tag:blogger.com,1999:blog-22974616.post4966304136589392090..comments2023-10-02T14:33:18.136+01:00Comments on The Very Fluffy Diary of Millennium Dome, Elephant: Day 3542: Economic Literacy Test: Caroline Lucas plays Mini-Me to Bully Balls Dr EvilMillennium Domehttp://www.blogger.com/profile/08430269096817934037noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-22974616.post-66625921598793382782010-09-13T19:36:56.122+01:002010-09-13T19:36:56.122+01:00First of all -- a big thank-you. I think I unders...First of all -- a big thank-you. I think I understand economics, and then realise every so often that I need it explained to me again. So thanks from an economic illiterate.<br /><br />Can you explain what you mean by balancing the budget over an economic cycle? How do you know how long the cycle will last in order to do that? My understanding is that the coalition is aiming to do it in 5 years and Keynsians such as Stiglitz and President Obama, and the Liberal Democrats before the election, are worried that is too fast and would prefer two parliamentary terms - i.e. ten years.Janehttps://www.blogger.com/profile/11717309322729778838noreply@blogger.com