Germany 'would accept UK exit from EU' to protect migration rules

[Big D Duchovny]

[QUOTE=LtKyle2;46400861]Pardon my economics ignorance but isn't low inflation good?[/QUOTE]

Depends on the country's economy, really. I think general consensus is that 2% is around the sweet spot (if you have very low inflation, people may prefer to not use their money, resulting in slower growth), but (without being an economist) I don't think there's anything theoretically wrong with high or negative inflation, it might just be our economy that isn't fit for those kinds of inflation rates.

[Mythman]

[QUOTE=GoDong-DK;46401276]Depends on the country's economy, really. I think general consensus is that 2% is around the sweet spot (if you have very low inflation, people may prefer to not use their money, resulting in slower growth), but (without being an economist) I don't think there's anything theoretically wrong with high or negative inflation, it might just be our economy that isn't fit for those kinds of inflation rates.[/QUOTE]

You're right that 2% is the sweet spot in western economies but there are problems with extremely high/negative inflation.

Extremely high inflation could lead to hyper-inflation (like inter-war Germany or Zimbabwe). If you know the price of bread will go up by 1% tomorrow you will try and buy it today (making inflation worse).
Negative inflation (deflation) is equally bad for the inverse reason. If you know the price of bread will go down by 1% tomorrow you will save your money and buy the bread tomorrow (making deflation worse).
Both of these situations can spiral out of control and become a self-perpetuating cycle if not careful.

All that said: the poor inflation is primarily a problem for the Eurozone. It won't have a direct impact on the UK apart from sinking our exports - but this will happen whether we are in the EU or not won't change this. We're still stronger being in the EU than outside of it.

[wewt!]

[QUOTE=Dermock;46398128]yes how dare they foot everyone's fucking bill and be one of the biggest givers in the EU[/QUOTE]

I think germany would like a word with you

[editline]4th November 2014[/editline]

[QUOTE=Fr3ddi3;46395312]There's plenty of pensioners who still want to work despite being retired. I work with 3 who choose not to sit on their ass all day because it bores them senseless, read that as part time or casual work not 40+ hours a week.[/QUOTE]

Over here it's not a matter of "want", I've worked with three women at a factory gig who should've been retired for at least half a decade if not more, but are working for 600€ a month because they can't afford to retire.

[editline]4th November 2014[/editline]

It's rather strange seeing the UK complain about immigration when over here people are complaining about potential high quality workers and talented students moving out. Our country is educating us, and we're going to some place that isn't going to fuck us in the ass for the rest of our lives, and one of those places is the UK as well. From all of the less competent immigrants, it would be moronic to pretend you don't get some very good workers as well.