I have already done the first in a mini-series of videos on the issues that QE (quantitative easing) is giving rise to, how we can address them, and how this relates to modern monetary theory, which some would like to see replace QE. This is the second in that series and discusses how Green QE, which is an idea that I co-created with Colin Hines a decade ago, can address some of the key problems within QE.
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Richard
In an earlier blog you said that the Tories proposals to aim for low tax, low regulations were the actions of a ‘fascist’ government. Which Fascist government did you have in mind? Certainly not the most notorious fascist regime, Nazi Germany, which doubled the rate of corporation tax from 20% to 40% and increased income taxes on the highest earning 30% of individuals from around 33% to 50% in 1936. Germany also hugely increased regulations on industry, to the point where the government could dictate what products certain industries could produce (even before WWII started).
So you must have had a different fascist government in mind when drawing the comparison. Which one?
That is not what I said
The suggestion I made was not for that reason
There are many other good reasons, which I made clear, but not the claims you make
So there is no response to offer
And please don’t bother to respond: I am not in the mood for being trolled
Hitler wanted to completely dominate Europe and defeat the communist threat of the Soviet Union plus other rivals such as France and GB so needed massive industrial development and rearmament. Other fascist states such as Spain, Greece, Portugal and some Latin American countries only wanted to have control over their own populations but to do this as cheaply as possible so less state interference with business and lower taxes. .
[…] is the third in a series of videos on why I think that the UK should move away from conventional quantitative easing towards what I […]