Analysis: do Labour’s manifesto pledges add up?
We can just print money until they do add up, so it doesn’t matter, does it?
TBH I’d love to see him try to get that point across on TV. With A Neil perhaps.
And there’s a bit of this that Ritchie hasn’t admitted to himself as yet.
So, we can spend any amount we want just by creating money. But we must raise taxes in order to kill off the resultant inflation.
Right, sure, we know that politicians really will raise taxes to the correct amount, don’t we? For we’ve that historical proof that they always did even when they thought they faced a hard budget constraint, right?
But more than that, look at the end state. We end up with a high spend, high tax, society. How is this different from the earlier model, a high tax and high spend society?