In some ways I feel the need to apologise for drawing attention to this thoroughly shameful video of three French policeman beating up a black man while calling him a ‘sale nègre’, when he was going back inside after realising he had not put on his mask (compulsory even outside, in many areas of France)…. Read more
Category:
Politics
BBC corrections..
And Positive Money doing its educational best: Am I alone in thinking that if the BBC cannot properly train their reporters they should at least be preventing them from speaking on things they clearly know nothing about?… Read more
Austerity’s Two Parents
This was an incisive post from B. Gray, which I thought deserved much more attention: It follows: Austerity has two parents: greed and fear, both of which are powerful motivators among the wealthy elites and the politicians that do their bidding. Greed: Austerity promotes privatization of public services and assets, and increased private debt, all… Read more
International development
After today’s percentage of GDP reduction on International Trade which was announced by Sunak, I cannot understand how, if the GDP is reducing anyway, as it clearly is, all the rhetoric is of much consequence. Still it may be a useful sop to the Tory Right Wing who may not realise this, any more than… Read more
Sunak’s day – again
While much of his personal life has been covered in Tatler (where else?), I thought this was an informative article on Sunak who appears to be a banker to his fingertips. He seems to be a natural austerian – for everyone but himself, naturally. The piece suggests that he is much more ‘conservative’ – fiscally… Read more
Is Johnson all there?
This is from Monday’s Times: I much regret I must conclude he is not in that so-called ‘safe place’ that we would wish any Prime Minister to be – and, even more unfortunately, I regret that in consequence, nor are we…… Read more
Fiat Money Facts.. continued
If proof were needed that we need to adopt – rather than MMT, actual ‘Fiat Money Facts’ we have it from the Treasury Select Committee. About three quarters of the way through the session there are questions from Steve Baker MP, Brexiter and Tory, no less. Remarkably he asks about Modern Monetary Theory (MMT). He… Read more
Fiat Money Facts
This seems to me a much better shorthand description of the monetary system than Modern Monetary Theory (MMT). OK it clearly doesn’t include the add-ons such as a Job Guarantee but the Job Guarantee is an unwelcome distraction in my opinion – what we need is simply a consistent endeavour to achieve full employment. But… Read more
Whose Sovereignty exactly?
This was in Saturday’s Times: And the Baron of Siberia bit had to get permission from Putin. Now, joy of joys, it has been granted. We have a Baron of Siberia in the House of Lords – that must be what the Conservatives meant by taking the money, sorry, taking back control…. Read more
FT news on handbag economics
This FT article ‘Sunak faces worst hit to UK finances since second world war’ is worth reading – not so much because it indicates that Sunak has got pretty much everything wrong about money that it is possible to get wrong but also because these misunderstandings have lead him to think the rich have to… Read more