theProle

That's all well and good if you've a plan to pay off the debt at some point. If your plan (as has been the plan of every chancellor since Ken Clarke) is to just add the borrowing to the national debt… (View Post)

The trouble is, governments are terrible at figuring out which assets are productive. For starters for ten, they tend to mix up "financially productive" and "pay rises/handouts for our… (View Post)

The problem is with logic is that bricks and mortar wealth is largely a mirrage, and substantial wealth taxes therefore can't raise all that much money because it's not there to be raised. If the gov… (View Post)

It's perfectly possible to hold both those views simultaneously. Devaluations are bad. They are also somewhat of a safety valve - by making everyone whole holds currency "x" poorer, it squa… (View Post)

And the alternative is an immigrant driven ponzi scheme which arrives at the same ultimate destination. We are a small island with finite resources, we cannot keep expanding the population by >1% … (View Post)