Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Rachel Reeves has to get her numbers right" video.

  1. Unfortunately, they're not in the mainstream, or even in the UK. Mark Blyth, a Scottish Political Economist who is living and working in the US wrote an article in July informing the new Labour government that they could stop paying interest to the UK banks on their reserves held at the Bank of England, which is on track to be $286 billion a year by 2030. Those reserves are compulsory for the banks to have to be banks operating in the UK, so that interest is in actuality an ongoing subsidy to them. And that article was published in the American publication "Foreign Affairs". I picked it up because I've followed his work since he accurately predicted Trump’s win, and explained in clear language why the global economy was moribund, and why austerity was a dangerous trick which had failed every time and everywhere it had been tried. Perhaps Richard's observation is in the same camp.
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  2. Because all the way back to 1945, the Welfare State has been disliked by the Conservatives, and the recent generation of conservatives are radical intent on destroying it. Since 1951 they've been resentful of it. Yet it took Margaret Thatcher to put a huge nail in its coffin. Google "The Rape of The National Insurance Fund". You will see that successive governments fiddled the figures.
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  3. I think you are exaggerating some, as we have a global economy that is already moribund, and a global money market which is suboptimal. It's been that way since 2008. Why? Nobody trusts anybody any more. A replacement for the Eurocurrency markets is needed because of that, but also reasonable global regulation of that market is essential. Right now, the US is the cleanest shirt in the laundry basket. Accordingly, everybody's shirt needs a wash. What we need is a global form of international money that isn't controlled by any one country. But hey, it's only been nearly 80 years since that was suggested, and it still hasn't happened yet. It's the main reason that the Eurocurrency markets came into existence. But still no commonsense resolution exists.
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  4. He's a Chartered Accountant and an Econimist - I'd love to see them try to dispute his analysis.
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  5. Because it gives them scope to do what they have decided already they want to do. Ideas are as powerful as viruses. They are as hard to kill as well. And for too long we've been complacent. A well-informed electorate is necessary for democracy to work properly, because we are all potentially affected by bad politics, and we see and experience their impact. So how our country is run is also our responsibility. Unfortunately, we have been lax, and our politicians are not well educated enough or intelligent enough to ask the right questions. If you know the YT channel Gary Stevenson's channel Gary's Economics you know that he's worked in the city and took a Master's degree in Economics at Oxford, and he wasn't impressed by their teaching or their expertise. And he clearly and comprehensively explains why. The vast majority of our politicians are Oxford graduates, and most are PPE - Philosophy, Politics, and Economics graduates. And that course is turning out people who haven't a scooby doo. Check Gary's channel out, as he explains what's been going on and why we need to use tax on assets more to stop the decline.
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