Business cycle dating
It may be snowing outside, but we are keeping the Christmas Spirit open.
We have arranged an excellent prize draw with those excellent people at Craven Equipment.
William Vickrey, awarded the 1996 Nobel Memorial Prize in Economic Sciences, commented: "This fallacy seems to stem from a false analogy to borrowing by individuals. Deficits add to the net disposable income of individuals, to the extent that government disbursements that constitute income to recipients exceed that abstracted from disposable income in taxes, fees, and other charges.
This added purchasing power, when spent, provides markets for private production, inducing producers to invest in additional plant capacity, which will form part of the real heritage left to the future.
The TOMCC have announced the headline acts for the entertainment at Trifest Skegness in 2018.
Trifest is the Club's main social event for all Club Members to enjoy and meet other Triumph Owners - plus have a good look at some lovely machinery and a great time socialising in the evening.
According to most economists, during recessions, the government can stimulate the economy by intentionally running a deficit.
The deficit spending requested by John Maynard Keynes for overcoming crises is the monetary side of his economy theory.
The National Motorcycle Museum is pleased to announce the details of their very special "Triumph" winter raffle.
Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.
The term may be applied to the budget of a government, private company, or individual.
The usual argument against deficit spending, dating to Adam Smith, is that households should not run deficits—one should have money before one spends it, from prudence—and that what is correct for a household is correct for a nation and its government.
A similar argument is that deficit spending today will require increased taxation in the future, thus burdening future generations.