I am giving a talk this lunchtime building on ideas in The Joy of Tax.
These are my speaking notes in diagrammatic form (click on it for a bigger, easier to read version). This is the policy that would, I believe, in combination with the Bank of England policies I have already suggested this morning, provide the ammunition needed to tackle the developing economic crisis.
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Meanwhile, over on the Guardian: http://www.theguardian.com/society/live/2016/feb/10/guardian-live-how-do-we-pay-for-the-nhs-we-want
Enough to make one weep. We pay for the NHS by spending the money. I know you don’t wholly subscribe to MMT Richard but if I remember correctly (and looking at the above) you do agree that a sovereign currency issuing government is not revenue constrained and that tax comes after spending. And it is not as if we are running at full employment or there are other resource constraints (other than staffing, which is a training and remuneration issue and fairly easily solved) which would result in a properly funded NHS causing runaway inflation.
We are not revenue constrained, at all, right now