Comments by "Maria" (@maria8809ttt) on "Unless Starmer delivers in 2025, the 2029 election is over for Labour" video.
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Roosevelt put the US back on track within 100 days. It can be done, and quickly. That was after the Great Depression. If the political will is there. He used Overt Monetary Financing OMF, direct government currency creation used to enable social benefit such as schools, social care, hospitals, court houses, roads, bridges etc, etc. The direct investment created jobs, that in turn created economic activity and growth.
As the investment was direct and not through bond/gilt sales using central bank non- interest bearing bonds there was no interest attached, there for no inflation, whilst gaining asset wealth in the people's name and better needed serviceses.
This is the power of a monatery sovereign, a power that for years has been reserved for only a very few.
There are many examples of OMF producing good economic outcomes at both the macro level feeding through to the micro level accumulating in long term growth stimulation.🙂
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