
Public debt is not a burden; it is an asset
The public debt is the Rodney Dangerfield of government finances. It is a long term benefit treated as perennial problem.
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The public debt is the Rodney Dangerfield of government finances. It is a long term benefit treated as perennial problem.
The purpose of the national investment bank would be to increase lending and investing in sectors that are key for the country’s structural transformation.
A household debt cancellation fund would be endowed with the same amount offered to bail out the banks 10 years ago.
Instead of the dysfunctional, budget balancing obsession, the Chancellor should do the opposite – use fiscal policy to minimise the instability of the economy.
If we accept private inherited wealth – ‘something for nothing’ – then we should accept the principle of ‘social dividends’ on inherited public wealth, created by many past generations.
We already have a National Health Service and free public education – what if we extended the same ethos to housing, transport, information access and food?
Dr Johnna Montgomerie, Prof John Weeks and Ann Pettifor introduce PEF’s new project, 100 Policies to End Austerity.
Does it matter if Mark Carney stays or goes? Ann Pettifor writes on central banker groupthink around financial globalisation.
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