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ElJeppy's profile
Jeppy
Jeppy
Jeppy
@ElJeppy

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Jeppy

@ElJeppy

Husband, Father and recent Grandfather. History/Politics/Economics and the odd video game.

UK
Joined February 2008

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    1. Bloomberg‏Verified account @business 11 Apr 2020

      The coronavirus pandemic is set to rob the global economy of more than $5 trillion of growth over the next two yearshttps://trib.al/65StRJW 

      19 replies 84 retweets 91 likes
    2. Jeppy‏ @ElJeppy 11 Apr 2020
      Replying to @business

      I wonder what a different world we'd live in if we didn't measure "growth" by numbers on a spreadsheet?

      1 reply 0 retweets 3 likes
    3. Max Smith‏ @max1_98 11 Apr 2020
      Replying to @ElJeppy @business

      Wouldn't change much by changing measuring. Recessions would still feel the same. Booms would still feel the same too. Just the response might be different and less accurate.

      1 reply 0 retweets 0 likes
    4. Jeppy‏ @ElJeppy 11 Apr 2020
      Replying to @max1_98 @business

      If the focus was on health and happiness for all rather than disproportionately and ridiculously high wealth for some the world would be very different.

      2 replies 0 retweets 0 likes
    5. Max Smith‏ @max1_98 11 Apr 2020
      Replying to @ElJeppy @business

      First of all wealthy people do the most investing and that leads to more businesses and greater output. Profit is a reward for supply something cheaper and better than the rest. Secondly if we measured on happiness and health we wouldn't get very far in development.

      1 reply 0 retweets 0 likes
    6. Jeppy‏ @ElJeppy 11 Apr 2020
      Replying to @max1_98 @business

      Excess profits that are creamed of and hidden away from taxes are an anathema and are pretty common amongst the wealthy. Trickle down economics doesn't work. Boom and bust is a result of rampant misguided speculation. As for development? Clearly you misunderstand the word.

      2 replies 0 retweets 0 likes
    7. Max Smith‏ @max1_98 11 Apr 2020
      Replying to @ElJeppy @business

      Excess profits are then invested in things like the stock market which then leads to innovation and lower prices for consumers how is this bad? Boom and bust is not a result of just speculation. It can be caused by speculation but more commonly it is structural change.

      1 reply 0 retweets 0 likes
      Jeppy‏ @ElJeppy 11 Apr 2020
      Replying to @max1_98 @business

      Big busts occur after big speculation bubbles. Profits made from nothing but fantasy.

      3:12 AM - 11 Apr 2020
      1 reply 0 retweets 0 likes

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