Search results

Spot on - there seems to be no competence in railway management - probably too occupied, like Avanti, with 'free money'.

Precisely!

Why would there need to be tax income? 1698964980 Just none of this is correct - I despair. You say I'm not correct when I actually have already said that banks create Sterling! Sorry I really fear for your mental understanding. Do you know about Buxted chickens or Tufton Street?

But you rather misunderstand I suggest. Government creates the money - it is not 'yours' to redistribute, it is the government's. It taxes back to prevent inflation. If government spends into the economy on things that are available and beneficial, people will respond - and actually have more...

Interest rate rises were/are a complete con - the don't affect anyone except the UK economy and the inflation is caused outside the UK Sterling area so the Bank of England is working for bankers not the people - or indeed the economy. BoE interest rate rises just increase UK inflation. The...

I broadly agree - but even you suggest that any QE inflation was well within the (arbitrary) 2%.... Buy-in for environmental cleanliness and stability is there for everyone I think I've ever spoken to - pensioners or youth! The majority of your 'output', whatever that is! in any financial sense...

A fascinating point of view! But there is zero evidence that QE causes inflation. So quite why that should suddenly change I cannot fathom. Indeed if your assertion is that the UK should get exporting then Green QE could do just that. Japan has in fact mostly been running trade deficits I'm...

Government owns a bank. All banks create money out of thin air. No need for inflation - you prevent inflation through taxation. Except that government creates money as it spends: https://www.legislation.gov.uk/ukpga/Vict/29-30/39/section/13 It cancels the created money through taxation. GDP...

Why does the Bank of England want to sell? It doesn't need to. It could continue with QE for a very long time as the Bank of Japan has. I'm unaware that it was foreign investors that were the problem for Truss and Kwarteng. If they had better explained what they were doing then they would have...

The private sector doesn't earn the money 'we' require. Government creates it. Tax prevents inflation. What government needs is resources. In my view public health and stopping the food industry form making us unwell would be a good start (see Ultra Processed People by Chris van Tulleken)

Why do you exclude the Bank of England holdings? Their holdings precisely indicate why government debt is in fact better seen as 'our' savings. There is no practical evidence that foreign investors fight shy of UK investment. The transport sector is awash with it - for example. Theoretically you...

https://www.economicshelp.org/blog/2215/readers-questions/uk-debt-held-by-oversees-investors/ So actually the 'small part' is held by overseas investors. The banks including the Bank of England itself and insurance/pension cos are the majority. Sterling bonds will always be honoured by UK...

Government debt is actually our savings. Government owns a bank - it has debt so that people can save securely - secure because government prints its own currency and so can never ever run out of it. People who want to trade with the UK will always be willing to buy the pound, I think!

The UK is not a corner shop. It owns a bank which creates money out of thin air. It then taxes to prevent inflation. The economic problem is simply austerity, which is a religion of the rich based on deceiving the poor.

Surely the addendum to that is 'at the right price'? Basically our economy is no longer working. Probably because we don't understand where money comes from: http://www.progressivepulse.org/economics/seven-reasons-why-we-never-tax-and-spend And of course since 1866...

Is the Bude area included?

It doesn't matter financially. Yes we need the (engineering) resources but the financial resources are irrelevant. Where does money come from? That's right, government creates it out of thin air. It is a promise to pay tax essentially. So it is the actual resources that are relevant and we...

Don't let them deceive you - all money is created out of thin air by the government. That's what a sovereign currency is. We all know that the government owns a bank entirely, after all prints the stuff! It uses taxes, not to pay for things, but to prevent inflation. Look at what it says on a...

Money does grow on trees of course. And yes there is a magic money tree, but banks and this government don't like to let you know. We don't tax and spend and never have - how are you going to pay your taxes if the government hasn't first created the pounds foy you to do so? See...

Except that interest rates don't prevent inflation - hence why the Bank of England is over target and the governor had to write to the Chancellor. It also takes no account of private debt, which the Bank of England has also warned about. People haven't got any money to save!