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.
Related Articles
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Economics
Bill Mitchell: “We need the state to bail out the entire nation”
Probably the only ones trying to hold on to the old ideology are the Germans, although in practice they will do anything to save the 1%. Read here
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Economics
David Boyle: The resistable rise of the Absent Corporation
I have tried to launch some kind of award system over the 18 months or so since the publication of my Tickbox book – really just by writing about it a great deal, and by […]
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Climate Crisis
ICCT: What if I told you cruising is worse for the climate than flying?
Cruising is a way to visit some of the most pristine and spectacular places on earth, and we hear a lot about how flying is bad for the climate, right? Right. But what if I […]
Be the first to comment