As I have already noted this morning, I would love a politician to bite back against an interviewer asking the inane questions in the so-called national debt right now. So I wrote a blog suggesting what I would like to hear. Then I recorded it. It would have been better with someone else playing the interviewer, but the message is, I hope, clear.
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Which Radio programme has the benefit of your commentary services for this week’s budget?
Radio 2
My question is: do Tories suffer from false consciousness, i.e. do they genuinely believe that we have to repay this debt through austerity, or do they know it’s wrong but use it to pursue their agenda, and if it’s the second, do we have any evidence of Tories admiting they don’t believe this nonsense, but still continuing to argue for it?
I hope the politicians who asked for this take note.
It is very good – so good that it might be worth re-doing it with another person as interviewer. I think that would make it easier on the ear. Do you have a friendly professional contact that might oblige?
Maybe…
Hi Richard,
Thanks for the video, I especially appreciate the simple arguments suitable for pub type discussions.
I do have a question (which if you’ve covered elsewhere, then my apologies). Under a government that uses MMT wisely, could another George Soros event be possible, where an investor could successfully “short” stirling? Or is such an event only possible when a government depends too much on external borrowing?
Thanks in advance.
No, because the pound floats now, and would with MMT
Sopros exploited the fact that the government was trying to fix the rate