To start at the end of Positive Money’s latest article “It is promising that MMT (Modern Monetary Theory) is gaining traction in every corner. We greatly enjoyed attending both [MMT] events and have only warm expectations about working together to design a better, healthier, fairer economy.” “Positive Money (PoMo) has long advocated using public money… Read more
Category:
Politics
Betrayals
There is one aspect of betrayal that is that of our current Prime Minister who, less than two months before the referendum, gave a remarkably sensible speech on EU membership at the Institute of Mechanical Engineers. On the basis of its contents she has certainly betrayed the country and probably herself, but not perhaps (yet)… Read more
Anna Soubry nails it: ‘Brexit was undefined and is undeliverable.’
Dominic Grieve spoke nothing more than the truth on Radio 4’s Broadcasting House [first major piece] when he said “there is no form of Brexit that is not hugely damaging to our country.” Indeed the side of this red bus appears far more informative than the one Johnson liked to arrive on: Grieve’s interview was… Read more
The IMF have suddenly discovered both the price of everything and the value of nothing
The FT has reported that the IMF says that “Cash-strapped governments could find a huge new source of revenues if they managed their assets more professionally” Those presumably will be the ones that the IMF was previously in favour of not just managing, but privatising. “The potential receipts, equivalent to an average of 3 per… Read more
Police not investigating the misdeeds of Leave because of ‘political sensitivities’?
I think all of those interested in the Rule of Law should look at this ‘Open Democracy’ Article here. If the Metropolitan Police really are not investigating the misdeeds of Leave because of ‘political sensitivities’ we must consider whether or not we are in a country where the Rule of Law prevails or whether in… Read more
A ‘Peoples Vote’ is, in fact, the only way out of the quagmire
I’ve discovered that a more insidious question to which Brexit provides the answer is Tate & Lyle. Prominent sponsors of the previous Conservative Party Conference, this company seems ostensibly just a public spirited part of British culture – what with all their art galleries…. Regrettably that was much more to do with the profits of… Read more
Weimar and discovering the case against austerity
Having recently been criticised by someone who considers that the history of the Weimar Republic means that the government can never print money, and that governments should more properly follow the advice of sober bankers, I countered that the Reichstag was actually private at the time so it was not the government printing the money… Read more
Sugar tax own goal
We may now have the sugar tax, but of course what most of the soft drink suppliers have done is substitute other sweeteners for sugar (which we have consumed for about 500 years). I’m unaware of any trials that suggest the alternative sweeteners are in fact either any better or even good for us at… Read more
For this once, let’s hear it for the Legatum Institute
The Social Metrics Commission is a motley crew of people and is an Independent Commission “formed and led by the Legatum Institute’s CEO Baroness Stroud“. Nobody knows who truly funds the Legatum Institute so their efforts are usually rather suspect. Still, the Joseph Rowntree Foundation is stated as giving them help. Even this Legatum Insitute… Read more
BBC Brexit Coverage: Objective Truth, Relativism and Gaslighting
“Everyone is entitled to his own opinion, but not to his own facts.” – Daniel Patrick Moynihan BBC’s public news purpose: To provide impartial news and information to help people understand and engage with the world around them: The BBC will provide accurate and impartial news, current affairs and factual programming of the highest editorial… Read more