tag:blogger.com,1999:blog-8487128531050281473.post7863744192496428722..comments2024-01-08T14:24:03.718+00:00Comments on Economics Essays: Why National Debt Affects SterlingTejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8487128531050281473.post-23682020254933662662011-10-13T21:04:46.631+01:002011-10-13T21:04:46.631+01:00"Affects" is spelt with an "A"..."Affects" is spelt with an "A" at the front, not "E".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-89117114247348305192010-04-27T07:29:31.652+01:002010-04-27T07:29:31.652+01:00When discussing national debt, it is not all bad. ...When discussing national debt, it is not all bad. It can be justified when borrowing is used to provide capital infrastructure which will be enjoyed by future tax payers. The £10M spent on a new school building is there for the benefit of children for the next 60 years and should justifiably be paid for by them.Paul Hieldhttps://www.blogger.com/profile/16719175589611303694noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-76531575990870684902010-04-27T07:26:29.977+01:002010-04-27T07:26:29.977+01:00The two points made above and repeated below are m...The two points made above and repeated below are misleading...<br /><br />"•Interest rates - higher UK rates attract hot money flows and demand for sterling rises.<br /><br />•Competitiveness - a higher UK inflation rate than our competitors makes our goods less competitive so demand for sterling falls"<br /><br />It is not inflation but the exchange rate which reduces competitiveness, Paul Hieldhttps://www.blogger.com/profile/16719175589611303694noreply@blogger.com