Tyrone Braithwaite

Ha ha I like that - but how much covers that downside?

Ha ha. Imagine making it harder than, and as expensive as petrol to dispense. 🙃

(BP pulse took me 10mins of Wrangling and what felt like debugging the app.)

Ionity is by far the best/well priced set-up but sparse.

Essentially only works if you can charge at home - and the cheap windows are closing in due to the 'perfect markets.'

The public infrastructure is a special mess.

Typical of the market creating a botched up hell for the consumer.

We have one that's an expert at unpopular choices.

The real demand here is to fix people's material conditions and not to go swanning off to China the minute you're challenged.

Labour are obsessed by their own project. It will be the end of them.

Literally have themselves to blame.

Fact: the USA does not rely on others to pay its deficits.

The issuance of treasuries as such is an operational decision - after the USA has spent the dollar into existence.

It's a policy choice to issue them to match the deficit for legacy reasons.

It funds nothing.

Yeah the main difference is the Greens actually want to make the place better for a larger group of people. (Without the hate too.)

No OBR is in our interests.

It's remit is to limit spending at the expense of proper economic outcomes.

It's also a clumsy, inaccurate and unreliable mess.

What else do you expect out of the George Osborne era?

It's not meat and it's not wood.

It's not massive by any stretch.

BoE can always buy bonds etc.

We need to stop worrying about the markets and worry about the failings of everything else.

The honest conversation would be how government finances actually work - not the botched up version that has put us back for decades under this terrible model.

www.ucl.ac.uk/bartlett/sit...

She actually called it 'an ill-conceived Brexit' rather than saying Brexit itself is bad per se.

Day one is when they should have thought about this.

You are absolutely bang-on.

The pitfalls of being a 'clay' government and not having any ideals that people might vote for.

Also there's no way the fiscal rules are credible.

They're without base, evidence and are self-defeating.

Any wonder why the economy is not in good shape?

Bond vigilantes are tiresome.

Gilt markets are a policy choice enabled by the g'nment.

I love how we can't have functioning democracy or nice things because the bond market - not a naturally occurring force said so.

If we had proper leaders they would push back against this mythical story.

Starmer has destroyed all of Dunt's - and every other centristy view of the country.

Starmer used this crowd, just like the left to cement the right.

Honestly spend some time understanding this stuff rather than repeating what you believe to be true.

I've given you

A) a film to watch
B) a book to read
C) an academic paper to study.

Get informed.

There is no operational reason (i.e lack of money) why the government can't issue as much money as it wants but also has an inflation target so works within that limit.

Doubling benefits... likely inflationary.

Building a new hospital ... not likely inflationary.

I've told you several times there is no 'just printing money' - that technically doesn't happen.

The government issues money to provision itself.

In an inflationary environment just printing money would likely cause more inflation.

We are all very clear on this.

Technically and operationally we can always issue as much money as we like but the hard limits are 1) inflation 2) things to buy.

You can't overcome inflation by issuing more money.

That's what taxation is for.

You have to match spending with real resources.

MMT is very specific about how it all works.

Your opinion is being formed from misunderstandings about what happens.

Think it through - the UK government/BoE is the only place that can create sterling currney.

So why do they need private money?

It creates the money it issues.

Simple as that.

Bonds eventually roll over and start again.

I've just answered your previous question.

No because just doubling benefits is likely inflationary!

You have to target things where the resources exist to fix the things we need fixing.

People often confuse government spending money with helicopter money.

It's not the same.

Go and read the deficit myth by Stephanie Kelton.

No we don't.

The debt is just a record of all money spent and a safe place for money to go for people that want to save and generate a return.

It never needs paying back.

If you reduce the debt you remove that facility.

But it's not necessary for government spending to take place.

Not it's not at all.

Government funding is an act of money creation. The backing is provided by the BoE which is owned by the government.

No one said we should just double benefits.

It's simply political will that decides what we should do.

Why do you think Labour have virtually no growth?

Reducing government debt removes money out of the economy.

It's the opposite of what we should do in slow economic times.

Government's simply don't really run surpluses and when they do a recession often follows.

That's because we're being lied to about what we can and can't do.

papers.ssrn.com/sol3/papers....

It's accurate and you won't find a competing paper.