I note that the Hard of Accounting are out in force again pushing their fallacious line that Taxes Must Rise because we decided to use government to save the economy in the face of a nasty pandemic.New Waylnd Blog
There must be Fire and Brimstone. The Sin must be Purged.
Clueless idiots the lot of them - particularly those at the ironically named Institute for Fiscal Studies who really ought to know better. (If they do study Fiscal they don't do it very effectively).
This is how it works in reality....
Bonds Pay For Themselves
NeilW
3 comments:
Coincidentally I did a blog post on the same subject a few days ago. See:
https://ralphanomics.blogspot.com/2020/07/the-ifs-and-niesrs-questionable-grasp.html
The Instute for Fiscal Studies is famous for lack of grasp of macro. But as I show, one of the directors of the UK's "National Institute of Economic and Social Research" is just as bad.
I am glad to see Neil Wilson linked from the Mike Norman Economics. His insights have greatly helped me over the years.
On behalf of MNE, you're welcome.
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