she already signals all that horrible poo poo with her party label. gently caress's sake, most of the old guard of the party was involved with OAS. The GOP may have full throated fascists, but they're not harboring people who literally tried to coup the french republic in their youth to install Franco's Pied-Noir clone.
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May 8, 2017 01:16
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May 8, 2017 01:20
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I'm not British but when I think of peak Brit, this is it.
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May 8, 2017 01:24
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So is there a final tally of votes? Is it still 65/35?
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May 8, 2017 01:36
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Shimrra Jamaane posted:So is there a final tally of votes? Is it still 65/35? 66/34
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May 8, 2017 01:38
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Macron and Trudeau are my OTP
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May 8, 2017 02:08
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In the immortal words of our generation, QQ moar u cuck
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May 8, 2017 02:28
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Blut posted:Since the 2008 crash and the spread of 'austerity' its become a synonym for the excesses of capitalism. It wouldn't be if most retail banks didn't constantly bring into question why we even need them at all anymore. Not to mention how investment banks and hedge funds actively work maliciously to manipulate both the market, their own clients and even nation states against the common good for short-term profit. Austerity is only good for creditors.
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May 8, 2017 05:51
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Well done on not loving up the world any further France!axeil posted:Maybe this time they won't listen to an absolutely discredited paper that only showed austerity worked because of an Excel error!
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May 8, 2017 07:25
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Ekster posted:With any luck WW3 will be fascist US, UK and Russia against liberal Germany, Italy and Japan. So you want the fascists to win?
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May 8, 2017 07:44
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Pizdec posted:Well done on not loving up the world any further France! http://www.reuters.com/article/us-global-economy-debt-herndon-idUSBRE93H0CV20130418
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May 8, 2017 07:51
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Torrannor posted:So you want the fascists to win? It's ok, china will take the role of the USSR. They're not the guys we like a lot, but they're better than literally hitler mk2, and they can build 3 tanks per second.
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May 8, 2017 07:54
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Torrannor posted:So you want the fascists to win? Third time's the charm for Germany
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May 8, 2017 07:57
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If that's true they basically totally falsified their work. They're hack frauds.
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May 8, 2017 08:05
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That happened four years ago. Neoliberals are still pushing austerity.
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May 8, 2017 08:09
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Edible Hat posted:That happened four years ago. Neoliberals are still pushing austerity. Conservatives too as far as I've seen?
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May 8, 2017 08:10
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Grapplejack posted:If that's true they basically totally falsified their work. They're hack frauds. It's fine because they still stand behind their message and believe it or be true.
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May 8, 2017 08:10
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Edible Hat posted:That happened four years ago. Neoliberals are still pushing austerity. Imagine what admitting wrongdoing and changing directions would do to you politically. It's just not done old chap.
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May 8, 2017 08:13
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oh my god
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May 8, 2017 08:15
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This is beautiful and horrible. Why isn't this link GaussianCopula's title?
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May 8, 2017 08:16
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kill me, just loving kill me
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May 8, 2017 08:16
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I guess this is the 'evidence based policy' that neoliberals tell us is in all our best interests? Chuck it on the pile with massively falsified data on charter schools etc. I guess.
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May 8, 2017 08:40
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Austerity was seen as good just because of a godamn excel error!? WHAAAAAAAAAAAAAAAAAAAAATT!? 
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May 8, 2017 08:41
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Grouchio posted:Austerity was seen as good just because of a godamn excel error!? Austerity was never good, they just fabricated a good pretext to unleash it unto the world.Nazis came to power thanks to that loving awful idea.
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May 8, 2017 08:54
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USSR and Korea are what happens when you drag austerity for too long. Except rather than not wanting to spend money, they couldn't afford it. But the end result is the same.
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May 8, 2017 08:57
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The case for limiting debt in the Eurozone is (mostly) not build upon the idea that debt-to-GDP being above 90% suddenly slows down economic growth, but on the analysis that the Eurozone members don't have all the tools available to them that a traditional nation with full control over it's own currency would have. Therefore there are certain additional rules (60% debt-to-GDP, not more than 3% new debt etc.) that are meant to prevent countries from getting into situations where they are in deep trouble, because they can not longer borrow money on the market because the interest rates are to high for them.
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May 8, 2017 09:05
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GaussianCopula posted:The case for limiting debt in the Eurozone is (mostly) not build upon the idea that debt-to-GDP being above 90% suddenly slows down economic growth, but on the analysis that the Eurozone members don't have all the tools available to them that a traditional nation with full control over it's own currency would have. Therefore there are certain additional rules (60% debt-to-GDP, not more than 3% new debt etc.) that are meant to prevent countries from getting into situations where they are in deep trouble, because they can not longer borrow money on the market because the interest rates are to high for them. Sorry, seems that the life jacket we threw you is filled with sand, and the end of the rope is not tied around our boat, but your neck. I guess you should just accept your lot. v  v
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May 8, 2017 09:08
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GaussianCopula posted:The case for limiting debt in the Eurozone is (mostly) not build upon the idea that debt-to-GDP being above 90% suddenly slows down economic growth, but on the analysis that the Eurozone members don't have all the tools available to them that a traditional nation with full control over it's own currency would have. Therefore there are certain additional rules (60% debt-to-GDP, not more than 3% new debt etc.) that are meant to prevent countries from getting into situations where they are in deep trouble, because they can not longer borrow money on the market because the interest rates are to high for them. Short version: Germany doesn't like inflation.
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May 8, 2017 09:08
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TheRat posted:Short version: Germany doesn't like inflation. Inflation above the ECB target of close to but under 2% is very bad and has to be fought with fire. Pesmerga posted:Sorry, seems that the life jacket we threw you is filled with sand, and the end of the rope is not tied around our boat, but your neck. I guess you should just accept your lot. v That's why you should have respected the warning signs to not go into the deep water if you can't swim aka go to deep into debt if your economy is not globally competitive. GaussianCopula fucked around with this message at 09:15 on May 8, 2017 |
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May 8, 2017 09:12
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TheRat posted:Short version: Germany doesn't like inflation. They've got good reason not to, as an export heavy, industrial nation. Any inflation within the Euro would impact the German economy more severely than the rest of the Eurozone.
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May 8, 2017 09:13
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TheRat posted:Short version: Germany doesn't like inflation.
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May 8, 2017 09:14
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GaussianCopula posted:not more than 3% new debt etc. Despite being a failure, it was promoted by Jean-Claude Trichet to be incorporated in the Maastricht treaty.
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May 8, 2017 09:19
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Grouchio posted:Austerity was seen as good just because of a godamn excel error!? "We do not, however, believe this regrettable slip affects in any significant way the central message of the paper or that in our subsequent work." if I understand the article correctly, the student actually did the right calculations and proved the "central message" was wrong. so how can they say this error doesn't affect their work?
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May 8, 2017 09:19
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GaussianCopula posted:The case for limiting debt in the Eurozone is (mostly) not build upon the idea that debt-to-GDP being above 90% suddenly slows down economic growth, but on the analysis that the Eurozone members don't have all the tools available to them that a traditional nation with full control over it's own currency would have. Therefore there are certain additional rules (60% debt-to-GDP, not more than 3% new debt etc.) that are meant to prevent countries from getting into situations where they are in deep trouble, because they can not longer borrow money on the market because the interest rates are to high for them. You know that prevention only works before something happens right
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May 8, 2017 09:24
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Barbe Rouge posted:"We do not, however, believe this regrettable slip affects in any significant way the central message of the paper or that in our subsequent work." The Excel coding error did not actually influence the calculation by a lot, it was more the data selection and averaging method that changed the outcome (e.g. they decided to not include certain countries/years shortly after WW2) that changed the outcome. Basically "do not trust any statistic you don't fake yourself" kind of situation. orange sky posted:You know that prevention only works before something happens right Greece literally had to fake data and pay Goldman-Sachs to help them with that to even get into the Euro. You can't tell me that the Greeks did not know that what they were doing was against the rules at the time.
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May 8, 2017 09:25
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GaussianCopula posted:The Excel coding error did not actually influence the calculation by a lot, it was more the data selection and averaging method that changed the outcome (e.g. they decided to not include certain countries/years shortly after WW2) that changed the outcome. Basically "do not trust any statistic you don't fake yourself" kind of situation. That was also pointed out by the student though, so their assessment that "it didn't change the outcome" must have included that point too. The Harvard Professor who wrote the paper apparently was calling it all a witch hunt from the left: http://www.nakedcapitalism.com/2013/10/ken-rogoff-loses-it-calls-criticism-of-errors-in-debt-paper-a-witch-hunt.html This article also includes an interview he gave in Germany; that bit is in German (which I don't speak), but has comments in English.
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May 8, 2017 09:38
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GaussianCopula posted:The Excel coding error did not actually influence the calculation by a lot, it was more the data selection and averaging method that changed the outcome (e.g. they decided to not include certain countries/years shortly after WW2) that changed the outcome. Basically "do not trust any statistic you don't fake yourself" kind of situation. Germany/France certainly knew as well, they let them in and repeatedly let them pass the ECB's tests while they were a member of the EU.
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May 8, 2017 09:39
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Grapplejack posted:They've got good reason not to, as an export heavy, industrial nation. Any inflation within the Euro would impact the German economy more severely than the rest of the Eurozone. But.... gently caress them.
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May 8, 2017 09:44
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Grapplejack posted:Germany/France certainly knew as well, they let them in and repeatedly let them pass the ECB's tests while they were a member of the EU. Not to mention that so did Deutschebank and Commerzbank who both had the data to know better and yet they both pretended that it wasn't a thing and kept buying Greek bonds. In fact, the only stakeholder involved that couldn't have known better know was ironically the Greek electorate. MiddleOne fucked around with this message at 09:51 on May 8, 2017 |
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May 8, 2017 09:46
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Collateral Damage posted:Well they do have first hand experience of what hyperinflation looks like. Pretty much self-inflicted by the German government as a protest action against demands for war reparations.
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May 8, 2017 09:59
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