Wes Streeting wants to fund 200 new NHS health centres through PFI. But the Public Finance Initiative was a disaster in the past – locking
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We are told that central banks are neutral and above politics. The truth is, they’re not. Central bank independence was created to remove responsibility from
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James Carville, adviser to Bill Clinton, once said that if there were reincarnation, he would like to come back as the bond market, because then
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The TUC published this press release yesterday, and I am going to share it as they published it, because I think it is interesting enough
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Politicians love to talk about “taxpayers’ money.” But here’s the truth: every pound in circulation is created by the government or banks licensed by it.
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A new commentator left the following comment on this blog after my most recent video. They started with a quote from me: ‘And bonds in
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This post was nearly complete yesterday when the MacBook on which I was writing it failed. I am told that when it is repaired, most
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I took time to think yesterday, as I said I would. The idea I came up with is this: Money is like light. Sometimes it
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Politicians tell us the UK is “borrowing too much” and faces a “debt crisis.” That’s wrong. The government creates the pounds it spends, and what’s
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