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.
The Germans claim that their tax-dodging drive is stronger than their sexual drive, which might explain the inexorable decline of the German birthrate. This does not appear to be simply a German phenomenon. Francis Weyzig […]
The Tories have a problem. The political winds dictate that they retreat from fiscal austerity. But how can they do so without admitting that austerity was an error in the first place? On the Today […]
What is becoming increasingly clear is that the Social Democrats have no solutions to Spain´s most pressing problems. Besides a few superficial actions will be the new enforcers of neo-liberalism in Spain. Somehow that has […]