The UK has a sovereign currency. Reeves can start the growth from her Treasury office with an email to Andrew Bailey at BoE, but she choses not to. More austerity from Labour is a political choice. - ThreadSky

lillmagill.bsky.social • 43 days ago

The UK has a sovereign currency. Reeves can start the growth from her Treasury office with an email to Andrew Bailey at BoE, but she choses not to.
More austerity from Labour is a political choice.

Reposted from Mike Galsworthy

I Would Do Anything for Growth (But I Won’t Do That) 🎶

#Rejoin

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bebsdotteragain.bsky.social•43 days ago

What is GROWTH?

Except the artificial increase of anything that is really not needed at all!?

In fact, such growth is darn well destructive!

lillmagill.bsky.social•42 days ago

Robert Kennedy was right. GDP measures everything in short, except that which makes life worthwhile..

bebsdotteragain.bsky.social•42 days ago

Exactly!👍

lillmagill.bsky.social•42 days ago

You can see why he never made it to US president.

bebsdotteragain.bsky.social•42 days ago

They probably thought his views made him a ‘Commi’!

whoa-magic.lol•42 days ago

They speak of growth in capitalism, like children, never turning the mirror inward to examine the moral failings of the system that intentionally creates suffering, poverty, hunger, illness, etc.

Growth? When will capitalism ever just really grow up, take care of your workers & their children.

bebsdotteragain.bsky.social•42 days ago

The growth of children is deliberately stunted to satisfy Billionaire Growth!!

whoa-magic.lol•42 days ago

I guaran-damn-tee you, Jeff Bezos NEVER worked a fucking job where he had to carry a piss bottle around at work, or be answerable 24/7 on his fucking phone.

bebsdotteragain.bsky.social•42 days ago

But don’t billionaires claim to work billions of times harder than everyone else!?

whoa-magic.lol•42 days ago

They claim... but it's weird they have all this time for flying around in their private jets, attending parties, galas, openings, shop for land, mansions, cars, bullshit, AND fuck around with dick ships to nowhere.

I never had that much time to waste as a worker, you?

bebsdotteragain.bsky.social•42 days ago

😂🤣😂😉 Nope!!

whoa-magic.lol•42 days ago

https://bsky.app/profile/did:plc:362jgun3je642aevahkfyakw/lists/3le7zqx4vpd2p

Watch them creating climate change in real time.

wyt3fr0g.bsky.social•42 days ago

Completely agree. The fake assumption that government finances are like a household budget need to be called out.
We urgently need a good dose of Keynesian economics! (Sprinkled with a little bit of MMT)

purebaltic.bsky.social•42 days ago

Come on Andy, you can't "have a little bit of MMT", it's a framework for understanding and explaining the capacity of the currency issuing state, part of which explains how our fiat money system works.

wyt3fr0g.bsky.social•42 days ago

Sorry, it's my turn of phrase!

I use understatement to mean "actually quite a lot" 🤣

purebaltic.bsky.social•42 days ago

I'd have the same complaint about that 😂

robin51.bsky.social•42 days ago

If she did, would that not cause the markets to be spooked or should I say that the MSM controlled by the Right would ensure they’d be spooked.

lillmagill.bsky.social•42 days ago

The government don't have to raise money for essential spending from the markets. As for the MSM being controlled by the right, that's only part of what's probably happening. Richard Murphy has several blogs on this. Here's one.

lillmagill.bsky.social•42 days ago

2/2 https://bsky.app/profile/ht4ecosocialism.bsky.social/post/3lfna5xkyrk2y

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