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BenGarfield
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BenGarfield replied to the thread [Politics] Labour Party meltdown incoming........Best thing Reeves could do is scrap the OBR and her silly fiscal rules -
BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.All the chancellors from Healey to Reeves have been icompetent as they`ve followed a monetarist or neo liberal economic policy. Only...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.Indeed:- I found this quote "The UK state pension is notably lower than many European counterparts. The full UK state pension...
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BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.Why does this obsession with so called "borrowing" matter if the resources are available in the economy? Governments which are monopoly...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.Younger tax payers don’t subsidise anyone. Tax doesn’t pay for government spending.
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.Thanks for your response. I want to clarify that Apart from the JOb Guarantee Modern Monetary Theory (MMT) isn’t about proposing...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.I agree with you in large part housing market is a nightmare for younger people. In Brighton £200k flats, £24k wages, £900 rent, and...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.Indeed, but it saddens me to see you mortals making a pigs ear of it all.
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.For someone on the outside of this debate triggered by the reinstatement of the winter fuel allowance because i believe in a different...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.It includes all taxable income including taxable income from savings and investments - some income from government bonds and ISAs may...
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BenGarfield replied to the thread [News] Winter Fuel Payments Are Back.
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BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.New Money is created whenever the government spends. This is done by keystrokes on a computer when accounts are credited. It doesn’t...
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BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.The government doesnt need to take money from anyone to pay for so called "borrowing". Simpler - dont "Borrow" at all. Preferably get...
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BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.The government creates new money whenever it spends as do commercial banks when they issue loans. It’s all new money. Money is withdrawn...
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BenGarfield replied to the thread [Politics] Are Labour going to turn this country around?.As I’ve explained already, newly created money. No need to tax or issue bonds They both perform other functions but funding expenditure...
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