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The above infographic replaces an earlier version that included a typing mistake, as if to prove I write these things.
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Typo in box 8, first bullet point ‘…..erplaces artificial…’
I am sure you are aware of this. And I despise pettiness. But just to draw it to your attention.
In Box 8, the first bullet point, there is a typo. “erplaces”, to be read as “replaces”.
P.s. These infographics are brilliant and throughly helpful to digest the information. May I suggest a dedicated page on the blog where they are all in a list to access? Or even put into a ‘booklet’.
Excellent. (There appears to be a typo in box 8 first line of first bullet point “replaces”?) Send a copy to Zack Polanski! And to Gary Stevenson to read on his flight to Japan.
Box 8 “erplaces” should be replaces
Excellent. Box 8, point 1 ‘erplaces’
The infographic I’ve been waiting for and will be sharing.
There’s a related if under-acknowledged and misunderstood aspect to the spending of money by Government, the asset physical assets created (and sometimes sold…). These represent tangible national wealth. Everything friendlier infrastructure, to hospitals to libraries.
This found in the Whole Government Accounts (WGA), which are designed to record the value of public sector assets. It’s messy, containing the financial data from over 1,000 public organisations, and the figures are open to question, especially those from Local Authorities. Nevertheless understanding the real world value of a nation’s assets is important and should attract more attention and due consideration alongside national debt (which receives way too much attention).
Good point. What the promoters of the bogus household analogy always (conveniently) overlook is not the size of the household outgoings but the value of the house. If 10 Blighty Avenue has a mortgage of £20K but its value is £100K what’s the problem? It’s only when you get into negative equity that you have a problem. Even then, the value of the UK must be more than just the total value of its physical assets. It’s really time that the household budgeteers were tackled head on to justify their continued nonsense.
No one reading your blog cares about typos but something we may download and print for distribution to others needs to be as perfect as possible. Distractions from the message are not needed and many non “Funding the Future” consumers love finding typos and making a issue of it thereby distracting from the infographic messages.
Misusing ‘Who & Whom” bothers me more but most people do not know the correct usage rules for “Who & Whom”! LOL! LOL!
Thanks for all your your hard work on the ‘Infographics”!
You’ll never be stuck for proof readers! Sorry to learn of your on-going health issue. Get well soon.
The one I’ve been waiting for, and I’m not disappointed – a certain Ms Kelton might approve?
I recently came across John Searle lecture where he address the argument that money is no longer a physical object. It is a contract created with a promise of language. And this contract needn’t be a physical object like coins, cash, a government bond. To many modern philosophers this is a kind of heresy. And it got me thinking that a lot of opposition to MMT comes from outdated philosophical stances that entirely inadequate.