As pressure builds on Rachel Reeves to relax or shift her self-imposed fiscal rules, the Q. is whether she is one of those people who respond to pressure by doubling down on the criticised decision.
As so often (as Modern Monetary Theory adopts are no doubt screaming), the idea that the state could create credit (as with Quantitive Easing in 2008 onwards) is being ignored... if ever there was a time for the idea of a People's QE, now is that time!
#economics #austerity
https://www.theguardian.com/politics/2025/mar/15/economists-urge-rachel-reeves-to-bend-fiscal-rules-instead-of-cutting-welfare
Emeritus Prof Christopher May
npub12p…zzvxn
2025-03-15 09:16:07 UTC
Author Public Key
npub12pw99cs5a6j6r56yafxt355j8h38hhw6fh3zwunhj99m3gv3nfds7zzvxnPublished at
2025-03-15 09:16:07 UTCEvent JSON
{
"id": "c8e159257253b53c62462fa278f4d0eb6d1088bfa29988e081ec26cb0658d8f0",
"pubkey": "505c52e214eea5a1d344ea4cb8d2923de27bddda4de2277277914bb8a1919a5b",
"created_at": 1742030167,
"kind": 1,
"tags": [
[
"t",
"austerity"
],
[
"t",
"economics"
],
[
"proxy",
"https://zirk.us/@ChrisMayLA6/114165689026915196",
"web"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/114165689026915196",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://zirk.us/users/ChrisMayLA6/statuses/114165689026915196",
"pink.momostr"
],
[
"-"
]
],
"content": "As pressure builds on Rachel Reeves to relax or shift her self-imposed fiscal rules, the Q. is whether she is one of those people who respond to pressure by doubling down on the criticised decision.\n\nAs so often (as Modern Monetary Theory adopts are no doubt screaming), the idea that the state could create credit (as with Quantitive Easing in 2008 onwards) is being ignored... if ever there was a time for the idea of a People's QE, now is that time!\n\n#economics #austerity\n\nhttps://www.theguardian.com/politics/2025/mar/15/economists-urge-rachel-reeves-to-bend-fiscal-rules-instead-of-cutting-welfare",
"sig": "479c43ce9d9d2932039b82992b1a841a74bad72738bc3df0a1d16f6b5acf6bf0ac7875102574f5ef1075f8da3b31a395feedc4e7af3adb86a178d2b53186470c"
}