After reading this blogpost (well worth perusal) pointing out the importance of language in framing how we are given to understand society works, I too, have been musing over similar ideas on money and debt. We know that money is never the taxpayers’ because government has by definition, to spend it into existence before the… Read more
Category:
Covid-19
Sunak is a dunce
Germany has extended its furlough scheme by 2 years, but apparently Sunak thinks that for the UK this is not possible. How can he realistically suggest that the largest economy in Europe can achieve this without a fully sovereign currency, but Britain with its own currency, and economically, only one or two places below Germany,… Read more
Increasing wealth is protective of health..
I’m amazed to be agreeing with Matt Hancock: There is not a word to disagree with here – particularly that it is the first responsibility of any government is to protect its citizens. I have a friend who thinks Hancock is genuine. He could be. But if he really thinks this, certainly he has to… Read more
Government being taken to court for lack of PPE
Even if you don’t wish to contribute to the legal fund this is well worth the two minute watch!… Read more
Hardship ahead
According to a Sky News report, Conservative policies have (either purposely or inadvertently) arranged for the country to be subject to hardship ahead. Rishi Sunak said: I don’t think it’s fair to extend (furlough) indefinitely. It’s not fair to the people on it. We shouldn’t pretend there is, in every case, a job to go… Read more
The French will have to build a wall …
If Brexit in fact is actually happening – and so far it seems it is – then unsurprisingly, its spirit is gradually dying of its own contradictions. Immigration is just one area when taking back control means actually relying on the co-operation of the er, French. True we already rely on French co-operation, but that… Read more
MMT – technique exposes purpose
Thinking about the two recent reviews of The Deficit Myth, I am coming to the view that these rather lightweight critiques are simply designed to sow seeds of doubt in readers minds. But there is no very serious argument against the facts of the case. When Jessop says that if something seems too good to… Read more
Demolition by virus…
According to my favourite 🙂 newspaper… The Telegraph, councils will be allowed to demolish buildings that are ‘contaminated’ by Covid-19. This is pretty odd – as an airborne virus, I’m not entirely sure how buildings can become contaminated with Covid-19. I suggest that actually they cannot – for sure their air can be, but not… Read more
The Innocence Tax and how Democracy is undermined
There has been a series of articles on Channel Four News on the experiences of ‘The Secret Barrister’ – and of course there is a book of the same name. This illustrates the straight injustice for potentially any one of us when the state refuses to fund adequately our defence – not to mention the… Read more
The Deficit Myth criticism – second try
Julian Jessop was previously Chief Economist at the Institute of Economic Affairs, which he describes as “the [we ought to know – Koch Brothers funded] educational charity and free-market think tank” – and, remarkably, he is also of ‘Capital Economics’, one of whose members has already had a first try (commented on yesterday). He has… Read more