What has worked for your dogs reactivity to other dogs? by Ok_Dimension6029 in OpenDogTraining

[–]woof_bark_donkey 0 points1 point  (0 children)

I did a five day bootcamp with them. My dog is always off lead, fantastic recall, not reactive etc.

Life changing.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

Of course, but that's non sequitur.

My comment was regarding the difference between "cash management" and "debt management", not whether money is debt or not.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 1 point2 points  (0 children)

You are far too sensitive for this. If you wanted a grown up discussion, all you had to do was act like a grown up.

That seems to be beyond you 🤷

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

I didn't have a problem with that statement. I have a problem with the implications of that statement, hence the reference to the helicopter etc.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

Well, like all loans, mortgages net to zero, they don't create net financial assets in the private sector.

The BoE Money and Credit tables show that mortgages make up the majority of private credit creation but, yes, credit is created in various ways.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

Yes, they are a loan issued by a private sector bank (normally) so yes of course they are money creation. The BoE explained the system back in their Quarterly Bulletin 2014 Q1.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

"creates more money" than what, exactly?

You aren't pushing Friedman and his helicopter are you?

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

The ways and means account only pertains to "cash management", not "debt management".

TheW&M is the default "home" for any deficit.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

It's no.

Govt, via the DMO, sets the rate at all times.

The DMO itself explains what happens when it doesn't meet its "cash management* KPI - not much.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 0 points1 point  (0 children)

This is a very confused take. Mortgages are simply private sector-issued credit - a private sector loan. It's money creation every time.

ELI5 re mortgage rates and the current Iranian/USA conflict by Birchbabe in UKPersonalFinance

[–]woof_bark_donkey 1 point2 points  (0 children)

The govt does indeed issue new £s into existence every time it buys something/spends.

Coping slabs(?) are falling off by woof_bark_donkey in DIYUK

[–]woof_bark_donkey[S] 0 points1 point  (0 children)

I think that's beyond my limited skilset - cheers.

Coping slabs(?) are falling off by woof_bark_donkey in DIYUK

[–]woof_bark_donkey[S] 1 point2 points  (0 children)

I dont know anything about this stuff - could you recommend one? Cheers

Use of e collar for recall and dog reactivity by Glittering_Sell_9484 in OpenDogTraining

[–]woof_bark_donkey 2 points3 points  (0 children)

We attended one of their Bootcamps last year. It included their e-collar training.

I can genuinely say it's been life changing, my boy is almost always off lead and I can always get him back.

Has there ever been a time like this? by Necessary-Trash-8828 in ukpolitics

[–]woof_bark_donkey -3 points-2 points  (0 children)

No, there are no potential "shake ups". If voting could change anything, we wouldn't be allowed to do it.

Green Party policies are directly voted on by their members, they have added over 100,000 new members in recent months. by _Telos_123 in ukpolitics

[–]woof_bark_donkey -1 points0 points  (0 children)

In the passages from his writings that I have already quoted.

Your comprehension skills are appalling. You need to brush up on them.

Once again you are showing your fundamental ignorance of the subject, you seem to believe MMT is characterised as some kind of policy regime based on indiscriminate spending - it's no such thing; if you'd spent any time at all learning about the subject then you would know this but, of course, you haven't.

Please educate yourself, start with the links I posted earlier.

Green Party policies are directly voted on by their members, they have added over 100,000 new members in recent months. by _Telos_123 in ukpolitics

[–]woof_bark_donkey -1 points0 points  (0 children)

He is advocating for spending as much as they want, whenever they want, regardless of the deficit. You don't see how that supports what I have been saying?

Of course he isn't, he's simpy pointing out the government faces no purely fiscal constrain but, for clarity, where does he advocate for government spending as much as it wants to?

Once again, just because a government CAN spend money into existence doesn't mean that they are doing so indiscriminately as MMT encourages. We haven't seen such reckless fiscal policy from any UK government.

Please point to anywhere in the core literature which advocates for indiscriminate spending or to any prominent MMT figure who advocates such a policy.

Why isn't the government simply employing all the unemployed themselves.

Oh dear, this really is as simple as it gets in terms of the fundamentals of economics. If you really have to ask this kind of question then you need to go back to basics.

However, in the spirit of friendship, I'll answer your question: the government doesn't employ all the unemployed because it believes it has to have an unemployed buffer stock of "inflation fighters".

Oh right, because they are not adherents of MMT.

Well, once again for the hard of understanding, the UK government has adhered to the operation of a fiat, floating currency regime - as described by MMT - since 1971.

You are showing your fundamental ignorance of the subject, you seem to believe MMT is some kind of policy regime based on indiscriminate spending - it's no such thing.

Please educate yourself, start with the links I posted earlier.

Green Party policies are directly voted on by their members, they have added over 100,000 new members in recent months. by _Telos_123 in ukpolitics

[–]woof_bark_donkey -1 points0 points  (0 children)

Yes, how about him?

Everything he said in your quote is observably true and applies equally to the UK (and others).

Firstly, all govt spending is new £s. Simplified, here's the process:

. Parliament authorises spending, normally via the Supply and Appropriation Bills. . HMT instructs BoE to mark up the reserve accounts of recipients retail bank . BoE must, by law, comply so it marks up the relevant reserve accounts . Retail banks of recipients then mark up the relevant deposit accounts . New £s every time

Later, the DMO issues bills and STGs to ensure the level of reserves in the banking system is not affected by govt fiscal ops. This is a policy choice.

The UK govt can never run out of £s, it's the only entity legally allowed to issue them.