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    (Original post by Aph)
    At the risk of further ruining my economic credentials (I would like to point out I have never studied economics and would have no idea where to start)

    My thinking behind this is that it would lead to a situation where the government could essentially print as much pound sterling as it wants to pay off all of its debts and run the state without needing to borrow money and the public could just use the euro for everything so they aren't affected by the massive devaluation of teh pound.
    your fear was grounded, you have little idea of economics or international banking.
    (Original post by mobbsy91)
    Just quit now... seriously.
    agreed
    (Original post by Aph)
    This is a place for debate. Attack teh issue don't just skirt around it.
    i really dont know what to say to that
    (Original post by Aph)
    Education is actually my forte, ideally I'd get rid of money and capitalism as both don't work. And I think that you will find that economics isn't taught in the education system ever.
    it was taught at my school, I had classes on it. (what school did you go to?)
    has it ever occurred to you socialist loons, that without money or capitalism, we would have 10 times less than now?
    Britannia has a greatly unfair international position in our favour.
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    Nay...
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    (Original post by Aph)
    Education is actually my forte, ideally I'd get rid of money and capitalism as both don't work. And I think that you will find that economics isn't taught in the education system ever.
    War and disease are bad so let's get rid of those as well, yes? You're on another planet if you think we can do away with the concept of money.

    Perhaps in your money-free world there's no need for economics to be taught, but back here on earth we do in fact offer a number of classes on the subject.
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    (Original post by Aph)
    Education is actually my forte, ideally I'd get rid of money and capitalism as both don't work.
    Muttered in the same page in which you admitted you've never studied economics nor have a clue where to start. :rolleyes:

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    (Original post by Aph)
    At the risk of further ruining my economic credentials (I would like to point out I have never studied economics and would have no idea where to start)

    My thinking behind this is that it would lead to a situation where the government could essentially print as much pound sterling as it wants to pay off all of its debts and run the state without needing to borrow money and the public could just use the euro for everything so they aren't affected by the massive devaluation of teh pound.
    I thought you said mere hours ago that you researched...

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    (Original post by Aph)
    Education is actually my forte, ideally I'd get rid of money and capitalism as both don't work. And I think that you will find that economics isn't taught in the education system ever.
    To put everyone's thoughts a bit more bluntly, perhaps to help you realise the point: You're an utter moron. /thread
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    (Original post by Life_peer)
    To put everyone's thoughts a bit more bluntly, perhaps to help you realise the point: You're an utter moron. /thread
    I'm alarmed that that defensible (bolded) proposition is what it took you to call Aph a moron.
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    (Original post by TheDefiniteArticle)
    I'm alarmed that that defensible (bolded) proposition is what it took you to call Aph a moron.
    You two could shake hands in that respect so I'm not surprised at all.
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    (Original post by TheDefiniteArticle)
    I'm alarmed that that defensible (bolded) proposition is what it took you to call Aph a moron.
    Because a barter system is so much better than money, and capitalism has suppressed the poor and done absolutely nothing for them in the short time ithas been around(!)
    Maybe you need to join Aph in the corner.
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    (Original post by Jammy Duel)
    Because a barter system is so much better than money, and capitalism has suppressed the poor and done absolutely nothing for them in the short time ithas been around(!)
    Maybe you need to join Aph in the corner.
    I do support a system of money, but it's certainly defensible to abolish it in a completely state-controlled economy.

    Obviously you don't abolish money and then wonder why your otherwise capitalist economy has ground to a halt, relatively speaking.

    There is also no evidence (nor can there be) that global capitalism has performed any better than any other global system would have.
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    (Original post by TheDefiniteArticle)
    I do support a system of money, but it's certainly defensible to abolish it in a completely state-controlled economy.

    Obviously you don't abolish money and then wonder why your otherwise capitalist economy has ground to a halt, relatively speaking.

    There is also no evidence (nor can there be) that global capitalism has performed any better than any other global system would have.
    Why would there be evidence that something that has been done has done better than something that hasn't, especially with economists involved. Now, tell me, that one big alternative that is around, surely during its 70 year trial it would have extended to the entire world if it were so great and successful, but can you please remind me what actually happened to it? I can't quite remember whether it became just a footnote in history as a failed experiment, or went on to dominate world economics.
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    (Original post by Jammy Duel)
    Why would there be evidence that something that has been done has done better than something that hasn't, especially with economists involved. Now, tell me, that one big alternative that is around, surely during its 70 year trial it would have extended to the entire world if it were so great and successful, but can you please remind me what actually happened to it? I can't quite remember whether it became just a footnote in history as a failed experiment, or went on to dominate world economics.
    I accept that full-blown socialism cannot work on less than a global stage because the necessity of at least moderate levels of planning in its economies for the initial couple of centuries mean a single socialist state cannot be competitive internationally.

    I will, however, note that most of the previous instances of socialist economies are irrelevant to the question of whether one can work, as a) the world is too different (basically, history over about 30 years ago is irrelevant to assessment of modern conditions); and b) many of the flaws can be put down to individual humans' fallibility.
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    One step closer to USE I see......

    I'm no economist but wouldn't the exchange rate and commission kill the profits of businesses in the UK? I doubt a small village in the Midlands is going to have a swarm of tourists wanting to compare prices to what they would pay at their home town 1000 Km away. Forcing a local grocery store in Shrewsbury to have both euros and pounds for the potential handful of tourists a year is highly impractical and illogical tbh.

    So what does it mean for employees in the UK, do they get paid in euros, or is it half and half? If UK residents are still getting paid in pounds, this would not benefit them at all. Only burden them with confusion, and less money, because they'll see two prices, and one most likely cheaper than the other, then they'll exchange their money and lose most of the money they planned to save on commission, and lose the time by going to a bank or exchange place to exchange the money.

    It would make slightly more sense to phase out the pound and phase in the euro. Still then, it's a very big nay from me.
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    (Original post by McRite)
    I'm no economist but wouldn't the exchange rate and commission kill the profits of businesses in the UK? I doubt a small village in the Midlands is going to have a swarm of tourists wanting to compare prices to what they would pay at their home town 1000 Km away. Forcing a local grocery store in Shrewsbury to have both euros and pounds for the potential handful of tourists a year is highly impractical and illogical tbh.
    You'd be amazed how many Spanish school groups you see on Shrewsbury High Street - visiting what I really have no idea.
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    (Original post by Saracen's Fez)
    You'd be amazed how many Spanish school groups you see on Shrewsbury High Street - visiting what I really have no idea.
    Substitute Shrewsbury with a very boring and average market town then. Hell, why not go village given pubs

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    (Original post by Jammy Duel)
    Substitute Shrewsbury with a very boring and average market town then. Hell, why not go village given pubs
    Yeah, it is ridiculous for a tourist visiting, say, Welshpool to walk into a little independent shop and have the right to pay in euros.
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    I still wouldn't think it unreasonable to make it available for a large premium.

    Edit: I should make it clear that I am strongly against this in the original form.
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    It is also worth noting that there is nothing stopping euros being accepted as is, just no legal obligation. Perhaps the only reasonable thing here is making sterling bank notes legal tender in Scotland and Northern Ireland, and non BoE Sterling Bank Notes legal tender in England and Wales.

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    (Original post by Jammy Duel)
    It is also worth noting that there is nothing stopping euros being accepted as is, just no legal obligation. Perhaps the only reasonable thing here is making sterling bank notes legal tender in Scotland and Northern Ireland, and non BoE Sterling Bank Notes legal tender in England and Wales.

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    It is outrageous that BoE notes are accepted across UK but England won't recognise NI notes

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    (Original post by That Bearded Man)
    It is outrageous that BoE notes are accepted across UK but England won't recognise NI notes

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    It's because NI and Scotland have separate legal systems to England/Wales, so when the Royal mint was setup, they retained the right to print money (but only for themselves). I believe nowadays they require permission from the BoE anyways.
    Note to whoever said capitalism was a failed experiment.
    Capitalism has provably been the only system of trade in Western Europe for the last 10-15 thousand years. Up to the 20th century infact.


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