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.
EU politics
Robin McAlpine: Escaping corrupt London finance is one of the biggest opportunities of independence
Common Weal director Robin McAlpine argues that Scottish independence offers the only escape from a system in which bankers win every time Read here
EU politics
Palestine Chronicle: Germany’s Schengen Ban on Pro-Palestine Lawyer Sparks Outcry from International Association of Democratic Lawyers
The International Association of Democratic Lawyers has denounced the detention and deportation of its Deputy Secretary-General Charlotte Kates in Athens, accusing Germany and Greece of weaponizing Schengen bans to silence pro-Palestinian advocacy. Read Article HERE […]
Economics
Bill Mitchell: Inflation is not exploding out of control and interest rate rises will not help
Central banks need to be patient and make sure its messaging stays on track – supply disruptions, war, transitory. Read Here Photo: Federalreserve
Be the first to comment