Sadly, my American friends have been quick to point out that DJT is a symptom, not the cause, and that Democrats have actually lost ground. Which is sad.
Here we go again. More mumbo-jumbo about lowering borrowing costs by quantitive easing.
Continue reading “Right Action, Wrong Narrative”
There are fiscal conservatives on the right and left of the political spectrum—and in the middle too. Continue reading “The Deficit Myth”
The aim of the tax justice movement is a radical overhaul of the tax system, which it sees as unfair. However, the majority of people have a confused and—more importantly perhaps—an inaccurate idea of how tax works. Continue reading “The Tax Justice Movement”
The Left is afraid of tax cuts, largely because cutting taxes was historically an aspiration of the Right.
Boiled down to basics this was a reflection of the view that it wasn’t the government’s job to intervene (or interfere) in how we spent ‘our own money’. If we wanted to donate to good causes, such as the alleviation of poverty, well and good. If not, well the money was ours to dispose of as we saw fit.
Continue reading “Why is the Left afraid of tax cuts?”
Rishi Sunak, our current Chancellor, took over the job when his predecessor, Sajid Javid, was in effect forced out. Sajid Javid was ‘fiscally conservative’—he believed in keeping a tight hold on the government’s purse strings. Rishi Sunak was then an unknown quantity, but he has since shown a contrasting willingness to distribute funds, in the form of the Covid-19 furlough scheme, pretty liberally—for a Conservative, anyway.
Continue reading “Is Rishi Sunak MMT-aware?”