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Richard J Murphy
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Comments by "" (@lonevoice) on "Nationalisation does not cost taxpayers anything" video.
I am not surprised by Labour's policy. I listened to Rachel Reeves being interviewed by Rory Stewart and Alistair Campbell. Rory asked if Labour would invest heavily out of new money as the US did under Biden through their Inflation Reduction Act. Reeves said that unlike the US dollar, sterling was not a reserve currency so couldn't. Both Stewart and Campbell remained silent, but this was news to me and probably almost everyone including the IMF which regards sterling as a reserve currency. The $ may be the most important reserve currency but Reeves didn't say that. Did she not know or is there something else going on?
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