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#10: ITN Squalid Housing Scandal Reports- what’s behind it?

“Housing scandal: ITV News uncovers widespread problems with leaks, damp and mould in tower blocks across UK”  ITN report, 01.04.2021. Pic: sodden carpet in Franzoy’s flat (ITN) “To prevent electrocution, the fridge has been unplugged for more than three months.She has no light in the bathroom, her sofa has been destroyed along with many of …

#9 Why is the (Budget) Deficit a Myth? And why does it matter? Stephanie Kelton makes it clear.

If you think economics is terribly complex, full of jargon and charts, dull and boring, only for professional economists-this book will change your mind. It will open your mind and make you understand how governments and their finances really work. As opposed to what we’ve all been persuaded to believe since around the 1980’s, which …

#8 The “National Debt” …in two minutes.

“Out of intense complexities, intense simplicities emerge”.  W. S. Churchill. Imagine that you personally own, outright, Britain’s largest bank, and you are legally entitled to put any credit figure you choose in your own account. Would you really go out and actually borrow any money from anyone? Of course not.  But, you are aware that …

4. “Who’s afraid of the Big Bad National Debt?” The reality of deficit and debt.

We hear TV news, the papers, and politicians bleating on about “the National Debt” and “The Budget Deficit” a lot, don’t we? And, as we all know what it’s like to have debts to pay, we worry about it. We think, “how is the country going to pay for…..?” “Our children will be burdened with …

3. Let’s talk about taxes

#3     Let’s look at Tax-why is the economy like a washbasin? In #2, we looked at how we have all been led to believe that Governments spend “taxpayer’s money”, and can only afford to spend what they receive in tax receipts, because it’s convenient to justify political agendas. “There’s no magic money tree, dear”, Theresa …