Who says that trickle down does not work?. For almost two years progressive economist have been hammering away that although governments have debts, they also have assets. Translated, you may have a mortgage of 100,000 euros (Heavens above, you are in debt!), but a house worth 500,000 euros (actually not so bad). While in many instances, public debt cannot be compared to private debt, in this one instance you can. If the British government purchases the railways, it may have debt, but it also has the railways. It took a while, but Aditya Chakrabortty has always been the intellectual avant garde among journalists. Other journalists will follow – and this fact will eventually reach voters. Hopefully before the general elections.
Finance
Nick Shaxson: Ten reasons why the Destination Based Cash Flow Tax is a terrible idea
The international tax system for taxing multinational corporations is coming apart at the seams. We are now entering one of the most significant turning points in world tax history. Read here
Finance
Victor Xing: Central Bank Quantitative Easing as an Emerging Political Liability
From Financial Times – Alphaville (It is free, but you have to register) Victor Xing of Kekselias looks at how central banks are dealing with the distributional effects of their policies. Read Here
Geopolitics
The Cradle: Hezbollah’s battlefield doctrine after the 2024 shock
Between the bruising lessons of 2024 and the renewed confrontation of 2026, Hezbollah and Israel both raced to adapt — one under fire, the other through rehearsals for a wider multi-front war. Read Article HERE
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