Results are out! Find what you need...fast. Get quick advice or join the chat
Hey there! Sign in to have your say on this topicNew here? Join for free to post

Francois Hollande elected as new French president

Announcements Posted on
Will you get the grades you need for uni? Get prepared today and de-stress, sign up to email alerts for course places! 02-06-2015
Waiting on IB results? Our IB results hub explains everything you need to know 01-06-2015
  1. Offline

    ReputationRep:
    (Original post by HARRY PUTAH)
    You realy believe the rich and powerful rely on the rule of the plebs to dictate what could possibly harm their vast fortunes and power bases?

    Please tell me you're not that stupid. :rolleyes:
    I was merely correcting your misunderstanding of French campaign finance law.
  2. Offline

    ReputationRep:
    (Original post by Tasha1986)
    I was merely correcting your misunderstanding of French campaign finance law.
    I am merely correcting you on real-life facts.

    Rich/powerful people do not rely on the pleb vote for their own reasons.
  3. Offline

    ReputationRep:
    (Original post by HARRY PUTAH)
    I am merely correcting you on real-life facts.

    Rich/powerful people do not rely on the pleb vote for their own reasons.
    I made no assertions about the 'real-life' facts of politics.
  4. Offline

    ReputationRep:
    Good news that the new French president will boost government spending in France. The Euro needs a moderate period of inflation now. The Germans don't like that, basically because they have higher levels of savings which are eroded. Inflation is not a bad thing - it transfers wealth from the rich to the poor in a moderate and controlled way, and in a way that promotes social cohesion and economic growth. The same thing can be achieved more openly by taxation, but it is politically more difficult to propose higher taxes. So let loose money supply do the same job.

    This works inside countries and has the same effect of transferring wealth from richer (Germany) parts of the EU to poorer parts (Greece, Spain). The German fear of loose money leading to hyperinflation is not rational. What caused the German hyper inflation was loss of underlying economic production cause by the war and reparations. There is no comparison with now. The potential near-hyperinflation in Ireland, Italy and Greece is caused by corruption. The concentration of tight monetary policy is wrong and it is part of the problem, not part of the solution. The answer is to loosen off on money and to tackle corruption by political reform. To have this sort of thinking in place in France as well as the USA means that things are moving in the right direction, with Germany standing in the way, and the UK providing under Cameron a spectacular example of 'how not to do it'.

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: May 13, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

New on TSR

It's IB results day tomorrow

Check out our IB results hub here & get prepared here

Useful resources
x

Think you'll be in clearing or adjustment?

Hear direct from unis that want to talk to you

Get email alerts for university course places that match your subjects and grades. Just let us know what you're studying.

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.