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How to be a Deficit Owl
First Posted on October 13, 2012 by alittleecon How to be a Deficit Owl by alitteecon The current economic debate in this country is split between those we can call deficit ‘hawks’ versus those we can...
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Will our Grandchildren be grateful to the Tory/LDs?
Somebody Think of the Children First posted on October 27, 2012 by alittleecon ‘I think we have a moral duty to the next generation, to our children and our grandchildren, to wipe the slate clean for...
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What are the Treasury and the Bank of England up to?
What are the Treasury and the Bank of England up to? First posted on November 10, 2012 by alittleecon There was an interesting announcement yesterday by the Chancellor saying that excess cash held by...
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Arguments that every Liberal Democrat would do well to hear
By Jim Grundy Look, you and I are not going to agree; probably not even on the time of day. You think you’re noble…. I think that you’re facilitating the nastiest, most regressive administration in...
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George Osborne says we’re running out of money ..
First a quiz: Q1. The UK economy is just like a household and the government has to finance spending out of its income or through borrowing. True or False? Q2. The role of taxes is to provide...
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Myth Busting: The Coalition Cut the Deficit by a Quarter
Myth Busting: The Coalition Cut the Deficit by a Quarter by MarxistNutter First posted on Politics Worldwide January 28 2013 As the economic failures of the coalition government become more and more...
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Why we can’t spend more than we bring in but Government can
Dr. Stephanie Kelton of UMKC explains that much of our current jobs crisis stems from a fundamental misunderstanding about the relationship between the US and its currency. She runs the blog New...
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Labour Puzzles Potential Voters about their Intent
Labour Puzzles Potential Voters about their Intent People everywhere reject the Bankers’ Politics of neoliberalism and look to a future of People’s Politics and a kinder and fairer society, where...
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The Logic of Privatisation of the East Coast Mainline
First posted on Thursday, 28 March 2013 – Socialist Economic Bulletin The logic of privatisation of the East Coast mainline By Michael Burke The Coalition government has announced its intention to...
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Government Debt and Deficits Are Not the Problem – Private Debt Is
Government Debt and Deficits Are Not the Problem – Private Debt Is Published on Mar 24, 2013 Michael Hudson: Why do they call for governments to balance the budget by pushing the economy at large...
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Flawed political economics are behind the calls for fiscal conservatism
Flawed political economics are behind the calls for fiscal conservatism By Michael Lloyd Article previously published here by Class Online, and reproduced by kind permission, Notwithstanding the...
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Why do politicians tell us Debt/Deficit myths which they must know to be untrue?
The New Economic Perspectives’ video clip on the Government budget, Deficits and Debt presented below (produced for educational purposes), debunks the myths that politicians tell their populations to...
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State finances are not like a household or a maxed out credit card
Prue Plumridge patiently explains to a Conservative MP the true nature of Osborneomics and their devastating impact on the UK’s economy and people. Dear Mr Whittingdale I would like to take up where...
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Who says we can’t afford the NHS or Social Security?
By Prue Plumridge Yesterday in Parliament, we witnessed a shameful spectacle when only 48 Labour MPs voted against the Welfare Bill. The extreme centre, as Tariq Ali referred to it in his book ‘The...
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Britain has a Debt Problem, All the More Reason to fight austerity
Britain has a Debt Problem, All the More Reason to fight Austerity By Adam Blanden Twitter: @Adam_Blanden previously published here The British state has a debt problem and this makes rejecting...
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Neoliberal TINA Economics is Flat Earth thinking
By Prue Plumridge Belief in a flat Earth is found in the oldest writings and early Mesopotamian maps showed the world as a flat disk floating in the ocean. Thankfully things have moved on since that...
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Labour MP in urgent need of lesson in economics
A response to Chris Evans MP by Prue Plumridge Just before the vote on the Fiscal Charter Chris Evans MP (who abstained) said: “Labour should be proud that when we were last in government we ran a...
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Deficit Fetish: Just say “No!”
Balancing Budgets: The Austerity Dogma By John Weeks, previously published here on Piera Twitter: @johnweeks41 The Austerity dogma of George Osborne asserts that a negative balance between public...
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It’s all a game of Monopoly really
It’s all a game of Monopoly really by Prue Plumridge When Labour left office in 2010, Liam Byrne left a very unfortunate message saying there was no money left. The Tories have dined out on this lie...
View ArticleDear Philip Hammond, Chancellor of the Exchequer
A letter to the Chancellor of the Exchequer from Prue Plumridge I feel I must write to you in response to your speech at the Conservative Conference in which you referred to the medium-term challenge...
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