I cannot vouch for the precise figures – which, I think come from America, but I cannot disagee with the sentiment. That insidious plan, Neoliberalism, has been all too succcessful…. Read more
A solution to imposed austerity?
In an interesting article actually written before the collapse of the Genoa flyover a group of Milanese Italians promoting ‘Fiscal Money’ suggest that Italy should introduce its own parallel currency in the Eurozone. ” Rome can regain control of its monetary policy without breaking the rules of the eurozone.” They continue: Our proposal is for… Read more
Now even Telegraph correspondents worry about Brexit
This is important to pass on – an extended Tweet from non other than a ‘Daily Telegraph’ correspondent. It does, I should be happy to indicate, but I’m not, reinforce that we have been factual and far from alarmist on ProgressivePulse. So even the ‘Daily Telegraph’ seems to agree with our disaster scenario – as… Read more
Are we anywhere near there yet?
James Bloodworth, the incisive author of ‘Hired: Six Months Undercover in Low-Wage Britain‘ has turned his attention to buses in a blog. He is, it turns out, a Somerst boy, so his piece concentrates particularly on buses in Somerset, such as they are. Yet rural bus services – much like rural postal services – are… Read more
Fiscal Rules or Radicalism?
A poster on TRUK, Pilgrim Very Slight Return has written on Labour’s so called fiscal rule, (which fails to address the origin of money): “It’s as if they have accepted that the hoi polloi thinks that the earth is flat and then Labour thinks it has the job to produce the drawings to prove it.”… Read more
The Empire is perhaps ingrained: ex-pats or immigrants?
Which EU country has the largest number of citizens (4.9 million) living abroad?A clue: It’s the country that calls its citizens living abroad “ex-pats” rather than calling them “immigrants”. pic.twitter.com/524e1Alyca — James Melville (@JamesMelville) August 14, 2018 I post this in haste as I think it important – and I can only concur. Immigants and… Read more
Millennial Hope
It is interesting that it appears (see the video link that follows) that spontaneous singing for Jeremy Corbyn broke out at the Boardmasters Festival in Newquay. Having spent much of the last weeks in Cornwall (not, I regret, at Boardmasters!) it is clear to me that, like many in the rest of the country, the… Read more
How money really works
Positive Money have started a discussion forum and already there seems to be an interesting division between so called Modern Monetary Theorists or MMTers and the opposition. A chap called Howard was certainly against: “Sorry but this is MMT nonsense. Tax money comes in and the numbers in the account go up, when it is… Read more
Framing the economy (continued)- Project Household
Having earlier tried to demonstrate that the economy is a construct to enable greater overall prosperity, and that money within it usually serves to derail this value, there is no avoiding the most recurring misinterpretation – that the economy works like any old household. Unless Project Airbus can be seen as a household the economy… Read more
Framing the Economy (continued) – Project Value
It is likely that those of you at the back of the class will have overlooked the fact that in my Project Airbus suggestion for framing the economy money was never mentioned. No need to worry – if the economy is considered as the archetypal joint effort, then money in the economy is just part… Read more
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